2.0 Unit Assessment Review

Which statement best defines capitalism?

• an economic system where the government controls business operations

• an economic system where the government owns and operates resources and industries

• an economic system where individuals control industry, and the government controls public services

• an economic system where individuals and businesses own and operate resources and industries

Which farming technology made planting faster and more efficient?

• Internal combustion engine

• McCormick reaper and seed drills

• Steam plow

• Horse-drawn plow

Which scientific advance reduced nutrient depletion and improved soil quality?

• Selective breeding in animals

• Irrigation and terracing

• Crop rotation

• Use of tractors

Which of the following is a feature of laissez-faire capitalism?

• The government makes major economic decisions for businesses

• Businesses are free to innovate and create new products

• It solves problems such as monopolies and child labor

• The government directs most entrepreneurship

After the Civil War, the Northern economy was ______, while the Southern economy was ______.

• weak; booming

• strong; devastated

• poor; strong

• devastated; equal

How did Henry Bessemer contribute to industrialization?

• He invented the assembly line.

• He developed an inexpensive method for mass-producing steel.

• He opened dozens of steel mills.

• He became known as the Father of American Steel.

Which “captain of industry” dominated the oil industry?

• Cornelius Vanderbilt

• Andrew Carnegie

• John D. Rockefeller

• J.P. Morgan

Which money system did the U.S. adopt after the Civil War debate over currency?

• Bimetallism

• Gold standard

• Silver standard

• Trimettalism

How did Madam C.J. Walker become the first self-made Black female millionaire in the U.S.?

• By building a clothing business

• By building a hair care product business

• By building a makeup empire

• By building a cleaning product empire

Which city experienced the greatest population growth between 1890 and 1930?

• Chicago

• Los Angeles

• New York

• Boston