Industrialization

Which of the following occurred between 1865 and 1900 as a result of the rapid industrialization of the US?

• Social and economic class divisions began to disappear.
• Concerns about air pollution led to stricter environmental regulations.
• Union membership increased as workers sought better pay and conditions.
• Factory owners introduced wage-equality policies for women in the workplace.

Which statement best explains how the application of electricity in the early 1900s affected the development of the U.S. economy?

• Long-distance travel became more expensive.
• College education became more accessible.
• Manufacturing processes became more efficient.
• Household appliances became more costly.

"Prices and wages should be determined by the marketplace." The author of this statement would most likely support

• government ownership of businesses.

• minimum-wage laws.

• wage and price controls.

• laissez-faire economics.

What was one reason businesses were opposed labor unions?

• to prevent workers strikes
• to ensure equal pensions
• to make sure only skilled workers were employed
• to protect workers from injuries

Why were strikes not as effective in industries with unskilled workers?

• Unskilled workers were paid high wages.
• Unskilled workers could be replaced more easily than skilled workers.
• Unskilled workers were not allowed to join unions.
• Many unskilled workers were deported for supporting unions.

How did the policy of laissez-faire contribute to the development of the free enterprise system?

• kept government from heavily taxing industries
• prevented Britain from taking natural resources
• decreased dependence on slave labor
• tight government control of factory profits

 How did Railroads impact the economy during this time?

• Moved raw materials (steel, lumber, coal) to factories 
• Used to make artillery and weapons
• Provided money for other industries
• Materials were more expensive and quicker to ship

Who was Andrew Carnegie? (1835-1919)

• Built an oil empire
• Immigrant from Scotland, donated $ to libraries 
• Powerful Banker
• Powerful Railroad owner

Define a monopoly.

• A card game
• businesses that are owned by investors
• A company controls all or most of businesses in an industry.
• Poor families

Describe John D. Rockefeller.

• Built a steel empire
• powerful banker
• Owned Standard Oil Company 
• Had a steel Monopoly