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Industrial Revolution
The 19th century is
Capitalism in its true form is ____
Industrial Revolution
20 terms
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StudBud Administration
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Bilingual Social Studies
Flashcards
20 cards
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Questions
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Answers
1
Capitalism in its true form is ____
an economy with no government regulation.
an economy with heavy government regulation.
2
The 19th century is
1400s
1900s
1700s
1800s
3
The Industrial Revolution was the transition from rural to_____ in all aspects of society.
towns
garages
urban
houses
4
How did Andrew Carnegie become wealthy?
Steel
Oil
Factories
Cars
5
How many economic systems currently exist?
3
2
1
4
6
Thomas A. Edison invented the__________.
Railroad
Light-bulb
Computer
Phone
7
Child labor existed in America
True
False
8
A country needs to have certain criteria to successfully industrialize.
True
False
9
Alexander Graham Bell made the first_________.
Machine
Phone call
Railroad
Text message
10
Today, the U.S. has a _____________ economy.
market
mixed
traditional
centrally- planned
11
Laissez- faire economics is the belief that
none of these
everyone is happy
no government is involved
economy will regulate its self and no government is involved
12
The first advancement in communication was with the invention of the ____________.
Internet
Telegraph
Computer
Phone
13
Cornelius became rich because of his interest in___
Cars
Houses
Boats
Railroads
14
J.P. Morgan made his wealth in __________.
Phones
Industry
Banking
Oil
15
The 2nd Industrial Revolution occurred in
the U.S.
England
16
The 1st Industrial Revolution occurred in
United States
England
17
Only _____ of the population controlled over 90% of wealth in the U.S. during this time.
70%
20%
50%
10%
18
What is a monopoly?
A very long game.
Having a lot of money.
Complete control or power of a business.
Additional problems with the bank.
19
The Industrial Revolution made things more
Scientific
Difficult to use
Strange to understand
Funny
20
John D. Rockefeller had a monopoly in what type of business?
Textile
Oil
Steel
Monopoly
