EOC Review #3: Industrial Growth

EOC Review #3: Industrial Growth

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1) What does the cartoonist believe is “consuming” the American consumer?

​A) government policies regarding workers’ rights

B) high prices as a result of tariffs

C) an abundance of domestic goods

D) low prices on domestic goods

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(Submit answer on next slide)

Multiple Choice

1) What does the cartoonist believe is “consuming” the American consumer?

• government policies regarding workers’ rights

• high prices as a result of tariffs

• an abundance of domestic goods

• low prices on domestic goods

Multiple Choice

2) Which innovation most improved the standard of living in the United States in the late 1800s?

• electric power

• the railroad

• turning petroleum into kerosene

• mass producing goods

3) Which statement best completes this graphic organizer?

​A) increased cost of moving freight

B) ended the practice of land grants

C) closed the American frontier

D) increased migration to the East

.

(Submit answer on next slide)

Multiple Choice

3) Which statement best completes this graphic organizer?

• increased cost of moving freight

• ended the practice of land grants

• closed the American frontier

• increased migration to the East

Multiple Choice

4) Whose invention enabled faster communication between the United States and Europe?

• George Westinghouse’s

• Lewis Latimer’s

• Cyrus Field’s

• Thaddeus Lowe’s

Multiple Choice

5) What point was Andrew Carnegie making in this quote?

“Two pounds of ironstone . . . one pound and a half of coal, mined, manufactured into coke . . . one-half pound of lime, . . . [and] a small amount of manganese ore, . . . these four pounds of materials manufactured into one pound of steel, for which the consumer pays one cent. ”

—from Triumphant Democracy, 1893

• He is boasting about how cheaply he can produce steel.

• He is lamenting about the difficulty of producing steel.

• He is upset about the low returns he receives from producing steel.

• He is worried about having the resources to make steel.

6) This graph shows annual nonfarm earnings, both in real wages and in wages not adjusted for inflation.

What concerns of workers in the late 1800s does the information in the graph indicate?

​A) steep increase in prices

B) lower buying power

C) continued higher wages

D) decrease in spending

.

(Submit answer on next slide)

Multiple Choice

6) What concerns of workers in the late 1800s does the information in the graph indicate?

• steep increase in prices

• lower buying power

• continued higher wages

• decrease in spending

This chart shows three different kinds of business organizations that emerged during the Second Industrial Revolution.

What competitive advantages does a corporation have over a partnership and a sole proprietorship?

​A) A corporation is easy to establish and there are very few costs to set up.

B) A corporation exists as a separate entity so owners have limited liability.

C) Each partner in a corporation benefits equally from the profits.

D) A shareholder can borrow money to help fund the corporation.

.

(Submit answer on next slide)

Multiple Choice

7) What competitive advantages does a corporation have over a partnership and a sole proprietorship?

• A corporation is easy to establish and there are very few costs to set up.

• A corporation exists as a separate entity so owners have limited liability.

• Each partner in a corporation benefits equally from the profits.

• A shareholder can borrow money to help fund the corporation.

Multiple Choice

8) How did the use of injunctions help businesses deal with labor issues?

• It halted strikes through the use of a federal court order.

• It locked out workers who wanted to join unions.

• It allowed only union members to work in the business.

• It used arbitration to settle disputes between owners and workers.

Multiple Choice

9) Which statement best describes a principle of laissez-faire economics?

• Government policies should protect workers’ rights.

• High tariffs should be imposed on exports.

• Competition among companies should be regulated.

• Supply and demand should regulate wages and prices.

Multiple Choice

10) How did the horizontal integration structure lead to the development of monopolies?

• by managing the stocks of other companies

• by buying up the companies needed in the industrial process

• by owning the stock of other companies

• by buying out the competitors in a particular industry