1.
Industrial growth was made possible by all of the following EXCEPT
Correct Answer
A. Strict government laws and regulations
Explanation
Industrial growth was made possible by abundant natural resources, a large labor force, and the development of the railroad. Strict government laws and regulations, on the other hand, can often hinder industrial growth by imposing restrictions and limitations on businesses. These laws and regulations may include environmental regulations, labor laws, and tax policies that can increase costs and reduce flexibility for businesses. Therefore, the absence of strict government laws and regulations would actually facilitate industrial growth by allowing businesses to operate more freely and efficiently.
2.
Mass production is a term that can be best defined as
Correct Answer
B. Manufacture of large quantities of a product quickly and cheaply
Explanation
Mass production refers to the process of manufacturing a large quantity of a product in a short period of time and at a low cost. This method involves the use of specialized machinery and assembly lines to streamline production and increase efficiency. By producing goods in bulk, companies can take advantage of economies of scale, reducing the cost per unit and making the product more affordable for consumers. This approach revolutionized the manufacturing industry and allowed for the widespread availability of affordable goods.
3.
How did the increase in factories likely affect the prices of goods?
Correct Answer
A. The prices went down
Explanation
The increase in factories likely affected the prices of goods by causing them to go down. This is because an increase in factories leads to an increase in production, which results in a higher supply of goods in the market. With a higher supply, the competition among sellers increases, causing prices to decrease in order to attract customers. Additionally, the economies of scale achieved through increased production in factories can also contribute to lower production costs, leading to lower prices for consumers.
4.
How did the railroad fuel the growth of industrialization in the US?
Correct Answer
D. Both "B" and "C" are correct
Explanation
The railroad fueled the growth of industrialization in the US by enabling the transportation of raw materials from the west to the factories in the east. This allowed for a more efficient and faster supply of raw materials, which in turn increased industrial production. Additionally, the railroad facilitated the shipment of manufactured products throughout the nation more quickly, expanding the market reach and boosting economic growth. Therefore, both options "B" and "C" are correct as they highlight different aspects of how the railroad contributed to industrialization.
5.
Many children worked in factories rather than attend school in the late 1800s because
Correct Answer
B. Families needed money to survive
Explanation
During the late 1800s, many children worked in factories instead of attending school because their families needed money to survive. This suggests that these families were facing financial difficulties and relied on the income generated by their children's labor to meet their basic needs. The high wages offered by the factories provided a means for these families to earn the necessary income to support themselves, making it a compelling reason for children to work rather than receive an education.
6.
The formation of labor unions in the late 1800s was mainly a response to
Correct Answer
D. Poor working conditions and low wages in many industries
Explanation
The formation of labor unions in the late 1800s was mainly a response to poor working conditions and low wages in many industries. This answer makes sense because labor unions were created to advocate for the rights and interests of workers. By coming together in unions, workers could negotiate for better working conditions, higher wages, and improved benefits. The poor working conditions and low wages prevalent in many industries during this time period served as a catalyst for workers to organize and fight for their rights.
7.
The tragedy at the Triangle Shirtwaist Factory of 1911 drew national attention to the need to
Correct Answer
C. Protect the safety of workers
Explanation
The tragedy at the Triangle Shirtwaist Factory in 1911 was a devastating event that resulted in the deaths of 146 workers, mostly young immigrant women. The fire at the factory was a result of unsafe working conditions, such as locked exit doors and inadequate fire safety measures. This event brought attention to the urgent need to protect the safety of workers and improve workplace conditions. The tragedy highlighted the importance of implementing regulations and safety measures to prevent similar incidents in the future.
8.
In the US, which development was a result of the other three?
Correct Answer
C. Formation of labor unions
Explanation
The formation of labor unions was a result of the other three developments. The unsanitary working conditions in factories and the unequal distribution of profits between management and workers led to dissatisfaction among the workers. This dissatisfaction eventually led them to come together and form labor unions to advocate for their rights and improve their working conditions. Additionally, the long 12-hour workday likely contributed to the workers' desire for collective bargaining power through labor unions.
9.
In the late 1800's, most strikes by unions were unsuccessful mainly because
Correct Answer
A. Government usually supported business instead of workers
Explanation
In the late 1800s, most strikes by unions were unsuccessful mainly because the government usually supported business instead of workers. This means that the government would often side with the interests of business owners and employers, rather than supporting the demands and rights of the workers who were going on strike. This lack of support from the government made it difficult for unions to successfully negotiate for better working conditions, wages, and benefits, leading to the failure of many strikes during this time period.
10.
A major result of the development of labor unions is that
Correct Answer
B. Workers have better working conditions today.
Explanation
The development of labor unions has led to better working conditions for workers today. Labor unions advocate for workers' rights and negotiate with employers on behalf of their members, resulting in improved wages, hours, and working conditions. Through collective bargaining, unions have been able to secure important benefits such as fair wages, safe working environments, and protection against unfair treatment or exploitation. This has ultimately contributed to the overall improvement of working conditions for workers across various industries.
11.
Collective bargaining allows
Correct Answer
C. Workers in unions to negotiate with employers.
Explanation
Collective bargaining refers to the process where workers, represented by a labor union, negotiate with employers to reach agreements on various aspects of their employment, such as wages, working conditions, and benefits. This allows workers in unions to have a collective voice and bargaining power, enabling them to negotiate with employers for better terms and conditions. It does not involve employers having the ability to fire workers who go on strike, nor does it directly relate to influencing the government or setting a minimum wage.
12.
According to the theory of Laissez-faire, there should be
Correct Answer
B. Minimum government regulations, if any at all.
Explanation
The theory of Laissez-faire advocates for minimal government intervention in industries. It promotes the idea that the economy should be left to operate freely without excessive regulations. According to this theory, the government should have minimal involvement and should only intervene when absolutely necessary. Therefore, the correct answer is "minimum government regulations, if any at all."
13.
What is the effect of monopolies on consumers?
Correct Answer
D. The price of goods becomes very high
Explanation
Monopolies have the effect of raising the price of goods. When a company has a monopoly, it has control over the market and can set prices as high as it wants without fear of competition. This lack of competition allows the monopoly to charge higher prices, resulting in consumers having to pay more for goods and services. As a result, monopolies can have a negative impact on consumers by making goods less affordable and reducing consumer choice.
14.
One reason John D. Rockefeller, Andrew Carnegie, and J. Pierpont Morgan were sometimes called robber barons was that they
Correct Answer
C. Used ruthless business tactics against their competitors
Explanation
John D. Rockefeller, Andrew Carnegie, and J. Pierpont Morgan were sometimes called robber barons because they used ruthless business tactics against their competitors. They were known for engaging in unfair practices such as undercutting prices, forming monopolies, and driving their competitors out of business. These tactics allowed them to amass great wealth and power, but also resulted in the exploitation of workers and stifling of competition in the market. Their actions were seen as unethical and harmful to the overall economy, hence the label "robber barons".
15.
Corporations have advantages over small businesses because they
Correct Answer
A. Can raise large amounts of capital through the sale of stock
Explanation
Corporations have advantages over small businesses because they can raise large amounts of capital through the sale of stock. This means that corporations have the ability to sell shares of their company to investors, allowing them to generate significant funds for their operations and expansion. This advantage is not available to small businesses, which often rely on personal savings, loans, or limited investments. By accessing the stock market, corporations can tap into a larger pool of potential investors and attract substantial capital to support their growth and development.
16.
In an economy that believes in capitalism and a free enterprise profits go to the
Correct Answer
B. Individual business owners
Explanation
In an economy that believes in capitalism and a free enterprise, profits go to individual business owners. This is because capitalism promotes private ownership and encourages individuals to start businesses and take risks. In this system, businesses are able to generate profits through their own efforts and are entitled to keep those profits as a reward for their entrepreneurial endeavors. This allows individual business owners to have control over their own financial success and encourages innovation and competition in the economy.
17.
Between 1865 and 1920, railroad companies contributed to the economic development of the US by
Correct Answer
B. Providing the most efficient means of transportation over long distances
Explanation
During the period between 1865 and 1920, railroad companies played a crucial role in the economic development of the US by providing the most efficient means of transportation over long distances. Railroads allowed for faster and more reliable transportation of goods and people, which facilitated trade and commerce across the country. This led to the growth of industries, expansion of markets, and increased mobility for individuals. The development of railroads also spurred the growth of towns and cities along their routes, further contributing to economic development.
18.
Which business owner controlled the Standard Oil Company?
Correct Answer
D. J.D. Rockefeller
Explanation
J.D. Rockefeller is the correct answer because he was the business owner who controlled the Standard Oil Company. Rockefeller was a prominent American industrialist and philanthropist who founded the Standard Oil Company in 1870. He built his company into the largest oil refinery in the world and controlled a significant portion of the oil industry. Rockefeller's business practices, including aggressive competition and vertical integration, allowed him to dominate the oil market and accumulate immense wealth and power.
19.
Carnegie and Rockefeller were considered philanthropists when they
Correct Answer
C. Donated millions of dollars to various charities.
Explanation
Carnegie and Rockefeller were considered philanthropists because they donated millions of dollars to various charities. This act of giving demonstrates their desire to improve society and help those in need. By contributing significant amounts of money to charitable causes, they showed their commitment to making a positive impact and giving back to the community.
20.
This individual was the highly successful leader of the American Federation of Labor (AFL).
Correct Answer
Samuel Gompers
Gompers
Explanation
Samuel Gompers was the highly successful leader of the American Federation of Labor (AFL). He played a crucial role in advancing the rights and interests of American workers during the late 19th and early 20th centuries. Gompers believed in collective bargaining and focused on improving wages, working conditions, and job security for AFL members. Under his leadership, the AFL became one of the most influential labor organizations in the United States, advocating for the rights and welfare of workers across various industries. Gompers' efforts and accomplishments solidify his position as the correct answer to this question.
21.
The name of the early labor union, which was headed by Terence Powderly, which allowed both skilled and unskilled workers to join?
Correct Answer
Knights of Labor
Explanation
The early labor union, known as the Knights of Labor, was led by Terence Powderly. This union was unique because it allowed both skilled and unskilled workers to join, which was a departure from other unions at the time that only accepted skilled workers. The Knights of Labor aimed to improve working conditions and advocated for workers' rights, including a shorter workday and an end to child labor. They also fought for equal pay for women and men. The Knights of Labor played a significant role in the labor movement of the late 19th century.
22.
A court order from a judge generally ordering a stop to a workers' strike.
Correct Answer
Injunction
Explanation
An injunction is a court order issued by a judge that typically commands a halt to a workers' strike. It is a legal remedy used to prevent or stop certain actions or behaviors. In this context, an injunction would be sought by an employer or government to stop the striking workers from continuing their strike. It is a powerful tool that can be used to maintain peace, protect rights, and resolve disputes between parties.
23.
The economy of the US is based on the belief that private citizens should own businesses and profit from the business.
Correct Answer
Capitalism
Free Enterprise System
Explanation
The correct answer is Capitalism, Free Enterprise System. This is because both capitalism and the free enterprise system emphasize the ownership of businesses by private citizens and the ability to profit from these businesses. In a capitalist economy, individuals and companies have the freedom to own and operate businesses for their own benefit. The free enterprise system allows for competition and market forces to determine prices and production. Both concepts are foundational principles of the US economy.
24.
A railroad baron, who used ruthless tactics to end business competition and consolidate railroad lines in the northeast US.
Correct Answer
Cornelius Vanderbilt
Vanderbilt
Explanation
Cornelius Vanderbilt, also known as Vanderbilt, was a railroad baron who employed ruthless tactics to eliminate business competition and merge railroad lines in the northeast US. He was known for his aggressive approach in acquiring and expanding his railroad empire, which allowed him to dominate the industry during the 19th century. Vanderbilt's actions played a significant role in consolidating and shaping the railroad landscape in the region.
25.
An adaptation of the theory of evolution, this idea states that business is like nature and that it should be viewed as the "survival of the fittest" in which those who should succeed rise to the top, while those who don't fail.
Correct Answer
Social Darwinism
Explanation
Social Darwinism is an adaptation of the theory of evolution that applies the concept of "survival of the fittest" to business. It suggests that in the business world, those who are best suited to succeed will rise to the top, while those who are not will fail. This idea views business as a natural process, similar to how nature operates, where competition and adaptation determine success or failure.