Big Business Quiz Review

Before the Civil War, the U.S. economy was based on ______________.

• manufactured goods

• agriculture

• factories

• Minecraft

After the Civil War, the U.S. economy was based on ________________.

• agriculture

• manufactured goods

• railroads

• mining

What raw good is used to produce cereal?

• iron ore

• bread

• wheat

• meat

Wheat is used to make which manufactured good?

• chocolate

• Sour Patch Kids

• water

• cereal

Which raw good would be used to make steak, chops, and sausages?

• cattle and hogs

• oil

• steel

• wheat

What could be a manufactured from the raw material - cattle and hogs?

• cereal

• peanut butter

• steak, chops, and sausages

• inventions

Which word means the complete control of the entire supply of goods or of a service in a certain area or market?

• industries

• inventions

• monopoly

• domination

Andrew Carnegie controlled which monopoly?

• oil

• steel

• inventions

• industry

John D. Rockefeller controlled which monopoly?

• steel

• oil

• inventions

• industry

True or False: One way industries grew was a result of farmers producing more crops because of the increase in mechanization. With this new machinery, crops were being overproduced which decreased the pricing crops were sold for. As a result, farmers didn’t make enough money and were unable to pay the mortgage on their land. Farmers lost their land and many of them moved to the cities in search of industry jobs.

• True

• False