Ch. 13 – The Age of Innovation and Industry /EQ: Was the Rise of Industry good for the United States?
1.
The economic system where assets are privately owned rather than government controlled is known as
2.
What invention by Samuel Morse revolutionized long-distance communication?
3.
What American inventor was responsible for the creation of the telephone?
4.
How did financial backers protect their investments in inventions?
5.
What natural resource took on a rapidly growing role in the industrial age?
6.
What became the heavy construction material of choice during the late-1800s?
7.
Which of the following was an impact of the Bessemer process?
8.
How did access to electricity change American industry?
9.
What became the major factor emphasized by factories in the industrial age?
10. Small businesses mainly needed which basic factor of production to expand?
11. Which of the following best describes a monopoly?
12. How did John D. Rockefeller's Standard Oil grow to become a monopoly?
13. Which of the following best describes the process of horizontal integration?
14. Which of the following best describes the process of vertical integration?
15. The principle of laissez-faire promotes what economic policy?
16. Why did the Sherman Antitrust Act initially fail to reduce the influence of big businesses?
17. Risk-takers who establish their own businesses are often referred to as
18. Which of the following individuals was not considered a philanthropist?
19. Why did Andrew Carnegie state that "anyone who dies rich dies disgraced"?
20. Why were the late-1800s often referred to as the Gilded Age?