Industrialization

The economic system where assets are privately owned rather than government controlled is known as

• populism

• capitalism

• socialism

• communism

What invention by Samuel Morse revolutionized long-distance communication?

• signal flare

• post system

• telephone

• telegraph

What American inventor was responsible for the creation of the telephone?

• Alexander Graham Bell

• Samuel Morse

• Thomas Edison

• Henry Bessemer

How did financial backers protect their investments in inventions?

• They chose to invest in only proven commodities.

• They bribed government official to pass new laws.

• They encouraged inventors to acquire patents.

• They invested across all competing inventors.

What natural resource took on a rapidly growing role in the industrial age?

• wood

• silver

• oil

• coal

What became the heavy construction material of choice during the late-1800s?

• iron

• steel

• titanium

• copper

How did access to electricity change American industry?

• Businesses and factories could stay open much later.

• Rural areas could increase their crop production rates.

• Enormous demand reduced the number of power plants.

• Businesses shortened hours in reaction to electricity costs.

What became the major factor emphasized by factories in the industrial age?

• education

• skilled workforce

• productivity

• reducing costs

Small businesses mainly needed which basic factor of production to expand?

• land

• labor

• capital

• patents

Which of the following best describes a monopoly?

• a company that by law exists independent from its owners

• a company that completely dominates a particular industry

• a company that solely relies on manufacturing for capital

• a company that attempts to buy up as much land as possible