US 09-1 The Rise of Industry

people who risk their capital in organizing and running a business

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

the total value of all goods and services produced by a country

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

act that reversed years of declining tariffs

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

"let do," a French phrase meaning "let the people do as they choose."

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

resource that could be turned into kerosene

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

Supporters of laissez-faire generally oppose subsidies and favor

• tariffs.

• high prices.

• free trade.

• monopolies.

By the early 1900s, Americans had transformed the United States into the worlds leading

• gross national product.

• industrial nation.

• laissez-faire country.

• military establishment.

Who invented the telephone, which revolutionized both business and personal communication?

• Alexander Graham Bell

• Thomas Alva Edison

• Edwin Drake

• George Pullman

What were equally as important as natural resources in the nation's rapid industrialization?

• political systems

• tariff laws

• new technology

• human resources

The first oil well was drilled near Titusville, Pennsylvania by

• Alexander Graham Bell

• Thomas Alva Edison

• Edwin Drake

• George Pullman