Ch 12 Industrialization plus Ch 10 Reconstruction review

Who is an entrepreneur?

• a person who works to establish an industrialized union

• a person who risks their capital in organizing and running a business

• a person who invests in the stock market

• a person who risks their insurance to buy acres of land for a new home

Which conclusion is most clearly supported by the information in the Map?

• Western railroads generated little profit for their owners

• The belief in Laissez Faire prevented the federal governments from helping railroads

• The Federal government promoted transcontinental railroad construction

• The majority of railroads were in the Southwest

What was the main goal of the Sherman Antitrust Act?

• To provide railroad shippers with more power

• To help Carnegie produce steel cheaper and faster

• To eliminate companies that formed monopolies

• To help freedmen escape Jim Crow laws in the South

Why were monopolies bad for the Americans?

• They increased the number of members in the government

• They allowed children to work under safe conditions

• They allowed Americans to have access to real word games

• They reduced competition and increased consumer prices on goods

What is Laissez Faire?

• balanced government intervention

• limited government intervention

• maximum government intervention

• neutral government intervention

What was a result of the transcontinental railroad?

• the population increased in the west

• the population decreased in the northeast

• The production of coal decreased

• The production of steel increased in the douth

True or False: During Industrialization, the federal government promoted transcontinental railroad construction.

• True

• False

The creation of standard time zones, new methods of business, and the growth of cities shows the impact of...

• the labor movement on the nation

• the oil industry in increasing American power in the world

• Railroads on the development of the United States

• rural reformers

Some owners of big business were called "robber barons" because they became rich by ...

• getting educated

• marketing

• forming unions

• cheating

Which of the following would John D. Rockefeller, Andrew Carnegie, and JP Morgan

all agree too?

• Wealth and resources should always be shared

• Eliminate competition and form monopolies

• Unions deserve fair wages and good working conditions

• The only thing that matters is equality