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Industry ReviewY&B Flashcards | StudBud
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Industry ReviewY&B
Industry ReviewY&B
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1
In this type of economy, individuals own businesses and compete to earn profits.
Socialism
Capitalism
Communism
Anarchy
2
In this type of economy, the government owns all the business and all the profit goes to the government or its leaders.
Anarchy
Capitalism
Socialism
Communism
3
In this type of economy, businesses are owned privately or by the govt, but everyone has health care and education
Communism
Anarchy
Socialism
Capitalism
4
Who invented the telegraph?
Samuel Morse
Thomas Edison
Alexander Graham Bell
Lewis Latimer
5
Who is responsible for the creation of the electric light bulb?
Nicola Tesla
Cyrus McCormick
Thomas Edison
George Westinghouse
6
Which of these drove the Second Industrial Revolution?
coal, steam, and cotton
electricity, steel, oil
water power and coal
coal and oil
7
The Bessemer Process was a new method for turning iron into steel by burning off the impurities with hot air.
False
True
8
Who created our modern oil drilling technique in PA in 1859?
John Roebling
Edwin Drake
Alexander Graham Bell
George Westinghouse
