AH Quarter 1 Exam Review

Which invention increased the country’s natural resource base and fueled industrial growth?

• The telegraph
• The oil drill
• The light bulb
• The steel skyscraper

How did laissez-faire policies encourage economic growth in the late 1800s?

• They allowed entrepreneurs to open businesses with little regulation.
• They limited patents for inventions.
• They taxed imported goods to protect farmers.
• They subsidized European manufacturers.

What was one major effect of the Industrial Revolution in the United States?

• More imported goods
• Higher prices
• The cost of goods decreased due to mass production
• Decline of railroads

What was one consequence of the Chinese Exclusion Act of 1882?

• The number of Chinese immigrants dropped greatly
• Many Chinese immigrants became citizens
• Major rail projects stopped
• Ranches in California expanded

Based on Jacob Riis’s quote in How the Other Half Lives, why did he write about urban tenements?

• To encourage public discussion of poverty in cities
• To promote city migration
• To defend landlords
• To support industrialization

What is one advantage of forming a corporation?

• It gives one person control of an industry.
• It limits investors’ financial risk.
• It reduces competition.
• It prevents stock sales.

What was the goal of a cartel?

• To keep prices high by limiting competition
• To promote fair wages
• To lower consumer costs
• To increase worker pay

Why did Andrew Carnegie and other business leaders establish universities and museums?

• To evade taxes
• To help the disadvantaged through education
• To compete with Europe
• To justify monopolies

What was true about the Interstate Commerce Commission?

• It was the first federal body to monitor business practices
• It increased railroad rates
• It focused on worker wages
• It regulated local transit systems

Business owners in the late 1800s often paid low wages because

• Workers preferred shorter hours
• Low wages kept production costs down
• Unions supported wage control
• They were required to by law