15 Questions
What period marked the transformation from craft production to mass production in the United States?
The Second Industrial Revolution
What was the result of the rise of American factories during the Second Industrial Revolution?
American wages, wealth, capital, and GDP all rose at the fastest rate
Who is credited with patenting an inexpensive way to process steel in 1855?
Henry Bessemer
What was the result of the Bessemer steel process?
The mechanization of industry
What change occurred in the labor force as a result of the Bessemer steel process?
Factories were staffed by masses of unskilled laborers
What was the next important step in America's manufacturing transformation after the Bessemer steel process?
A distinct new style of management
Why was Henry Bessemer's invention crucial to the Second Industrial Revolution?
It allowed for the mechanization of industry
What was a significant innovation in large enterprises starting from the 1870s?
Creation of bureaucracies with a systematic chain of command
What was Frederick Taylor's goal in applying scientific and industrial concepts to factory work?
To make human workers more efficient
What was a consequence of scientific management, according to the text?
Increased friction between management and labor
Since the early 19th century, how has the U.S. Supreme Court treated corporations?
As individuals with all rights and limitations
What is an example of a simple monopoly, according to the text?
A single gas station with no competitors
What is horizontal integration, as described in the text?
A practice of buying out or running out of business competitors
What is a key characteristic of a vertical monopoly, as described in the text?
Elimination of middle men and retention of profits within the corporation
What is the purpose of a trust, as described in the text?
To oversee the operations of multiple corporations
Quiz on the transformation of industry in the US during the Second Industrial Revolution, marked by mass production and growth of American factories, wealth, and GDP. Learn about the era that saw rapid industrialization and economic growth in the US. Test your knowledge of this pivotal period in American history.
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