Final Review Part I - 8th grade

Front

The laissez-faire economic policies of the United States during the nineteenth century led to

Back

a largely unregulated market for industry

Front

Which occurred because more foreigners immigrated to this country in the 19th century?

Back

More workers were available to work jobs in cities

Front

Define a monopoly.

Back

A company controls all or most of businesses in an industry.

Front

What is Henry Ford famous for?

Back

Made products cheaper & more available by using the assembly line

Front

What were some problems that the people in factories encountered? Low wages, long hours, dangerous

Back

Low wages, long hours, dangerous

Front

What are stocks?

Back

Parts or “shares” in a corporation

Front

What type of economic system does the United States have? Options: Communism, Monarchy, Capitalism (Free Market), Oligarchy

Back

Capitalism (Free Market)

Front

What is a Laissez-Faire economy?

Back

A market driven economy with limited government interference

Front

What is the process in which a society transforms from agriculture to manufacturing?

Back

Industrialization

Front

Reporters, journalists, photographers, and authors who used the media to raise concerns about the negative effects of industrialization were known as

Back

muckrakers