Galiyas History 9 - Chapter 12 Test (B)

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Large corporations with high operating costs found it difficult to compete against small businesses, and many were forced out of business.

Prices of many products increased as the United States became an industrial nation.

Business pools would break apart when one member cut prices to steal market share from another.

Department stores began to open up in the 1800s, and changed the idea of shopping by bringing together a huge array of different products in a large, elegant building.

The Constitution bans states from imposing tariffs, helping goods flow freely around the country.

Laissez-faire advocates support high tariffs.

Issuing stock to stockholders allows a corporation to raise large amounts of money for big projects while spreading out the financial risk.

Andrew Carnegie founded a steel company in Pittsburgh, Pennsylvania, in 1875.