#1
Which industry played a significant role in the economic transformations of 19th century America?
Textile
Automotive
Information Technology
Pharmaceutical
#2
Which economic philosophy influenced the laissez-faire approach during the 19th century industrialization?
Socialism
Mercantilism
Communism
Capitalism
#3
What was the purpose of the Homestead Act of 1862 during the 19th century in the United States?
To promote the development of suburban communities
To encourage settlement and farming in the West
To regulate working conditions in factories
To establish labor unions
#4
What was the main goal of the Sherman Antitrust Act of 1890 in the United States?
To promote the growth of large corporations
To regulate trade unions
To prevent monopolistic practices and encourage fair competition
To abolish private property
#5
Which innovation played a crucial role in the mass production of goods in the late 19th century?
Electricity
Assembly line
Telegraph
Cotton gin
#6
Who is often considered the father of the American industrial revolution?
Thomas Jefferson
Alexander Hamilton
Andrew Jackson
Benjamin Franklin
#7
What was the main cause of the population shift from rural to urban areas during the 19th century industrialization in America?
Increased agricultural opportunities
Technological unemployment
Rapid industrialization and job opportunities
Government incentives for urban living
#8
What was the significance of the Transcontinental Railroad in the 19th century American economy?
It facilitated faster communication
It connected the East and West coasts, boosting trade and transportation
It promoted agriculture in the Midwest
It accelerated the decline of railroads
#9
Who wrote the influential book 'The Wealth of Nations,' which laid the groundwork for economic theories supporting industrialization?
Karl Marx
Adam Smith
John Maynard Keynes
Thomas Malthus
#10
Which economic crisis in the late 19th century had a profound impact on the American economy, leading to unemployment and social unrest?
The Panic of 1837
The Panic of 1873
The Panic of 1893
The Panic of 1907
#11
What role did the federal government play in regulating business practices during the late 19th century?
Strict regulation to protect consumers
Limited intervention, promoting laissez-faire policies
Nationalization of major industries
Establishing monopolies
#12
Which technological innovation played a crucial role in the expansion of railroads during the 19th century in the United States?
Telegraph
Steam engine
Cotton gin
Assembly line
#13
What impact did the Gold Rush of 1849 have on the American economy?
It led to economic stagnation
It caused widespread unemployment
It stimulated economic growth and population migration
It resulted in the decline of industrialization
#14
What role did women play in the workforce during the 19th century industrialization in the United States?
Limited to domestic roles
Active participants in various industries
Banned from working outside the home
Only allowed in the textile industry
#15
Which economic concept describes the situation where one company dominates an entire industry?
Oligopoly
Monopoly
Perfect competition
Cartel
#16
Which labor union, formed in 1869, played a key role in advocating for workers' rights during the 19th century?
American Federation of Labor (AFL)
Knights of Labor
Congress of Industrial Organizations (CIO)
International Workers of the World (IWW)
#17
How did the development of new technologies, such as the Bessemer process, impact the steel industry in the 19th century?
It led to a decline in steel production
It increased efficiency and lowered production costs
It had no significant impact on the industry
It caused environmental concerns