Gilded Age - Part 1

American industrialization proceeded at a rapid pace in the decades after the _.

• Civil War

• American Revolution

• WWI

• Spanish-American War

New inventions such as _ contributed to America's economic progress. (choose all answer choices that apply)

• Bessemer Process

• oil well

• electricity

• automobile

The _ was first completed in 1869, connecting the east coast to the west coast.

• Transcontinental Railroad

• steam engine

• steam boat

• electric trolly

Additional railroad construction created a demand for steel and tied the country together, creating a _ from coast to coast

• national market

• monopoly

• corporation

• national firm

The _ system encouraged entrepreneurs to develop new industries and expand them.

• free enterprise

• democratic

• supply and demand

• national market

A person who starts up & takes the risk of a business

• entrepreneur

• political machine

• nativist

• philanthropist

Which of the following DID NOT contribute to America's economic growth?

• Population growth

• the rise of the corporate form of business

• the skills of entrepreneurs

• Homestead Act

Andrew Carnegie bought iron ore fields, coal mines and ships to have complete control over the production of _

• steel

• oil

• railroads

• banks

John D. Rockefeller made his fortune in _.

• oil

• steel

• banking

• railroads

Hands off. No government intervention in business.

• laissez-faire

• monopoly

• trust

• free enterprise