World History Chapter 5 Industrialization Test 2017 PART TWO Question Preview (ID: 39867)


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Economics of scale resulted in
a) a wider variety of products
b) lower costs and higher prices
c) higher costs and higher prices
d) lower costs and increased production

Supporters of laissez-faire believed the government should interfere in the economy only to
a) protect property rights and maintain peace
b) protect new domestic businesses from foreign competition
c) keep prices from rising too much
d) bring the country out of economic crisis

To make rail service more reliable, in 1883 the American Railway Association
a) set standards for materials used in the construction of railroad lines
b) set a maximum number of cars that a train could pull
c) drew latitude and longitude lines for the country
d) divided the country into standardized time zones

In the Credit Mobilier scandal, Union Pacific investors got rich by
a) accepting bribes from business owners to route railroad tracks through their towns
b) achieving a monopoly in hauling freight along their railroad's tracks
c) paying inflated bills from a construction company that they controlled
d) conspiring with other railroads to set high prices

Issuing stock allows a corporation to raise large amounts of money for big projects while
a) decreasing fixed costs
b) spreading out the financial risk
c) cutting prices to increase sales
d) lending money to investors

What is one advantage that big corporations had over small businesses?
a) The could produce goods more cheaply and efficiently
b) they had higher operating costs
c) Their products were more expensive
d) They were funded by the federal government

In contrast to department stores, which offered many services, chain stores focuses on offering
a) low prices
b) more fashionable goods
c) mail order catalogs
d) an elegant atmosphere

When a union called a strike, employers would often hire replacements, called
a) lockouts
b) strikebreakers
c) blacklists
d) troublemakers

Which of the following is NOT a factor that led to the increase of unions in the late 1800s?
a) concern for working conditions
b) concern for higher wages
c) concern for job security
d) economic challenges such as inflation

Which of the following is NOT a cause of industrialization during the late 1800s?
a) abundance of natural resources
b) cheap immigrant labor force
c) shortage of natural resources
d) national transportation and communication network

Which of the following is NOT a cause of the growth of big business during the late 1800s?
a) laissez-faire business practices
b) pools, trusts, holding companies, and monopolies
c) practices of some big businesses did not limit competition
d) small businesses could not compete with economies of scale of larger businesses

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