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block

How did John D. Rockefeller's Standard Oil grow to become a monopoly?

Select the correct answer(s).  

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It expanded by buying out and merging with other companies.

It took control of all oil production and distribution processes.

It developed a moving production line system of manufacturing.

It used vertical integration to dramatically increase its output.

none

How did access to electricity change American industry?

Select the correct answer(s).  

(0/0)

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Businesses shortened hours in reaction to electricity costs.

Enormous demand reduced the number of power plants.

Businesses and factories could stay open much later.

Rural areas could increase their crop production rates.

none

What became the heavy construction material of choice during the late-1800s?

Select the correct answer(s).  

(0/0)

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iron

titanium

copper

steel

none

Small businesses mainly needed which basic factor of production to expand?

Select the correct answer(s).  

(0/0)

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capital

land

patents

labor

none

Which of the following best describes a monopoly?

Select the correct answer(s).  

(0/0)

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a company that solely relies on manufacturing for capital

a company that attempts to buy up as much land as possible

a company that by law exists independent from its owners

a company that completely dominates a particular industry

none

How did financial backers protect their investments in inventions?

Select the correct answer(s).  

(0/0)

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They invested across all competing inventors.

They encouraged inventors to acquire patents.

They bribed government official to pass new laws.

They chose to invest in only proven commodities.

none

Which of the following best describes the process of horizontal integration?

Select the correct answer(s).  

(0/0)

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taking control of each step in product production and distribution

oining together as many firms from the same industry as possible

patenting all related technologies and inventions across an industry

improving worker productivity through mass-production techniques

none

Which of the following was an impact of the Bessemer process?

Select the correct answer(s).  

(0/0)

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It reduced the cost of drilling for oil from offshore sources.

It increased speed by which telegraphs moved across lines.

It allowed steel to be produced far more cheaply and quickly.

It improved the rate of electricity generation in power plants.

none

The principle of laissez-faire promotes what economic policy?

Select the correct answer(s).  

(0/0)

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supporting vertical integration practices

regulating businesses through government

creating a self-regulating marketplace

encouraging horizontal integration practices

none

What invention by Samuel Morse revolutionized long-distance communication?

Select the correct answer(s).  

(0/0)

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post system

signal flare

telephone

telegraph

none

The economic system where assets are privately owned rather than government controlled is known as

Select the correct answer(s).  

(0/0)

---

populism

capitalism

socialism

communism

none

What natural resource took on a rapidly growing role in the industrial age?

Select the correct answer(s).  

(0/0)

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wood

silver

coal

oil

none

What became the major factor emphasized by factories in the industrial age?

Select the correct answer(s).  

(0/0)

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reducing costs

skilled workforce

productivity

education

none

What American inventor was responsible for the creation of the telephone?

Select the correct answer(s).  

(0/0)

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Thomas Edison

Henry Bessemer

Alexander Graham Bell

Samuel Morse

none

Which of the following best describes the process of vertical integration?

Select the correct answer(s).  

(0/0)

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patenting all related technologies and inventions across an industry

joining together as many firms from the same industry as possible

taking control of each step in product production and distribution

improving worker productivity through mass-production techniques