Which of these statements is an example of how NATURAL RESOURCES helped the American economy grow?

In 1863,John D. Rockefeller built an oil refinery near Cleveland, Ohio.

person who creates and runs a new business

Which statement correctly describes the impact the growth of industry had on large cities in the late 1800s?

Industrial growth led to major problems for people in cities.

How does demand for a product help the economy grow?

Entrepreneurs take more risks when demand is high, growing the economy.

What led to urbanization?

New inventions created job opportunities in the cities.

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SAVVAS Chapter 11 Lesson 2

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Questions 12

Answers

1
By 1928, Boeing was one of the largest airplane manufacturers in the world.
True
False
2
Which of these statements is an example of how NATURAL RESOURCES helped the American economy grow?
On an assembly line, product is built as it moves past a line of workers.
By 1928, Boeing was one of the largest airplane manufacturers in the world.
In 1863,John D. Rockefeller built an oil refinery near Cleveland, Ohio.
Bigger companies produce goods cheaper, so businesses joined together.
3
As it strengthened the economy, industrial growth had no impact on the people living and working in cities.
False
True
4
entrepreneur
a worker who builds automobiles
person who creates and runs a new business
someone who works in a factory
a man who makes steel
5
Which statement correctly describes the impact the growth of industry had on large cities in the late 1800s?
Monopolies grew, small businesses were less likely to succeed in cities.
Industrial growth led to major problems for people in cities.
Big business entrepreneurs gained greater power in government.
New technologies had to be invented to deal with pollution.
6
What is urbanization?
growth of farms
growth of business
growth of plants
growth of cities
7
How does demand for a product help the economy grow?
Business try to keep costs low during high demand, and consumers save $.
Having more workers than is necessary helps the economy grow.
Supply increases to meet demand, and new products strengthen economy.
Entrepreneurs take more risks when demand is high, growing the economy.
8
Smaller companies could produce goods at a lower cost, so businesses began to break apart.
True
False
9
With an assembly line, a product is put together as it moves past a line of workers.
True
False
10
What is the name of the economic system that allowed people such as Andrew Carnegie to start their own business?
assembly line
monopoly
free enterprise
entrepreneurship
11
In 1863, entrepreneur John D. Rockefeller built his first oil refinery near Cleveland, Ohio.
True
False
12
What led to urbanization?
New inventions created job opportunities in the cities.
The cities were safe and cleaner.
Many wanted to start their own business.
Farms in the West began to fail.

SAVVAS Chapter 11 Lesson 2 Flashcards | StudBud