Industrial Growth and Development in America

What was the total miles of railroad operating in 1870?

• 53000 miles
• 70000 miles
• 60000 miles
• 45000 miles

The lumber industry benefited from the expansion of railroads by:

• increasing transportation costs for lumber products.

• reducing the time and cost of transporting lumber to markets.

• limiting access to distant forests.

• decreasing the demand for lumber.

By 1900, how many miles of track did the US have?

• 190,000 miles
• 250,000 miles
• 150,000 miles
• 300,000 miles

The railroads were the biggest customers for the steel industry because:

• they needed steel for building tracks and trains.

• they were involved in steel production.

• they had a surplus of steel.

• they were the only industry using steel.

How did railroads increase the amount of steel being used?

• By reducing the cost of steel production

• By increasing the demand for steel tracks and trains

• By exporting steel to other countries

• By using steel in construction of stations

Oil was used for ______ in the production of steel.

• lubrication

• cooling

• fuel

• oxidation

Which product was used as a cleaner and cheaper substitute for whale oil?

• Kerosene
• Coconut oil
• Petroleum jelly
• Vegetable oil

Who was known for creating one of America's landmark corporations, Standard Oil?

• Cornelius Vanderbilt
• John D. Rockefeller
• Henry Ford
• Andrew Carnegie

What is vertical integration according to the passage?

• A strategy where a company expands its business operations into different steps on the same production path

• A method of outsourcing production to third-party companies

• A process of merging with competitors to increase market share

• A technique of reducing costs by minimizing the supply chain

A monopoly or trust is considered harmful to consumers because:

• it leads to higher prices and reduced quality of goods and services.

• it encourages competition and innovation.

• it provides more choices for consumers.

• it ensures fair distribution of resources.