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Industrial Revolution

Quiz by Chris Ward

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16 questions
Show answers
  • Q1
    Supporters of laissez-faire generally oppose subsides and favor
    tariffs
    free trade
    monopolies
    high prices
    30s
  • Q2
    By the early 1900s, Americans had transformed the United States into the world's leading
    military establishment
    gross national product
    laissez-faire country
    industrial nation
    30s
  • Q3
    What were equally as important as natural resources in the nation's rapid industrialization ?
    political systems
    tariffs
    human resources
    Advancement in technology
    30s
  • Q4
    What were the causes of the Industrial Revolution ?
    United States had a ton of natural resources
    laissez-fair economics in the United States
    Rise in population that allowed United State the ability to meet the demand of labor needed in order to Industrial America
    All of above
    30s
  • Q5
    "let do" a French phrase meaning "let people do as they choose"
    laissez-faire
    Morrill Tariff
    gross national product
    entrepreneurs
    30s
  • Q6
    One reason for America's Industrial success is its
    small workforce
    abundant raw materials
    wide open spaces
    access to oceans
    30s
  • Q7
    According to the concept of laissez-faire, prices and wages are regulated by
    the GNP
    government
    the GNP
    supply and demand
    30s
  • Q8
    What was the primary reasons that poor Europeans emigrated to the United States?
    to escape persecution
    to an education
    to break away from Europe's class system
    to gain a sense of individualism
    30s
  • Q9
    Combining many firms engaged in the same type of business into one corporation is called
    vertical intergration
    a monopoly
    horizontal intergration
    pools
    30s
  • Q10
    define vertical integration
    agreement to maintain high prices at a certain level
    when a single company achieves control of an entire market
    when a company combines many firms engaged in the same type of business into a corporation
    when a company owns all the different businesses on which it depends for it operation
    30s
  • Q11
    Andrew Carnegie formed a monopoly in the ______________________ industry.
    Steel
    Textile
    Electric
    Oil
    30s
  • Q12
    When a company buys out all of its competitors to be a monopoly, that company is practicing ______________________________ integration.
    Horizontal
    Industrial
    Vertical
    Monopolistic
    30s
  • Q13
    When company buys out all the suppliers of its product to be a monopoly, that company is practicing ______________________________ integration
    Industrial
    Horizontal
    Monopolistic
    Vertical
    30s
  • Q14
    John D. Rockefeller is most associated with which industry?
    Steel
    Oil
    Electric
    Textile
    30s
  • Q15
    Who used the biological theory of Darwinism to attempt to explain occurrences within the economy?
    Charles Darwin
    Herbert Spencer
    J.P. Morgan
    Thomas Edison
    30s

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