Industrial Revolution in teh United States

Early European factors that led to the birth of industry were:

the Crusades monasteries early capitalism

Early American industry was given a boost by:

the Embargo Act new production methods war transportation and communication improvements new power sources

The merging of several businesses into one is called a(n)

Consolidation

The main investors in the early industry of the United States were New England

Businessmen

Fulton

Clermont

The United States' first national road was called the _____ Road.

Cumberland

The European nation taking the lead in industry was:

England

Stockholders chose directors and enforced company policies.

False

The exclusive control of a product by a business is called a(n) _____________ of that product.

Monopoly

Howe

Sewing Machine

Whitney

Standardized Parts

Bell

Telephone

Ford

assembly-line production

Name five sources of power available to industry by the early 1900s.

water steam coal oil electricity electric

The world-wide change from manual labor to machines was called the ________Revolution.

Industrial

At the time of the Civil War, the Northern economy was ___________, but the Southern economy was largely___________ .

Industrial Agricultural

Cooper

Tom Thumb

Field

Transatlantic Cable

Factories were first powered by water and later by steam.

True

Ford's assembly-line production greatly reduced cost per unit.

True

Major goals of corporations were to eliminate competition and to increase profits.

True

The system of standardized parts made possible the replacing of broken or worn parts instead of replacing the whole product.

True

Corporations found success in using:

modern machinery superior production methods disciplined organization and management

Measures controlling the practices of corporations included:

the Federal Trade Commission the antitrust laws the Clayton Antitrust Act labor laws