Industrial Revolution

What is the economic system in the United States?

• capitalism

• communism

• socialism

• federalism

Which inventor had over 1,000 patents to his name from work done at his Menlo Park inventions factory? 

• Bell

• Edison

• Vanderbuilt

• Ford

Which invention allowed steel to made cheaply and more efficiently?

• bessemer converter

• sewing machine

• mass production

• the typewriter

The process of a company increasing production of goods or services at the same level of the value chain, in the same industry (standard oil).

• horizontal integration

• vertical integration

• free enterprise

• buying stocks

What was the immediate result of Henry Ford's use of the assembly line?

• mass production of cars

• vertical integration

• fighting in the factories

• more car options

Why was the Northeast the heart of American industry from 1860-1910?

• water ways and natural resources

• plantations

• railroads

• free labor

What is the highest form of business which can sells shares of stocks?

• corporation

• proprietorship

• partnership

• monopoly

Abundant natural resources, improved transportation, increased immigration and money

all led to the growth of .....

• railroads

• population

• industries

• monopolies

How did the steel industry help the nation’s economic growth?

• it was better than iron for building machines and railroads

• it was found in the ground many places in the United States

Railroad companies consolidated by....

• pooling

• buying up smaller railroads

• giving away land

• trading stocks