Unit 5 Flashcards
1
Q
What was one major cause of economic growth in the U.S. during the late 19th century?
A
The expansion of the railroad network.
2
Q
True or False: The Industrial Revolution had no impact on the U.S. economy.
A
False.
3
Q
Fill in the blank: The __________ Act of 1862 provided land for the construction of railroads.
A
Pacific Railway.
4
Q
Which economic system emphasizes private ownership and free markets?
A
Capitalism.
5
Q
What was the significance of the Gilded Age in U.S. economic history?
A
It marked a period of rapid industrialization and economic growth, but also significant social inequality.
