
Economic Expansion in the late 1800s
Flashcard
•
History
•
11th Grade
•
Practice Problem
•
Hard
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8 questions
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1.
FLASHCARD QUESTION
Front
What is Social Darwinism?
Back
Pseudoscience that applied Darwin's Theory of Evolution to Society
2.
FLASHCARD QUESTION
Front
Vertical Integration is?
Back
when a business buys up all the things they need to make, distribute, and sale their product (control the supply chain)
3.
FLASHCARD QUESTION
Front
Industrialization was able to explode in the United States after the Civil War because? Abundance of Natural Resources, Booming Population, Business Friendly Laws, Hard Working individuals, Freed Slaves went to work in the factories, Gold was discovered in California which people invested in Factories
Back
Abundance of Natural Resources, Booming Population, Business Friendly Laws
4.
FLASHCARD QUESTION
Front
The Free Enterprise System fueled economic growth in the late 1800's because?
Back
freedom to run a business with limited government involvement in business
5.
FLASHCARD QUESTION
Front
Laissez-Faire Economic Policies are?
Back
Policies with limited Governmental Regulation
6.
FLASHCARD QUESTION
Front
Protective Tariffs are?
Back
Governmental policies that tax another countries goods to make them more expensive so people buy their own countries goods as they are cheaper
7.
FLASHCARD QUESTION
Front
Horizontal Integration is?
Back
When a company buys up all of its rivals to make one large company
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