Industrialization/Reform Flashcard

Front

Which of the following options BEST describes a laissez-faire economic policy?

• The government should leave businesses alone
• The government should heavily regulate businesses
• The government should protect small businesses from failing
• The government should prevent large businesses from expanding

Back

The government should leave businesses alone

Front

Who is the owner of a company organized as a corporation?

Back

shareholders

Front

What term BEST describes a company that completely dominates a particular industry?

Back

monopoly

Front

Which of these technologies did Henry Ford use to mass-produce automobiles?

• assembly line
• Bessemer process
• electric lighting
• oil refining

Back

assembly line

Front

Capitalism is an economic system in which

Back

factories and other means of production are privately owned

Front

Why is Andrew Carnegie considered a philanthropist?

Back

He used his wealth to benefit society

Front

The business strategy of _______ integration involves merging many companies in the same industry.

Back

horizontal

Front

In the post-Civil War era, the United States evolved from a largely _______ society to a _______ society.

Back

largely agricultural; complex industrial

Front

What important factor(s) led to the rise of big business and monopolies in the 1900s?

Back

All of the above: lack of competition, social Darwinism, a laissez-faire economic policy.

Front

Which of the following progressive reforms was enacted by a constitutional amendment?

• women's suffrage
• consumer protection
• regulation of monopolies
• environmental conservation

Back

women's suffrage