Exam 17: Industrial Expansion and Concentration

A clear benefit of the work of the Federal Trade Commission in the early twentieth century has been

On the eve of the Civil War, __________ power was more important than _____________ power, but by the end of the 19^th century, 90 percent of manufacturing energy came from _________.

The term "________" denotes the adaptation of new technological ideas to existing products and services.

Based on evidence from the turn of the century, the income elasticity of flour and meal

The name Bessemer is associated with

Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling

Mass production integrates

A _________ is an agreement under which stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies.

Between 1860 and 1910, value added by the top ten manufactures roughly

Frederick W. Taylor argued that worker efficiency could be improved by

In United States v. United States Shoe Machinery Company of New Jersey, et al. the court held that

In 1910, the largest U.S. industry as ranked by value added was

A monopsony is a market in which

In 1901, U.S. Steel was created through the ______________ merger of three steel firms. U.S. Steel combined Carnegie Steel, which had acquired iron ore and coal mines through previous _________ mergers, with National Steel and Federal Steel, both of which had strong __________ alliances.

Between 1860 and 1910, the _______________ industry showed the greatest percentage increase in value added per worker.

According to Alfred Chandler, large vertically integrated firms dominated much of American manufacturing in the early 1900s because

Which country had an international reputation for its industrial cartels at the turn of the century?

In U.S. v. U.S. Steel Corporation , the Supreme Court ruled that

What best describes the changes in steel production from 1860-1910?

Which of the following is an example of a horizontal merger?