Economic Developments: Evidence of Economic Growth from 1895-1913

Question 1

How much Steel was able to be produced in 1875?

Answer 1

360,000 tons

Question 2

How much Steel was able to be produced in 1900?

Answer 2

60 million tons

Question 3

How many barrels of oil was one Oil Well in Texas able to produce a day?

Answer 3

100,000 barrels a day

Question 4

How much of the nations oil was Oklahoma able to produce by 1913?

Answer 4

25%

Question 5

What percentage of companies produced what percentage of all industrial product output by 1904?

Answer 5

4% of companies produced 57% of all US industry sectors output

Question 6

What did J.P Morgans banking company achieve in 1901?

Answer 6

They became the first billion-dollar corporation in the world

Question 7

How much did Steel Production increase from 1892-1913 as a percentage?

Answer 7

400%

Question 8

How many Ford Model T’s were produced in 1910?

Answer 8

10,000

Question 9

How many Ford Model T’s were produced in 1920?

Answer 9

1 million

Question 10

How efficient was Ford’s modern assembly line?

Answer 10

One car was finished every 10 seconds