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Questions and Answers
Which of the following was NOT a factor that helped make it easier for entrepreneurs (business owners) to get bigger in the late 1800s?
Which of the following was NOT a factor that helped make it easier for entrepreneurs (business owners) to get bigger in the late 1800s?
- Free enterprise
- Protective tariff (correct)
- A strong legal system
- Bessemer process
What is a grant by the federal government that gives the inventor the exclusive right to develop, use, and sell an invention for a set time period called?
What is a grant by the federal government that gives the inventor the exclusive right to develop, use, and sell an invention for a set time period called?
- Socialism
- Capitalism
- Communism
- Patent (correct)
Which economic system allows individuals and corporations to own/control the means of production (factories)?
Which economic system allows individuals and corporations to own/control the means of production (factories)?
- Communism
- Capitalism (correct)
- Socialism
- Protective tariff
Industrialization and free enterprise were important to every part of American life in the late 1800s. True or false?
Industrialization and free enterprise were important to every part of American life in the late 1800s. True or false?
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Which of the following terms refers to a process that revolutionized steel production and made it more efficient in the late 1800s?
Which of the following terms refers to a process that revolutionized steel production and made it more efficient in the late 1800s?
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