Chapter 21 Section 1 Review

Which country was the first to industrialize in Europe?

Britain

Who patented a process that made steel lighter, harder and more durable than iron?

Henry Bessemer

Which country industrialized rapidly because they made modernization a priority?

Japan

corporation

businesses owned by many investors

What were the uses of Alfred Nobel's dynamite?

construction and warfare

robber barrons

destroyed competition and damaged free-enterprise/laissez-faire

What was responsible for the development of the battery, electric motor, dynamo, light bulb and incandescent lamp?

electricty

cartel

group of corporations

interchangeable parts

identical components that could be used in place of another

What invention allowed for products such as automobiles, flying machines, threshers and reapers?

internal combustion engine

captains of industry

invested their wealth that lead to employment of thousands of workers

stock

shares in a company

Why did business leaders create monopolies?

to control entire industries or areas of the economy

Why did owners sell stocks?

to get the needed capital

What impact did chemical fertilizers have on society?

Increased food production

Why did nations such as Germany, France and the United States have an advantage over Britain?

They had more abundant supplies of coal, iron and other resources

Assembly Line

When workers add parts to a product that moves along a belt from one station to the next