Industrialization Spreads

Fill in the blank: A corporation is a business owned by ______ who share in its profits but are not responsible for its debts.

• employees

• stockholders

• managers

• government officials

What event caused American industries to begin making many of the goods that Americans wanted?

• The Civil War

• The War of 1812

• The Revolutionary War

• The Spanish-American War

Just a few years after 1813, Massachusetts investors built even more ______.

• schools

• factories

• railroads

• bridges

What fueled the industrial growth in the United States in the late 1800s?

• Large supplies of coal, oil, and iron

• New inventions

• Railroad building

• All of the above.

The Industrial Revolution led to movements for ________.

• A) Social reform

• B) Economic growth

• C) Political stability

• D) Technological advancement

Which of the following countries faced transportation problems that held them back from industrializing?

• United States

• Spain

• Italy

• Both A and B

Businesses needed huge sums of money to do big projects, so they sold ________.

• A) Bonds

• B) Stocks

• C) Loans

• D) Shares

The Industrial Revolution allowed European countries to take advantage of lands in ________.

• A) Africa and Asia

• B) North America

• C) South America

• D) Australia

Who supported a system called capitalism along with Adam Smith?

• Karl Marx

• Thomas Malthus

• David Ricardo

• Both B and C

According to Karl Marx, what would eventually destroy the capitalist system?

• Overproduction

• Class struggle

• Technological advancement

• Government intervention