Industrialization

The laissez-faire economic policies of the United States during the nineteenth century led to

• a system of protective tariffs

• the creation of a national bank

• a largely unregulated market for industry

• a decline in immigration to western states

Which statement best describes a result of industrialization in the United States during the

mid-nineteenth century?

• People moved to cities in search of economic opportunity.

• Farmers began to cultivate land west of the Appalachian Mountains.

• Native peoples were forcibly relocated to western territories.

• Government officials began to promote the idea of Manifest Destiny.

designed to prevent companies from engaging in unfair practices that eliminated fair competition

• Gospel of Wealth
• Corporation
• Interstate Commerce Act
• Sherman Antitrust Act

complete control of a product or service; the elimination of fair competition

• Robber Barons
• Bessemer Process
• Monopoly
• Philanthropy

inventor known for the telephone and the company that later becomes AT&T

• Alexander Graham Bell
• Knights of Labor
• Thomas Edison
• John D. Rockefeller

completed in 1869 at Promontory Point, Utah making it possible to travel by land to California

• Transcontinental Railroad
• Interstate Highway
• Route 66
• Henry Ford's Model T

process which made steel more affordable and profitable

• Gospel of Wealth
• Bessemer Process
• Smelting
• Monopoly

inventor best known for his invention of the electric light bulb

• Nikola Tesla
• Thomas Edison
• J.P. Morgan
• Elias Lightbulb

theory that government should not interfere in the operation of the free market

• Cul-de-sac
• Laissez-Faire
• Fleur de Lis
• Achtung

This type of monopoly involves companies buying all of the similar companies (Standard Oil)

• Horizontal Integration
• Vertical Integration