3.1 Vocabulary -AICE US History

What was the primary effect of industrialization in the U.S. economy during the late 19th century?

• Decrease in technological innovation

• Increase in agricultural productivity

• Transformation through large-scale manufacturing

• Reduction in economic expansion

What role did the Federal Government play in the U.S. economy during the late 19th century?

• Strict economic regulation

• Encouragement of industrial growth

• Reduction of technological innovation

• Limitation of manufacturing

What was the purpose of the Greenbacks issued during the Civil War?

• To reduce inflation

• To fund the government

• To increase agricultural productivity

• To regulate state legislatures

What did the Homestead Act of 1862 provide to settlers?

• Free transportation

• Free land

• Free education

• Free housing

How did railroads contribute to industrialization in the U.S.?

• By increasing freight costs

• By limiting access to markets

• By providing access to raw materials

• By reducing agricultural productivity

What is the Bessemer Process known for?

• Increasing the cost of steel production

• Reducing costs and increasing efficiency in steel production

• Making steel production more labor-intensive

• Decreasing the quality of steel

What is the purpose of protective tariffs?

• To make domestic goods cheaper

• To encourage the purchase of foreign goods

• To make foreign products more expensive

• To reduce taxes on imported goods

What are trusts used for in business?

• To increase competition

• To manage property or shares collectively

• To reduce company profits

• To encourage small businesses

Who were the Robber Barons?

• Farmers who opposed industrialization

• Wealthy industrialists known for monopolistic practices

• Politicians advocating for free trade

• Inventors who patented new technologies

What is a monopoly?

• A type of government regulation

• Exclusive control of an industry by a single entity

• A partnership between multiple companies

• A legal protection for inventors