Industrial Revolution Quiz

What was the primary focus of the Second Industrial Revolution that began in the late 19th century?

• The development of agriculture and farming techniques

• The expansion of textile manufacturing and handcrafts

• The development of steel, oil, transportation, communication, and business practices

• The exploration and colonization of new territories

Which inventor is associated with the telegraph?

• Alexander Graham Bell

• Thomas Edison

• George Westinghouse

• Samuel Morse

What economic system is characterized by private or corporate ownership of capital goods?

• Socialism

• Communism

• Capitalism

• Feudalism

Who was a key figure in the steel industry and is also known for his philanthropy?

• Henry Flagler

• Andrew Carnegie

• J. P. Morgan

• John D. Rockefeller

What term describes the combination of companies that occurs when one corporation buys out the stock of another?

• Trusts

• Vertical integration

• Horizontal integration

• Merger

Which act was passed to reduce monopolistic practices in the United States?

• The Federal Reserve Act

• The Clayton Antitrust Act

• The Sherman Antitrust Act

• The Taft-Hartley Act

What was one of the key factors that prepared the way for America's Second Industrial Revolution?

• The decline of natural resources

• A shrinking population

• The establishment of a strong banking system

• Abundant natural resources

Which invention is NOT listed as contributing to the Second Industrial Revolution?

• The sewing machine

• The telegraph

• The steam engine

• The cash register

What did the expansion of the railroads and new methods of communication create in America?

• A decrease in the national market

• A truly national market

• A localized trading system

• A decline in new ways to sell and distribute goods

What new forms of doing business emerged during the Second Industrial Revolution?

• Sole proprietorships

• Partnerships

• Corporations

• Non-profit organizations