Industrialization Quiz 2

The Effects of the Railroads on America include all of the following EXEPT

• Time Zones

• New Industries

• Decreased Employment

• Faster Transportation

Corporations Maximize Profits in all of the following ways EXCEPT

• Advertising

• Cheap Labor

• Monopolies

• Increased Cost of Raw Materials

Why did factory owners hire immigrants?

• It was difficult for them to unionize

• They worked for low wages

• They offered new ideas to entrepreneurs

• Worked long hours or they would be deported

The government's approach to business during the Industrial Period was

• Laissez-faire

• Protective Tariffs

• Share the Wealth ideals

• Horizontal Integration

Competing firms are consolidated into one business. (Used by Rockefeller)

• Protective Tariffs

• Laissez Faire

• Horizontal Integration

• Vertical Integration

Allowing the strongest and smartest people to rise to the top of business world is the idea promoted by

• Social Darwinism

• Collective Bargaining

• Philanthropy

• Socialism

What is the danger of a monopoly?

• Corporations Pay no taxes

• Shortages for consumers

• Unemployment increases

• Prices of Essential goods can be elevated

How did Industrialization impacted Agriculture?

• It led to urbanization

• It led to increased interest in farming

• Crop production decreased

• It led to the transcontinental railroad

Monopolization, Social Darwinism and negative working conditions caused industrialists to become known as:

• Socialists

• Captains of Industry

• Robber Barons

• Philanthropists

Who were the wealthy class that began to build their own factories in Europe during the Industrial Era?

• Peasants

• Proletariat

• Second Estate

• Bourgeoise