Questions and Answers with Certified
Solutions
Laissez-faire ✔✔A french phrase meaning "let people do as they choose." SIG: Supporters if this
believed that the government should not interfere in the economy other than to protect private
property rights and maintain peace
Rail Roads ✔✔Allows nation to expand westward, allows agriculture to expand into the Great
Plains. Allows cities and towns to expand. Provides easy ways to get raw materials to factory
then finished goods to market. First big business
Bessemer Process ✔✔New process of steel manufacturing that eliminates impurities, stronger
products, with good efficiency = better product
Andrew Carnegie
Vertical Integration ✔✔Management control - All companies in the supply train are united
through a common owner = better financial growth and efficiency
Andrew Carnegie
, Horizontal Integration ✔✔Combining of factories/businesses into the same business/ one large
corporation
J.D. Rockefeller
Manifest Destiny ✔✔Belief that the US was destined to spread across the Northern American
Continent
Andrew Carnegie ✔✔Invented vertical integrated steel industry, which allowed companies to
grow bigger
J.D. Rockefeller ✔✔Famous industrialist who built oil refineries, Company- Standard Oil
Imperialism ✔✔Economic and political domination of a strong nation over weaker ones
Queen Liliuokalani ✔✔Monark of Hawaii, "Hawaii is for Hawaiians'", 1900 Hawaii became part
of the US
William Randolph Hearst ✔✔Owned the New York Journal, reported outrageous stories about
how the Spanish treated the Cubans