History quiz Nov 22 2024

Question 1

What is the major industry of New York/New England?

Answer 1

Railroad

Question 2

What is the major industry of Chicago?

Answer 2

Meatpacking

Question 3

What is the major industry of Detriot?

Answer 3

Automobiles

Question 4

What is the major industry of Pittsburg?

Answer 4

Steel

Question 5

What is the major industry of New York City/nationwide?

Answer 5

Textiles (cloth)

Question 6

What is the major industry of Cleveland?

Answer 6

Oil

Question 7

Define Mass Consumption

Answer 7

Customers can BUY exactly the same product, at the same time, in large quantities

Question 8

Define Philanthropy

Answer 8

Donating time, money, resources, and expertise to charities and the community to improve society

Question 9

Define Mass production

Answer 9

When factories PRODUCE exactly the same product, identically and efficiently in large quantities.

Question 10

Define Monoply

Answer 10

When one company becomes so powerful and influential that they eliminate all other competitors, becoming the only option left in an industry.

Question 11

Define National Market

Answer 11

Ability to buy and sell goods all across the country due to mail order catalogues and the extensive railroad network.

Question 12

Who is Alexander Gramham Bell?

Answer 12

He Invented the telephone and improved nationwide/global communication

Question 13

Who is Andrew Carneige?

Answer 13

Leader of the Steel Industry. Founded US Steel and was known for his philanthropy despite the poor working conditions in the steel mills.

Question 14

Who is Thomas Edison?

Answer 14

He Invented the electric light bulb. Electricity was used to light factories and city streets, improving safety and allowing production to go all through the night.

Question 15

Who is Henry Ford?

Answer 15

King of the Automobile. Credit for using the assembly line to increase production of his famous Model-T. Made cars more affordable to average Americans.

Question 16

Who is Cornelius Vanderbilt?

Answer 16

Railroad and Shipping Industry Leader. Connected America and helped create the national market through extensive rail routes. Created a monopoly and raised prices unfairly.

Question 17

Who is John D. Rockefeller?

Answer 17

Created a monopoly of the Oil Industry. Founded Standard Oil and became one of America’s first millionaires. His fuel powered railroads and factories across the country.

Question 18

Define Laissez Faire

Answer 18

To take hands off approach

Question 19

Define Capitalism

Answer 19

Consists of a private ownership of property and business,causes competition in business,the way America runs its economic sector.

Question 20

Define Free market economy

Answer 20

If the supply is low and the demand is high

Question 21

Define industrialization

Answer 21

The process of changing factory based economy