Chapter 17 Industrial Supremacy

In the late nineteenth century, industry in the United States

• obtained the bulk of its raw materials from Central and South America

• faced a growing shortage of laborers

• saw the federal government eager to assist in its growth

• lacked adequate capital to expand the domestic market

Prior to the Civil War, the steel industry in the United States

• emerged as an important supplier for railroad construction

• largely replaced the iron industry

• resulted in the construction of large commercial ocean freighters

• barely developed at all

All of the following cities became important centers for steel production EXCEPT

• Pittsburg

• Birmingham

• Chicago

• Atlanta

In 1917, automobile production in the U.S.

• was the nation's largest industry

• saw nearly five million cars on American roads

• saw Charles and Frank Duryea build the first practical gasoline-powered car

• was almost nonexistent

In 1900, the emergence of research laboratories in American corporations

• was deemed unnecessary, since so many American university laboratories existed

• developed similar research goals as in Europe

• led to a diversification of research interests

• occurred as federal funding for research greatly expanded

In 1929, the base price of a Ford Model T was

• $630

• $470

• $290

• $950

Who among the following was NOT significantly associated with the steel industry?

• Henry Bessemer

• Andrew Carnegie

• Henry Clay Frick

• James J Hill

To John D. Rockefeller, the great "curse" of business was

• government regulations

• cutthroat competition

• the income tax

• the corporate tax

In the late nineteenth century, most American business millionaires

• began their careers from positions of wealth and privilege

• were living examples of "self-made men."

• came from financially humble origins

• ralied against the implications of Social Darwinism

In his books, Horatio Alger

• offered true accounts of poor Americans who had become wealthy

• took critical issue with the ideas of Social Darwinism

• emphasized the value of personal characeter in business

• criticized child labor in American industry