Economic Developments: Surges in Growth

Question 1

Name 3 monopolies present before the Progressive Era which helped the economy to grow

Answer 1

Vanderbilts Railroads, Rockefellers Oil Trust, Carnegie’s Steel Company

Question 2

How did mass immigration help continuous surges in economic growth?

Answer 2

Because immigrants could be used for cheap labor

Question 3

What was the case for USA imports in the 1890s?

Answer 3

They imported more than they produced

Question 4

How many waves of economic growth in the USA were there from 1895-1913?

Answer 4

2

Question 5

When did the first wave of economic growth from 1895-1913 last from?

Answer 5

1895-1900

Question 6

How much percentage growth in American Manufactured Goods was there from 1895-1900?

Answer 6

90% growth

Question 7

When did the second wave of economic growth from 1895-1913 last from?

Answer 7

1905-1913

Question 8

How much percentage growth in American Manufactured Goods was there from 1905-1913?

Answer 8

77%

Question 9

What was the situation for imports and exports by 1913 for the USA?

Answer 9

They had become a net exporter rather than a net importer

Question 10

What was significant about the value of the New York Stock Market by 1900?

Answer 10

It had become the 2nd most valuable stock market in the world