A New Revolution

The period known as the Gilded Age was marked by

• economic growth and a lack of jobs.

• economic problems and a lack of jobs.

• economic growth and changing technology.

• economic problems and changing technology.

The growth of industry in the 1800s led to the development of investor-owned businesses called

• corporations.

• companies.

• factories.

• stockholders.

Which of the following best describes J. P. Morgan?

• Morgan was a banker and financier who organized corporate mergers.

• Morgan was the head of a manufacturing firm that produced textiles.

• Morgan was the owner of a telegraph communications company.

• Morgan was a Supreme Court justice who ruled on cases related to industry.

In the late 1800s, the Bessemer process was used in

• banking systems.

• electrical power.

• steel production.

• stock exchanges.

The transcontinental railroad was completed in

• 1835.

• 1859.

• 1869.

• 1888.

After the transcontinental railroad was completed, passengers could travel from New York to San Francisco in

• three days.

• eight days.

• two weeks.

• one month.

How did railroad expansion affect the prices of goods during the Gilded Age?

• Shipping products by railroad was much cheaper, and the cost of goods decreased.

• Shipping products by railroad was much slower, and the cost of goods decreased.

• Shipping products by railroad was more time consuming, and the cost of goods increased.

• Shipping products by railroad was more expensive, and the cost of goods increased.

Which of the following statements best describes how railroad expansion affected the environment during the late 1800s?

• Western forests were cut down to build railroads and bridges.

• Wild bison were allowed to roam near railroad tracks.

• Wild bison were domesticated to make room for railroads.

• Eastern forests were cut down to build railroads and bridges.

During the Second Industrial Revolution, railroad expansion increased settlement in

• the East.

• the North.

• the South.

• the West.

Which three factors transformed industry during the Gilded Age?

• the expansion of railroads, the reliance on old technology, and the investment of government in business

• the reliance on old technology, the investment of government in business, and the use of old business models

• the use of new business models, the rise of new technology, and the expansion of railroads

• the decrease in immigration, the rise of new technology, and the expansion of railroads