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Industrialization in America

Industrialization in America. Chapter 9 Review. America’s industrialization depended on an abundance natural resources. Identify three of these resources. What is Water, Timber, Coal, Iron, and Copper?. This resource became important because it could be turned into kerosene.

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Industrialization in America

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  1. Industrialization in America Chapter 9 Review

  2. America’s industrialization depended on an abundance natural resources. Identify three of these resources

  3. What is Water, Timber, Coal, Iron, and Copper?

  4. This resource became important because it could be turned into kerosene.

  5. What is Petroleum?

  6. Where did the American oil industry begin?A. ClevelandB. BostonC. TexasD. Pennsylvania

  7. Answer: D Pennsylavania

  8. What were two reasons for the population growth in the U.S. between 1860 and 1910?

  9. Large families and immigration

  10. What type of economic system does the U.S. have?A. Free EnterpriseB. CommunistC. SocialistD. Democracy

  11. Answer: A; Free Enterprise

  12. What French term means to “let do”?

  13. What is laissez-faire?

  14. What are people called who risk their capital in organizing and running a business?

  15. What is an entrepreneur?

  16. Laissez faire relies on __to regulate prices and wages.A. BusinessB. GovernmentC. GNPD. Supply and Demand

  17. Answer: D; Supply and Demand

  18. During the early days of industrialization, many members of Congress believed that tariffs were necessary to A. Raise money to operate the government. B. Help new American industries compete with large established European factories. C. Raise the prices that Europeans would have to pay for American products. D. Entice European consumers to buy American products.

  19. Answer: B; to compete with European factories.

  20. Name Five new inventions that helped to increase the nation’s productive capacity.

  21. Cotton gin,telegraph,telephonephonograph,Bessemer process,incandescent lamp (light bulb),sewing machine,Steam boat,steam engine,

  22. Who was the most famous inventor of the late 1800s?

  23. Who is Thomas Edison?

  24. What two railroads built the Transcontinental Railroad?

  25. What is the Union Pacific and Central Pacific?

  26. What act passed by Congress provided for the construction of the Transcontinental railroad?

  27. What is the Pacific Railway Act?

  28. Because of the shortage of workers in California, the Pacific RR hired workers froma. Chinab. Japanc. Irelandd. Mexico

  29. Answer: A; China

  30. Who was one of the most successful railroad consolidators?

  31. Who was Cornelius Vanderbilt?

  32. The government offered each railroad company building the transcontinental railroad land along the right-of-way toA. Give railroad workers a place to live.B. Encourage rapid construction of the tracks.C. Allow the companies to build stations at important points along the way.D. Encourage the growth of towns along the tracks.

  33. Answer: B; encourage rapid construction of the tracks.

  34. To mail rail service safer and more reliable, the American Railway Association divided the country into these.

  35. What are time zones?

  36. What name was given for many entrepreneurs who were accused of acquiring their fortunes by swindling taxpayers, bribing government officials, and cheating on their contracts?

  37. What are robber barons?

  38. This scandal involved a company that was set up by several stockholders of the Union Pacific who overcharged the Union Pacific for the work it did.

  39. What is the Credit Mobilier Scandal?

  40. What is an organization owned by many people?

  41. What is a corporation?

  42. What are the people called who own the corporation?

  43. What are stockholders?

  44. What are shares of ownership called?

  45. What is stock?

  46. This is achieved when corporations make goods more cheaply because they produce so much so quickly using large manufacturing facilities.

  47. What are economies of scale?

  48. These are costs a company has to pay, whether or not it is operating. For example, loans, and taxes.

  49. What are fixed costs?

  50. These were agreements between corporations to maintain prices at a certain level.

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