U.S. History-The Triumph of Industry

In what way did each colony's government mirror the government of Britain?

• Each had a house of Lords.

• Each appointed a monarch.

• Each had a two-house legislature.

• Each called its legislature pamphlets.

Which of the following helped fuel economic growth by encouraging people to buy American goods?

• Monopolies

• Patents

• Protective Tariffs

• Laissez Faire

Steel changed people's lives by making possible the

• invention of radio

• construction of skyscrapers

• development of electricity

• establishment of time zones

A cartel differs from a monopoly in that

• one corporation has complete control of a product or service.

• businesses making the same product agree to limit production.

• one firm sets the prices for all goods in an industry.

• all the firms involved in the same business merge into one entity.

Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of

• driving up costs.

• raising wages.

• increasing profits.

• combining resources.

Capitalism fueled industrialization by

• requiring inventors to file patents.

• encouraging entrepreneurs to establish businesses.

• giving the country many natural resources.

• ensuring that all workers received high wages.

Which innovation extended the number of hours in a day that Americans could work and play?

• 
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• 
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Which industry most spurred economic growth and innovation in related industries?

• railroads

• food

• oil

• steel

As farms became mechanized,

• immigrants bought more land.

• more people became farmers.

• farmers moved to urban areas.

• farm workers became rural entrepreneurs.

What punishment would a corporate violator of the Sherman Antitrust Act face?

• imprisonment not exceeding three years

• a fine not exceeding $350,000

• a fine not exceeding $10,000,000

• imprisonment not exceeding three years and a fine not exceeding $10,000,000