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