Economic Understandings

1.      How did price incentives motivate cowboys to drive their cattle all the way up to Kansas?

• The cows were worth more money if they got lots of exercise so they drove them up to Kansas for exerci

•   Less cattle were raised on the east coast, so if they could get the cattle to east coast by railroad, they could sell them for more mone

• Less cattle were raised on the east coast, so if they could get the cattle to east coast by railroad, they could sell them for more money.

• The cows were worth more money if they got lots of exercise so they drove them up to Kansas for exercise.

  How did specialization in steel production help improve the standard of living in Pittsburgh in the late 1800’s and early 1900’s?

•   Pittsburgh struggled to pay their workers because they specialized only in steel production.

•   Pittsburgh specialized in steel and as a result most of the other businesses in Pittsburgh went out of business.

• Pittsburgh became the best at producing steel so its factories became very successful and many people moved to Pittsburgh to find jobs and a higher standard of living

• Pittsburgh did not specialize in steel production, so it was not affected.

Which of the following best explains specialization?

• Specialization is trying to become good at many different things, so that you can be the best at everything.

•   Specialization is when a city feels very special because of their outstanding performance in business.

• Specialization is when a city has sales in all the stores in the city and there are many “specials” going on in each store.

• Specialization is when you focus at doing one thing really well, so that you can be the best at that one thing.

In supply and demand, supply means

• the amount of money people want to spend

• The same as demand

• something you give people before they ask for it

• the amount of something that people want to sell

What letter correctly shows the location of the Wright Brothers first flight at Kitty Hawk?

• A

• B

• C

• D

The image below is showing what man-made location?

• Great Western Trail

• Chilsholm Trail

• Kitty Hawk

• Transcontinental Railroad

Pittsburgh is located on the banks of three rivers.  How did this impact its growth as a center of steel production?

• They used the water to cool off from the hot steel mills.

• The rivers provided transportation for supplies and finished steel.

•   Rivers had nothing to do with Pittsburgh’s growth.

• Water is an important part of the steel making process.

What letter shows the location of Pittsburgh, PA?

• A

• B

• C

• D

What letter shows the location of Chicago, IL?

• A

• B

• C

• D

The image below shows railroads in the United States.  Inside of the box is the Chicago area.  Why do you think Chicago became an important center of business?

• Chicago was close to the center of the United States.

•   Chicago was close to a lake, so it had lots of water.

• Many railroads ended in Chicago, this made transportation of goods in and out of Chicago easy.

• Chicago never became an important center of business