What is considered to be America's first big business that helped with the development of other industries?
The railroad
The airplane
Wind Power
Copper Mining
7 answers
The railroad is considered to be America's first big business that helped with the development of other industries. The railroad industry played a crucial role in facilitating transportation, trade, and the expansion of markets across the country, impacting sectors such as manufacturing, agriculture, and commerce.
What of the following revolutionized the steel industry?
The Bessemer Process
The Switchboard
The Mail-order catalog
The Bell Company
The Bessemer Process
The Switchboard
The Mail-order catalog
The Bell Company
The Bessemer Process revolutionized the steel industry. The Bessemer Process was a method developed in the 19th century for mass-producing steel. It involved blowing air through molten iron to remove impurities and produce a purer form of steel. This process significantly reduced the cost and time required to produce steel, making it more accessible and affordable. The Bessemer Process played a critical role in the industrialization and growth of the steel industry, enabling it to meet the increasing demand for steel in various sectors such as construction, transportation, and manufacturing.
Which of the following led Americans to buy more goods? Select the two most correct answers.
Answer 1: More advertising by business to sell products
Answer 2: The ability to buy items on credit
Answer 3: More people having high-paying jobs
Answer 4: More time off from work to go shopping
Answer 5: The increase in people moving outside of city centers
Answer 1: More advertising by business to sell products
Answer 2: The ability to buy items on credit
Answer 3: More people having high-paying jobs
Answer 4: More time off from work to go shopping
Answer 5: The increase in people moving outside of city centers
The two most correct answers that led Americans to buy more goods are:
Answer 1: More advertising by business to sell products
Answer 2: The ability to buy items on credit
More advertising by businesses increases consumer awareness and desire for products, leading to increased purchases. The ability to buy items on credit allows consumers to make purchases even if they do not have the immediate funds available, thus encouraging more buying.
Answer 1: More advertising by business to sell products
Answer 2: The ability to buy items on credit
More advertising by businesses increases consumer awareness and desire for products, leading to increased purchases. The ability to buy items on credit allows consumers to make purchases even if they do not have the immediate funds available, thus encouraging more buying.
Question A1: Who is credited for using his wealth to build up the steel industry?
Answer A1A: Thomas Edison
Answer A2B: John Rockefeller
Answer A3C: Cornelius Vanderbilt
Answer A4D: Andrew Carnegie
Question B2: How did horizontal integration change the way business was done in America?
Answer B1A: Big Corporations could control the cycle of a product from creation to sale
Answer B2B: Large companies grew larger by merging with other companies or acquiring them
Answer B3C: Big companies were not allowed to destroy their smaller competition anymore
Answer B4D: business leaders could move into jobs of similar status where their skills were more of a fit
Question C3: Which of the following was the main policy of government toward big business in the late 1800s?
Answer C1A: Horizontal integration
Answer C2B: Laissez-faire
Answer C3C: Vertical integration
Answer C4D: Anti-trust laws
Question D4: What was one effect the growing railroad industry had on the country?
Answer D1A: National markets increased as goods could be sold across the country more easily
Answer D2B: Leaders in the railroad industry wanted to get low-cost materials from other countries
Answer D3C: Companies had to compete for American workers by offering well-paying jobs
Answer D4D: A larger variety of companies were able to compete in the railroad industry.
Answer A1A: Thomas Edison
Answer A2B: John Rockefeller
Answer A3C: Cornelius Vanderbilt
Answer A4D: Andrew Carnegie
Question B2: How did horizontal integration change the way business was done in America?
Answer B1A: Big Corporations could control the cycle of a product from creation to sale
Answer B2B: Large companies grew larger by merging with other companies or acquiring them
Answer B3C: Big companies were not allowed to destroy their smaller competition anymore
Answer B4D: business leaders could move into jobs of similar status where their skills were more of a fit
Question C3: Which of the following was the main policy of government toward big business in the late 1800s?
Answer C1A: Horizontal integration
Answer C2B: Laissez-faire
Answer C3C: Vertical integration
Answer C4D: Anti-trust laws
Question D4: What was one effect the growing railroad industry had on the country?
Answer D1A: National markets increased as goods could be sold across the country more easily
Answer D2B: Leaders in the railroad industry wanted to get low-cost materials from other countries
Answer D3C: Companies had to compete for American workers by offering well-paying jobs
Answer D4D: A larger variety of companies were able to compete in the railroad industry.
Answer A1D: Andrew Carnegie is credited for using his wealth to build up the steel industry.
Answer B2B: Horizontal integration changed the way business was done in America as large companies grew larger by merging with other companies or acquiring them.
Answer C3B: Laissez-faire was the main policy of the government toward big business in the late 1800s.
Answer D4A: One effect the growing railroad industry had on the country was that national markets increased as goods could be sold across the country more easily.
Answer B2B: Horizontal integration changed the way business was done in America as large companies grew larger by merging with other companies or acquiring them.
Answer C3B: Laissez-faire was the main policy of the government toward big business in the late 1800s.
Answer D4A: One effect the growing railroad industry had on the country was that national markets increased as goods could be sold across the country more easily.