History unit 7 self test 3

American industry was aided by (1) war, (2) new power sources, (3) improvements in transportation and communication, (4) new production methods, (5) monopolies. _____

A. 1,2,3,4

McCormick, Whitney, and Oliver contributed to the United States' _____

Agricultural revolution

Industrial Revolution

Change from manual labor to machine

Socialism

Collective or government ownership of production and distribution

Field, Bell, and Morse developed great improvements in ____

Communication

Technological improvement in transportation and _____ aided the fighting of wars

Communication

Marx's theories of socialism were outlined in the ____

Communist Manifesto

Federal Trade Commission

Controlled corporation practices

Communists believe in the seizure of ____ power by force

Economic or political

Monopoly

Exclusive control of a product

Labor unions have a voice against employer abuse to ___

Factory workers

Industrialized methods were first used in England's iron industry

False

Lumber and textiles were the top ranking U.S industries by the 1900s

False

Nations import their surplus goods in order to export needed items

False

Smith wrote of the deplorable factory conditions in England

False

Wars and corporations hindered the growth of industry in the United States

False

Free enterprise

Freedom of private business to complete and operate for a profit

Tariffs balance the economy by raising the prices of ____

Imported goods

Urbanization

Mass movement to the city

Consolidation

Merger of seven businesses into one

High taxes and robbers threatened trade during the ____

Middle Ages

Collective bargaining

Negotiations between labor and management

Laissez-faire

Opposed government intervention in private business

Capitalism

Private ownership and distribution of goods and competitively in a free market

What measures were created and used by Roosevelt and later presidents to control corporation practices?

Roosevelt enforced earlier antitrust laws and bright publicity against corporation practices, thus gaining more cooperation from them. The Clayton Antitrust Act and Federal Trade Commission also controlled illegal practices

Watt, Fulton, and Stephenson all experimented with the ____

Steam engine

What were the factors that gave rise to communism?

The many injustices and abuses of the working class by wealthy industrialists who shared little of the wealth they made gave rise to this preaching for the proletariat to overthrow the capitalists

Assembly line

The piece-by-piece assembling of a product

How did the Industrial Revolutions in Europe and England affect the growth of industry in the United States

They set the patterns of industry in labor-saving devices, the factory system, and labor laws to protect the worker-- patterns which later were vital in setting the patterns of American industry

By the early 1900s the North Central and Middle Atlantic states led in production in the United States

True

Major goals of corporations were to eliminate competition and increase profits

True

New England businessmen were heavy investors in the industry

True

Plentiful natural resources and work force are musts for industry

True

The Communist Manifesto is considered an important work on socialism

True

The Crusades and monasteries were the early European influences on industry

True

The Crusades revived European interest in trade and business

True

The working methods of Whitney and Fords made mass production possible

True

Social changes resulting from Industrial Revolution included (1) urbanization, (2) greater independence, (3) growing socialism, (4) poor living and working conditions

a. 1,3,4

Laussez-faire economy was based on the law of a. _____ and the law of b. _____

a. Supply and demand. b. Competition

Factors aiding the plight of factory workers included (1) labor improvement laws, (2) laissez-faire, (3) labor unions, (4) books by Dickens and Disraeli

b. 1,3,4

Factors making the United States ripe for industry's growth included (1) abundant natural resources, (2) ample work force, (3) help from England, (4) investment capital, (5) determination to prove itself

c. 1,2,4,5

Advantages corporations brought to the United States included (1) lowered unemployment, (2) reduced competition, (3)

c. 1,3,4,5

The deciding factor of the North's victory in the Civil War was its ____

Industry

Standardized parts

Interchangeable parts

Stockholders

Investors in corporations who share in the profits

How has the Industrial Revolution affected the world's economy?

It has raised the worlds economy, increasing the standard of living to a prosperous level when compared with century before. It also boosted world trade and made nations dependent upon each other for products and quickened distribution of goods around the world