C12.1 Rise of Industry Quiz

What was one of the key factors for industrial success according to the document?

• Technological advancements

• Abundance of natural resources

• Government policies

• International trade

What is one example of a factor that contributed to a large workforce in America?

• Natural resources

• Immigration

• Technological advancements

• Government policies

What did the government do to support the free enterprise system?

• Increased taxes and spending

• Nationalized industries

• Kept taxes and spending low

• Imposed strict regulations

What is one belief associated with America's laissez-faire policy?

• The government should control the economy

• The government should not interfere in the economy

• The government should set prices for goods

• The government should own all businesses

What does the term "laissez-faire" imply about government intervention?

• High intervention

• Moderate intervention

• Minimal intervention

• Complete control

Which of the following is NOT a characteristic of the free enterprise system mentioned in the text?

• Industry flourished

• Government control of businesses

• Based on supply and demand

• Low taxes and spending

Which of the following is NOT a principle of laissez-faire?

• Government should play a minimal role in the economy

• Government regulation increases costs and taxes

• Government should control the economy

• Let people do as they choose

Laissez-Faire literally translates to:

• Let them do

• Let it be
• Let it go

• Let happen