Quiz Deck 2_Industrial Revolution and Inventions

Who were the owners of Standard Oil?

• JD Rockefeller & Henry Flagler

• Andrew Carnegie & J.P. Morgan

• Thomas Edison & Nikola Tesla

• Cornelius Vanderbilt & John D. Rockefeller

Inventor of the sleeping car in 1859

• George Pullman

• Thomas Edison

• Henry Ford

• Andrew Carnegie

Tariffs

• Taxes on foreign imports that protected American manufacturing from foreign competition

• Subsidies given to domestic producers to lower prices

• Regulations that limit the amount of foreign goods sold in the U.S.

• Trade agreements that eliminate tariffs between countries

How did government help or hinder industrialization?

• Government policies and support played a crucial role in facilitating economic development and growth.

• Government intervention always hindered industrial growth.

• Government policies had no impact on industrialization.

• Government only supported small businesses, not industrialization.

Anarchism

• - No government

• - A strong central authority

• - Mandatory laws for all

• - A system of checks and balances

Economic Stimulus Provided By Civil War

• Northern manufacturing doubled during the Civil War.

• Southern agriculture thrived during the Civil War.

• Trade with Europe increased significantly during the Civil War.

• The economy remained stagnant throughout the Civil War.

Eugene Debs

• An American socialist and political activist who was a five-time candidate for President of the United States.

• A famous American author known for his novels about the American Dream.

• A prominent military leader during the American Civil War.

• The founder of the Republican Party in the United States.

Inventor of the automobile

• Karl Benz

• Henry Ford

• Gottlieb Daimler

• Rudolf Diesel

Impact of railroads on markets

• Created national markets for goods

• Increased local markets only

• Decreased transportation efficiency

• Limited access to remote areas

Inventor of the refrigerated railroad car

• Gustavus Swift

• Thomas Edison

• Henry Ford

• George Westinghouse