"Laissez-faire" policies led to?

Monopolies developed in major industries.

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 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.

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

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

Railroads encouraged the city growth & a national market.

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

Workers would overthrow the bourgeoisie in a violent revolution.

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

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

What occurred as the United States industrialized?

The gap between the rich and poor grew.

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

Owners mistreated workers and cheated consumers

How were the First and Second Industrial Revolutions alike?

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

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

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

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

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

Horizontal Integration: control all parts of production

Increased mechanization and more efficient production led to

the First and Second Industrial Revolutions

How did the Second Industrial Revolution differ from the first?

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

used the assembly line to make cars more affordable

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

He was pivotal in bringing railroads to the state

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Questions 25

Answers

1
"Laissez-faire" policies led to?
government regulation of big business
the destruction of monopolies and trusts
Monopolies developed in major industries.
Workers' wages rose significantly.
2
Which practices of big business did late 19th century critics especially condemn?
They engaged in unfair conduct to put their competitors out of business
They failed to conduct research to improve their products.
They were slow to adopt innovations in production.
They lacked the resources to produce goods in large quantities.
3
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.
Every town was able to sendmen to work on the railroads.
people built businesses to entice the railroad to their town
all of these correct
4
Alexander Graham Bell
He invented the TELEVISION
banker, financier
He invented the TELEPHONE
He invented the MOBILE PHONE
5
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 religion should play an important role
Anarchists believed that people should be able to vote for their leaders
Communists believed that the people should delegate authority one leader
6
How did the spread of railroads contribute to the Second Industrial Revolution?
Railroads stimulated steamship travel along America’s inland rivers.
Railroads led urban workers to migrate to rural farms.
Railroads encouraged the city growth & a national market.
Railroads caused cotton & rice production to move to the Pacific Northwest.
7
Vicente Martinez Ybor opened a cigar industry in Tampa, Florida.
False
True
8
Which would stimulate economic growth?
Increased transfer payments
Technological progress
Increased taxes
Decreased Savings
9
What did Communists predict would result from class & social divisions?
Government leaders would introduce social insurance and other programs.
Bourgeois factory owners would replace the proletariat with machines.
Workers would overthrow the bourgeoisie in a violent revolution.
Workers would use their votes to improve their conditions.
10
In which type of economic system do entrepreneurs have the MOST freedom to start new businesses?
mixed economy
pure command economy
pure market economy
traditional economy
11
Which of the following was a benefit of the laissez faire policies?
Owners helped pay for many of the expenses of government.
Industries, such as steel and oil, achieved rapid growth.
Avoided corruption by following their own codes of ethics
Businesses were motivated to provide fair working conditions
12
Which law did Congress pass to prevent abuses arising from business arrangements?
Pure Food and Drug Act
Interstate Commerce Act
Sherman Antitrust Act
Homestead Act
13
What occurred as the United States industrialized?
The gap between the rich and poor grew.
Membership in labor unions declined.
Immigration to the United States declined.
slave labor and trade
14
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
Owners mistreated workers and cheated consumers
All big business owners were also philanthropists
15
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
16
Henry Ford's use of mass production techniques in the 20th century
made affordable farming
made affordablev textiles
made affordable automobiles
made affordable oil
17
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.
Cheaper steel made it possible to build railroads, bridges & buildings.
Steelreplaced wood, plastic and glass in most everyday household goods
Steel workers organized into labor unions and received higher wages
18
What does it mean to say that a company is vertically integrated?
It combines all of the different stages of production in the same facility.
It operates in many different industries that make unrelated products
It has a monopoly in the marketplace for the product it creates.
It owns the supply of materials and services it needs to create its product
19
How did John D. Rockefeller and Standard Oil gain financial success?
Horizontal Integration: control some parts of production
Vertical Integration: control all parts of production
Vertical Integration: control some parts of production
Horizontal Integration: control all parts of production
20
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 discovery of oil led to cheaper gas train engines
The deregulation of the railroad industry allowed more innovation
21
Increased mechanization and more efficient production led to
World War One
Monopolies
the First and Second Industrial Revolutions
The Great Depression
22
Who was responsible for developing Florida's cigar industry?
Greece
The Bahamas
Cuba
France
23
How did the Second Industrial Revolution differ from the first?
focused on the growth of heavy industries like steel, oil and electricity
began in England and then spread to the US
resulted from the adoption of new technologies
provided better working conditions for American factory workers
24
Henry Ford....
invented the airplane
invented the automobile
used the assembly line to make cars more affordable
invented the light bulb
25
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

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