AIR TEST PRACTICE: Industrialization Unit 4

What is the term for the transformation of the U.S. economy from agrarian to an increasingly urban industrial society?

• Urbanization

• Agrarian society

• Industrialization

• Capitalism/Free Enterprise

What was the main factor stimulating the industrialization of the United States?

• Urbanization

• Agrarian society

• Industrialization

• Capitalism/Free Enterprise

What is the term for the movement of people from rural areas to cities?

• Urbanization

• Agrarian society

• Industrialization

• Capitalism/Free Enterprise

What is the economic system in which capital (money) is controlled by individuals?

• Urbanization

• Agrarian society

• Industrialization

• Capitalism/Free Enterprise

Who are the owners who use their wealth to try to create more wealth in the capitalist system?

• Capitalists

• Workers

• Investors

• Consumers

What is a corporation?

• A company owned by individuals or partners

• A company chartered by a state and recognized as a separate entity

• A company that issues shares to investors

• A company that can be held responsible for losses

What advantage did the corporate form of business provide?

• Ability to obtain vast sums of money through stock sales

• Ability to borrow money easily

• Ability to produce goods more cheaply

• Ability to expand rapidly after the Civil War

What role did steel play in America's industrial growth?

• It provided cheap energy sources for industrialization

• It stimulated economic change through technological advances

• It became a major industry due to technological advances

• It increased steel production from 1.25 million to 10 million tons per year

How did railroads contribute to the nation's industrialization?

• They connected the east and west coasts of the country

• They brought people from the east to the frontier

• They facilitated the transportation of food and goods

• All of the above

What impact did the growth of railroads have on iron mills?

• It caused iron mills to grow quickly into major enterprises

• It created a national market for manufactured goods

• It increased the demand for iron rails

• All of the above