The Industrial Economy Crash Course US History

The video explores the rapid industrialization of the US post-Civil War, highlighting the role of geography, demography, and law in economic growth. It discusses the impact of railroads, the rise of industrial capitalists, and the emergence of labor unions. The video also touches on social Darwinism and its influence on economic policies, drawing parallels to modern economic issues.

What was one of the key outcomes of the Civil War that contributed to American industrialization?

• Discovery of gold in California

• Expansion of the cotton industry

• Abolition of slavery

• Introduction of a national currency

Which three factors are credited with driving America's economic growth post-Civil War?

• Religion, philosophy, and art

• Politics, education, and culture

• Technology, agriculture, and trade

• Geography, demography, and law

How did railroads contribute to the standardization of time in the United States?

• By creating time zones

• By inventing the clock

• By establishing a national timekeeping system

• By synchronizing all train schedules

Who was known for creating a mail-order empire starting with watches?

• Andrew Carnegie

• Cornelius Vanderbilt

• Richard Warren Sears

• John D. Rockefeller

What term is used to describe industrial leaders who were both praised and criticized for their business practices?

• Captains of industry

• Corporate moguls

• Economic reformers

• Industrial pioneers

Which business strategy involves controlling all aspects of production from raw materials to distribution?

• Diversification

• Vertical integration

• Horizontal integration

• Monopolization

What was the primary focus of the American Federation of Labor under Samuel Gompers?

• Environmental protection

• Technological innovation

• Political reform

• Pay, hours, and safety

What was the impact of social Darwinism on societal views during industrialization?

• It justified the lack of government intervention in business

• It led to the abolition of child labor

• It promoted equal opportunities for all

• It encouraged environmental conservation

Which labor union was irreparably damaged by the Haymarket Riot?

• American Federation of Labor

• United Mine Workers

• Knights of Labor

• Industrial Workers of the World

What was a common consequence of the booms and busts during the industrial era?

• Stable employment rates

• Increased agricultural production

• Decreased immigration

• Depressions that hit the working poor hardest