Industrialism so far

Why was petroleum in high demand, even before its use as fuel for automobiles?

• It could be used in airplanes

• It could be turned into kerosene( used for lanterns, etc)

• It was good for chapped lips

• petroleum was not in high demand

How did railroads help the nation to develop?

• Railroads took the place of cars, which moved too slowly

• Railroads did not help the nation develop much

• Railroads took people West and natural resources out east

• They reduced the need for steel,coal and other resources

How did a growing population help the nation's industrialists?

• There was less demand for food

• It provided more workers and more demand for products

• It provided higher wages

• There was not a growing population during this time

Alexander Graham Bell was responsible for a huge breakthrough in communication. What was it?

• The Refrigerator and the Electric Stove

• The Spinning Jenny and the Sewing Machine

• The Telegraph cable and the Telephone

• The Radio and the Telephone

What was the effect of mass production on shoemaking?

• Shoes became less expensive

• Shoes became more expensive

What did laissez-faire supporters believe about the role of government?

• gov't should be more involved in foreign affairs

• gov't should stay out of foreign affairs

• gov't should stay be more involved economic affairs

• gov't should stay out of economic affairs

How did laissez-faire supporters feel about tariffs?

• They liked tariffs

• They did not like tariffs

Who are people that risk capital in order to organize and run a business?

• laissez-faire

• labor unions

• tarrifs

• entrepreneurs

What is a corporation?

• an organization owned by many people but treated by law as though it is a person

• an organization owned by many people but without the rights of a person

• An organization that sells more than $1million in products each year

• An organization run by an American or multiple Americans

Why do corporations issue stock?

• to raise money

• to advertise their products

• to squash competition

• corporations cannot issue stock