Unit 2B MC Test - Industrialization

Two of the most important factors that fueled industrialization in the United States were...?

• imports and exports
• federal investment and regulation
• natural resources and a large work force
• war and migration

Why did the government provide land grants to railroad companies?

• to save the railroad companies from financial ruin
• to encourage the expansion of railroads across the Great Plains
• to spur competition within the industry
• to receive profits back in the form of taxes

What enabled corporations to purchase new technologies?

• money raised from selling stocks
• federal grants designed to encourage investments
• foreign investors
• Reduced rates provided by technology companies

Laissez-faire economics enabled the growth of corporations by creating an environment that...?

• allowed for unhindered expansion.
• enforced strict regulations.
• rewarded those who were less risky.
• favored strong government intervention.

Holding companies differed from other businesses during the industrial age in that they did not...?

• encourage investment
• own stocks
• take any risks
• produce anything

Crédit Mobilier was a scandal involving...?

• domination of the steel-manufacturing process.
• manipulation of stock prices by holding companies.
• railroad robber barons bribing politicians.
• the use of trusts to create illegal oil monopolies.

Both communication and transportation in the late 1800s were dramatically improved with the introduction of...?

• the telegraph.
• electric power.
• the handheld camera.
• petroleum.

In a laissez-faire economy, the government should...?

• avoid interfering with the economy.
• regulate all business.
• subsidize the economy.
• discourage privatization.

Who achieved a monopoly of the oil market in the late nineteenth century?

• Andrew Carnegie
• John D. Rockefeller
• J.P. Morgan
• Jay Gould

How did the concept of interchangeable parts impact industrialization?

• It brought in wealthy investors.
• It created large corporations.
• It provided new union jobs.
• It sped up manufacturing.