Technology and Industrial Growth (pages 436-442)

developed an efficient technique for transforming iron into steel

• Edwin L. Drake
• Henry Bessemer
• Thomas Alva Edison
• Alexander Graham Bell

introduced an efficient means of retrieving oil from beneath the earth's surface

• Edwin L. Drake
• Henry Bessemer
• Thomas Alva Edison
• Alexander Graham Bell

perfected the incandescent light bulb at his research laboratory in Menlo Park, New Jersey

• Edwin L. Drake
• Henry Bessemer
• Thomas Alva Edison
• Alexander Graham Bell

invented the telephone

• Edwin L. Drake
• Henry Bessemer
• Thomas Alva Edison
• Alexander Graham Bell

All of the following factors contributed to the immense industrial boom of the early 1900s except

• a wealth of natural resources.
• the emergence of the middle class.
• government support for business.
• a growing urban population.

Laissez faire policies meant the government took a lot of control over what businesses produced and heavily regulated businesses.

• True

• False

Which of the following was NOT a factor that encouraged industrial growth during the late-1800s?

• Abundant natural resources

• A growing workforce

• Capitalism and entrepreneurs interested in making a profit

• World War I

• "Laissez faire" government policies

A method of production that uses a standardized process of creating interchangeable parts in large quantities for a low price.

• technique

• micro production

• mass production

• cottage industry

If businesses/companies can reduce the cost of production for the the item/service, that can ____________________ the cost of the item for consumers.

• increase

• decrease

• neither