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World History Chapter 5 Industrialization Test 2017 PART TWO
Test Description: Test Review
Instructions: Answer all questions to get your test result.
1) Economics of scale resulted in
A
lower costs and increased production
B
lower costs and higher prices
C
higher costs and higher prices
D
a wider variety of products
2) Supporters of laissez-faire believed the government should interfere in the economy only to
A
protect new domestic businesses from foreign competition
B
keep prices from rising too much
C
protect property rights and maintain peace
D
bring the country out of economic crisis
3) To make rail service more reliable, in 1883 the American Railway Association
A
divided the country into standardized time zones
B
set standards for materials used in the construction of railroad lines
C
drew latitude and longitude lines for the country
D
set a maximum number of cars that a train could pull
4) In the Credit Mobilier scandal, Union Pacific investors got rich by
A
achieving a monopoly in hauling freight along their railroad's tracks
B
accepting bribes from business owners to route railroad tracks through their towns
C
paying inflated bills from a construction company that they controlled
D
conspiring with other railroads to set high prices
5) Issuing stock allows a corporation to raise large amounts of money for big projects while
A
decreasing fixed costs
B
lending money to investors
C
spreading out the financial risk
D
cutting prices to increase sales
6) What is one advantage that big corporations had over small businesses?
A
The could produce goods more cheaply and efficiently
B
They were funded by the federal government
C
they had higher operating costs
D
Their products were more expensive
7) In contrast to department stores, which offered many services, chain stores focuses on offering
A
more fashionable goods
B
mail order catalogs
C
low prices
D
an elegant atmosphere
8) When a union called a strike, employers would often hire replacements, called
A
strikebreakers
B
troublemakers
C
lockouts
D
blacklists
9) Which of the following is NOT a factor that led to the increase of unions in the late 1800s?
A
economic challenges such as inflation
B
concern for higher wages
C
concern for working conditions
D
concern for job security
10) Which of the following is NOT a cause of industrialization during the late 1800s?
A
national transportation and communication network
B
abundance of natural resources
C
shortage of natural resources
D
cheap immigrant labor force
11) Which of the following is NOT a cause of the growth of big business during the late 1800s?
A
small businesses could not compete with economies of scale of larger businesses
B
pools, trusts, holding companies, and monopolies
C
practices of some big businesses did not limit competition
D
laissez-faire business practices
*select an answer for all questions
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