Rise of Industry

Which of these describes the economic policy known as laissez faire?

• government control of business

• government protection of workers

• guidance of labor practices

• government non-interference with business

Which of these is an entrepreneur?

• a farm employee

• a city factory worker

• a government employee

• a successful business owner

How were farms affected by the growth of big business?

• Farms were bought up by factories

• New machinery resulted in increased amounts of crops

• New machinery was too expensive for farmers

• Farms were sold because of imported food

What was an important feature of industrialization?

• government owned business

• privately owned business

• machine-made products

• handmade goods

How did Thomas Edison improve the quality of life in U.S. cities?

• tenenment houses

• improved factory conditions

• inventing the telephone

• electricity

Mass production of goods affected life in the United States in all of these ways except

• more factories were built

• more people were employed

• products were more affordable

• better working conditions

What is a trust?

• a group of corporations that unite in order to reduce competition and control prices in a business or an industry

• keeping your promises

• a company that controls all production and sales of a particular product or service

• relating to the country, as opposed to the city

John D. Rockefeller was a giant in what industry?

• oil

• steel

• tobacco

• railroads

How are monopolies bad?

• they reduce prices

• increasing foreign trade

• eliminating competition

• encouraging labor disputes

Labor Unions were organized to represent the interests of

• workers

• consumers

• corporations

• entrepreneurs