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

A French phrase meaning "let people do as they choose."

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

Resource that can be turned into kerosene.

• Morrill Tariff

• laissez-faire

• gross national product

• petroleum

• entrepreneurs

Supporters of laissez-faire generally favor ______________ .

• tariffs.

• high prices.

• free trade.

• government protections.

By the early 1900's, Americans had transformed the United States into the world's 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

________________ was as important as natural resources in the nation's rapid industrialization.

• The political system

• A new tariff law

• New technology

• Increased population

The first oil well was drilled near Titusville, Pennsylvania, by _______________ .

• Alexander Graham Bell

• Edwin Drake

• Thomas Alva Edison

• Elisha Otis