Chapter 24 Rise Of Industry 1 Question Preview (ID: 36113)
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What took over much of the work that could be done by hand?
a) machines
b) Slaves
c) Immigrants
d) All are true.
What prompted the growth of new industries?
a) new inventions and improved technology
b) increased number of people willing to work
c) new factories
d) None are true.
Why was steel a better product for making railroads?
a) It was stronger and would last longer.
b) People used steel for everything.
c) It looked better.
d) All are true.
At the beginning, what was the problems with steel?
a) It was difficult and costly to make
b) It was smelly and heavy.
c) People didn’t know what to do with it.
d) None are true.
How did Carnegie remain the leader in the steel industry?
a) He hired scientists to improve the quality of his company's steel.
b) He teamed up with Thomas Edison.
c) He learned a less expensive way to make steel.
d) All are true.
What happened when Edison and his team turned on the generator in NYC?
a) Electricity began to flow into homes, stores, and factories.
b) They threw him a party.
c) he electricity went out in NYC.
d) None are true.
What idea did Factory owners adopt form Eli Whitney?
a) Assembling a wide variety of products form interchangeable parts.
b) The telephone.
c) The light bulb.
d) All are true.
What were the benefits from using the assembly-line process?
a) they could produced more that cost less
b) it was easier to fix
c) workers became expendable
d) None are true.
What happened to the number to the number of people and factories as prices dropped?
a) they increased
b) they decreased
c) they left
d) All are true.
What is a corporation?
a) a business that is owned by many investors
b) a company that controls all production and sales of a particular product or service
c) a group of corporations that unite in order to reduce competition and control process in a business or an industry
d) None are true.
What is a trust?
a) a group of corporations that unite in order to reduce competition and control process in a business or an industry
b) a company that controls all production and sales of a particular product or service
c) a business that is owned by many investors
d) All are true.
What is a monopoly?
a) a company that controls all production and sales of a particular product or service
b) a group of corporations that unite in order to reduce competition and control process in a business or an industry
c) a business that is owned by many investors
d) None are true.
Who are stockholders and what do they hope to receive?
a) Investors who buy stock and receive dividends.
b) None of the above.
c) Owners of the business who hope to become rich.
d) All are true.
What are dividends?
a) A share of the corporation's profits.
b) Debts paid to factory owners.
c) Stockholders who invest in businesses.
d) None are true.
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