used the assembly line to make cars more affordable

What occurred as the United States industrialized?

The gap between the rich and poor grew.

Which of the following was a benefit of the laissez faire policies?

Industries, such as steel and oil, achieved rapid growth.

"Laissez-faire" policies led to?

Monopolies developed in major industries.

How did the growth of the steel industry affect the U.S. economy?

Cheaper steel made it possible to build railroads, bridges & buildings.

How did the Second Industrial Revolution differ from the first?

focused on the growth of heavy industries like steel, oil and electricity

How did John D. Rockefeller and Standard Oil gain financial success?

Horizontal Integration: control all parts of production

Why was there an ideological and practical break between early anarchists and communists such as Karl Marx?

Communists believed that the state should operate the means of production

What did Communists predict would result from class & social divisions?

Workers would overthrow the bourgeoisie in a violent revolution.

Which argument would a critic of big business raise in the late 19th century?

Owners mistreated workers and cheated consumers

Increased mechanization and more efficient production led to

the First and Second Industrial Revolutions

Which practices of big business did late 19th century critics especially condemn?

They engaged in unfair conduct to put their competitors out of business

How were the First and Second Industrial Revolutions alike?

Both led to innovations in the ways in which goods were produced

How did the invention of the railroad industry lead to the growth of the stock market?

It led to the expansion of other industries such as steel and coal.

Henry Flagler was important to the state of Florida because...

He was pivotal in bringing railroads to the state

How did the spread of railroads contribute to the Second Industrial Revolution?

Railroads encouraged the city growth & a national market.

What does it mean to say that a company is vertically integrated?

It owns the supply of materials and services it needs to create its product

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Gilded Age

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Questions 25

Answers

1
Henry Ford's use of mass production techniques in the 20th century
made affordablev textiles
made affordable oil
made affordable farming
made affordable automobiles
2
The biggest impact on the expansion of railroads during the Second Industrial Revolution?
The invention of narrow-gauge rails lowered costs
The Bessemer process
The deregulation of the railroad industry allowed more innovation
The discovery of oil led to cheaper gas train engines
3
Henry Ford....
used the assembly line to make cars more affordable
invented the airplane
invented the automobile
invented the light bulb
4
What occurred as the United States industrialized?
Immigration to the United States declined.
Membership in labor unions declined.
slave labor and trade
The gap between the rich and poor grew.
5
Which of the following was a benefit of the laissez faire policies?
Businesses were motivated to provide fair working conditions
Industries, such as steel and oil, achieved rapid growth.
Owners helped pay for many of the expenses of government.
Avoided corruption by following their own codes of ethics
6
Which would stimulate economic growth?
Increased taxes
Decreased Savings
Technological progress
Increased transfer payments
7
"Laissez-faire" policies led to?
Monopolies developed in major industries.
government regulation of big business
Workers' wages rose significantly.
the destruction of monopolies and trusts
8
How did the growth of the steel industry affect the U.S. economy?
The U. S. became dependent on foreign suppliers to obtain more steel.
Steel workers organized into labor unions and received higher wages
Steelreplaced wood, plastic and glass in most everyday household goods
Cheaper steel made it possible to build railroads, bridges & buildings.
9
How did the Second Industrial Revolution differ from the first?
began in England and then spread to the US
provided better working conditions for American factory workers
focused on the growth of heavy industries like steel, oil and electricity
resulted from the adoption of new technologies
10
How did John D. Rockefeller and Standard Oil gain financial success?
Vertical Integration: control all parts of production
Horizontal Integration: control all parts of production
Vertical Integration: control some parts of production
Horizontal Integration: control some parts of production
11
Why was there an ideological and practical break between early anarchists and communists such as Karl Marx?
Communists believed that the state should operate the means of production
Anarchists believed that people should be able to vote for their leaders
Communists believed that the people should delegate authority one leader
Anarchists believed that religion should play an important role
12
Who was responsible for developing Florida's cigar industry?
France
The Bahamas
Cuba
Greece
13
What did Communists predict would result from class & social divisions?
Workers would overthrow the bourgeoisie in a violent revolution.
Workers would use their votes to improve their conditions.
Bourgeois factory owners would replace the proletariat with machines.
Government leaders would introduce social insurance and other programs.
14
In which type of economic system do entrepreneurs have the MOST freedom to start new businesses?
mixed economy
traditional economy
pure command economy
pure market economy
15
Alexander Graham Bell
He invented the TELEVISION
banker, financier
He invented the TELEPHONE
He invented the MOBILE PHONE
16
Which argument would a critic of big business raise in the late 19th century?
The policy of laissez-faire must never be violated
Colonies are important for raw materials
All big business owners were also philanthropists
Owners mistreated workers and cheated consumers
17
Increased mechanization and more efficient production led to
World War One
Monopolies
The Great Depression
the First and Second Industrial Revolutions
18
Vicente Martinez Ybor opened a cigar industry in Tampa, Florida.
True
False
19
Which practices of big business did late 19th century critics especially condemn?
They lacked the resources to produce goods in large quantities.
They failed to conduct research to improve their products.
They engaged in unfair conduct to put their competitors out of business
They were slow to adopt innovations in production.
20
How were the First and Second Industrial Revolutions alike?
Both depended on skilled craftsmen to produce most goods.
Both led to innovations in the ways in which goods were produced
Both were primarily focused on increasing textile production
Both relied on animal power to drive manufacturing machinery
21
How did the invention of the railroad industry lead to the growth of the stock market?
people built businesses to entice the railroad to their town
It led to the expansion of other industries such as steel and coal.
Every town was able to sendmen to work on the railroads.
all of these correct
22
Henry Flagler was important to the state of Florida because...
He bought Florida from the Spanish
He was the first governor of FL
He helped draw the state's borders
He was pivotal in bringing railroads to the state
23
How did the spread of railroads contribute to the Second Industrial Revolution?
Railroads stimulated steamship travel along America’s inland rivers.
Railroads caused cotton & rice production to move to the Pacific Northwest.
Railroads led urban workers to migrate to rural farms.
Railroads encouraged the city growth & a national market.
24
Which law did Congress pass to prevent abuses arising from business arrangements?
Homestead Act
Interstate Commerce Act
Pure Food and Drug Act
Sherman Antitrust Act
25
What does it mean to say that a company is vertically integrated?
It operates in many different industries that make unrelated products
It owns the supply of materials and services it needs to create its product
It combines all of the different stages of production in the same facility.
It has a monopoly in the marketplace for the product it creates.

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