Chapter 3 Reading Guide Industrialization ( )

Size: px
Start display at page:

Download "Chapter 3 Reading Guide Industrialization ( )"

Transcription

1 Name Period Chapter 3 Reading Guide Industrialization ( ) Lesson 1, pp The Rise of Industry 1. gross national product 2. laissez-faire 3. entrepreneur Locate each heading below in your textbook and use the information under the correct heading and subheading to answer the following questions: I. The United States Industrializes A. Why was petroleum in high demand, even before its use as fuel for automobiles? B. After the Civil War, what happened to the United States Gross National Product? C. How did railroads help the nation develop? D. How did a growing population help the nation s industrialists? II. New Inventions A. What inventions did Thomas Alva Edison s laboratory produce? B. Edwin Drake and Alexander Graham Bell were responsible for two revolutionary breakthroughs. List them below: a. b. C. Explain the effect of mass production on shoemaking. III. Free Enterprise A. What did laissez-faire supporters believe about the role of government in economic affairs? 1

2 B. Explain how the United States was different from Europe in regard to tariffs. C. What do laissez-faire supporters believe about tariffs? D. How did high tariffs hurt many Americans? Summarize the main ideas of this lesson by answering the following question: Explain how new technologies affected all Americans. Lesson 2, pp The Railroads 1. Define land grant Read each main idea below and use your textbook to supply the details that support or explain each one. A. Main Idea: The railroads played a major part in linking and uniting the nation. Details: 1. The railroad boom began in the year with the Act. 2. One railroad line, the pushed westward from Omaha, Nebraska, in the year. 3. The Central Pacific employed about 10,000 workers from. 4. Both railway lines met at in the year In order to make rail service safer and more reliable, the country was divided into. B. Main Idea: The U.S. government gave land grants to railroad companies, and this led to bribery and corruption. Details: 1. Land grants helped railroad entrepreneurs such as and become extremely wealthy. 2. This wealth led to accusations of swindling and bribery, resulting in many of the railroad owners being called. 3. To get more land grants, investors began bribing. 4. The scandal involved several members of Congress who had bought shares in a construction company. 5. The most successful transcontinental railroad was the, which did not accept any federal grants. built and operated this railroad. 6. This railroad was the only one not eventually forced into. 2

3 Summarize the main ideas of this lesson by writing 2 or 3 well-constructed sentences to answer the following question: How did the creation of transcontinental railroads benefit the United States? Lesson 3, pp Big Business 1. corporation 2. economies of scale 3. monopoly 4. holding company 5. trust Locate each heading below in your textbook and use the information under the correct heading and subheading to answer the questions below: I. The Rise of Big Business A. Why do corporations issue stock? B. What are fixed costs in business? C. How were large corporations able to operate in poor economic times? D. How did large corporations achieve economies of scale? 3

4 II. Consolidating Industry A. Who was Andrew Carnegie? B. What is vertical integration of a company? C. How is horizontal integration different from vertical integration? D. Who was John D. Rockefeller? E. How did Standard Oil find a way around laws against monopolies in 1882? F. What encouraged the growth of the advertising industry? G. What new developments in retail sales occurred in the late nineteenth century? Lesson 4 pp Unions 1. deflation 2. industrial union 3. lockout 4. arbitration 5. injunction 6. closed shop Refer to your textbook to complete the outline below by filling in the blanks: I. Working in the United States A. Between 1860 and 1890, the average worker s wages by 50 percent. However, working conditions were often. B. The uneven division of between the wealthy and the working class led to a feeling of resentment among. C. In the 1800s, the two types of industrial workers in the United States were and. 4

5 D. Business leaders opposed workers of a particular industry forming. E. Companies used to break up unions by refusing to allow employees into their facilities to work. II. Struggling to Organize A. The Knights of Labor opposed, preferring to use more peaceful means such as and to achieve goals such as an workday. B. The Strike against a steel mill involved the use of replacement workers called. C. In 1894 railway workers organized a strike against the when their wages were reduced. A federal court issued an to stop the strike. III. New Unions Emerge A. The most powerful union in the 1800s was the, known as the. It represented the interests of workers. B. This union s goals included an 8-hour workday, shops, and for companies to unions. C. A more radical group called the wanted to organize all kinds of workers into one union. D. One of the most famous female labor organizers was (also called ). E. In 1900 and immigrants started the International Ladies Garment Workers Union to fight for better and. 5

Warm-up for 14-1. What do you think are the five most important inventions in history? Put them in order of importance and explain your reasoning.

Warm-up for 14-1. What do you think are the five most important inventions in history? Put them in order of importance and explain your reasoning. Warm-up for 14-1 What do you think are the five most important inventions in history? Put them in order of importance and explain your reasoning. 3 reasons for industrial boom after Civil War 1. abundant

More information

Mesabi Range A section of low hills in Minnesota owned by Rockefeller in 1887, it was a source of iron ore for steel production.

Mesabi Range A section of low hills in Minnesota owned by Rockefeller in 1887, it was a source of iron ore for steel production. APUSH Chapter 24 Bessemer process Bessemer invented a process for removing air pockets from iron, and thus allowed steel to be made. This made skyscrapers possible, advances in shipbuilding, construction,

More information

Credit-by-Exam Review - US History A

Credit-by-Exam Review - US History A separation of powers checks and balances individual rights popular sovereignty federalism separation of powers Mayflower Compact Thomas Paine's Common Sense abolitionists What was the difference in the

More information

A Brief History of Labor Unions in the United States By: Grant W. Murray

A Brief History of Labor Unions in the United States By: Grant W. Murray A Brief History of Labor Unions in the United States By: Grant W. Murray Directions: Read the following carefully. After reading the passage, look over the questions that are attached. These questions

More information

The Northern Economy and Industrialization Changes in the North

The Northern Economy and Industrialization Changes in the North Chapter 17: The North After the Civil War The Northern Economy and Industrialization Changes in the North Population Two ways the U.S. changed between 1800 and 1860 = size & population Beginning of industrialization

More information

The Age of Inventions

The Age of Inventions Overview Summary Background Information The Age of Inventions By Ann Rossi The Age of Inventions refers to the time from 1870 to 1910 when new machines and new ways of producing goods and services altered

More information

Chapter 11 Quiz- The Roaring 1920s

Chapter 11 Quiz- The Roaring 1920s Chapter 11 Quiz- The Roaring 1920s Multiple Choice Identify the choice that best completes the statement or answers the question. Ch. 11.1 The Republican Decade 1. Key features of Republican administrations

More information

Grade: 11 th grade United State History (1865-Present) mixed ability classroom. Time Required: Two ninety-minute blocks

Grade: 11 th grade United State History (1865-Present) mixed ability classroom. Time Required: Two ninety-minute blocks 1 The Great Industrialists: Captains of Industry or Robber Barons? Authors: Christine Colihan and Amy Vitcusky August 2006 Lesson Description: This lesson will introduce three of the major big business

More information

Big Business. The Rise of Big Business. Main Idea After the Civil War, big business assumed a more prominent role in American life.

Big Business. The Rise of Big Business. Main Idea After the Civil War, big business assumed a more prominent role in American life. Big Business Main Idea After the Civil War, big business assumed a more prominent role in American life. Key Terms and Names corporation, stockholder, stock, economies of scale, fixed costs, operating

More information

Economic Systems and Decision Making

Economic Systems and Decision Making Class: Date: Economic Systems and Decision Making Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. 1. A great variety of goods and services is

More information

bosses political machines mugwumps Pendleton Civil Service Act

bosses political machines mugwumps Pendleton Civil Service Act Chapter 20 The Spirit of Reform (1868 1920) During the late 1800s widespread corruption in politics caused many people to seek reform. Reformers worked to improve living conditions, labor laws, the educational

More information

How America Changed in the Late 1800s

How America Changed in the Late 1800s Chapter 19: Workers and Farmers Attempt to Solve Their Problems How America Changed in the Late 1800s Three major changes that affected people's lives in the late 1800s: a. a population moved from rural

More information

Graphs and Tables, Economics 3-23-2 Professor Joel Mokyr. Figure 1 : Effects of Immigration on resident labor (assuming all labor is homogeneous)

Graphs and Tables, Economics 3-23-2 Professor Joel Mokyr. Figure 1 : Effects of Immigration on resident labor (assuming all labor is homogeneous) 1 Graphs and Tables, Economics 3-23-2 Professor Joel Mokyr Figure 1 : Effects of Immigration on resident labor (assuming all labor is homogeneous) 2 Table 1: Mortality decline 1850-1910 Male infant mortality

More information

SOCIAL STUDIES TEST for e-lessons day 2

SOCIAL STUDIES TEST for e-lessons day 2 SOCIAL STUDIES TEST for e-lessons day 2 Name Directions: Use your own piece of paper as your answer document. Do not print off the test. You will need to only turn in your answer document. 29. The Cold

More information

Writing Prompts US History

Writing Prompts US History Writing Prompts US History In order to be successful in the classroom, students must have choice, write everyday and be able to defend positions. These prompts allow students to do all three. Please consider

More information

President Theodore Roosevelt

President Theodore Roosevelt Theodore Teddy Roosevelt Video Clip (20 min): 1. Political Party: 2. Dates of Presidency: 3. How was he a contradiction? President Theodore Roosevelt 4. List 5 words that describe Theodore Roosevelt (T.R.).

More information

Chinese Immigration and Exclusion Lesson Plan. Central Historical Question: What factors contributed to the Chinese Exclusion Act?

Chinese Immigration and Exclusion Lesson Plan. Central Historical Question: What factors contributed to the Chinese Exclusion Act? Lesson Plan Central Historical Question: What factors contributed to the Chinese Exclusion Act? Materials: Railroad PPT (one slide) United Streaming Video Segment: Perilous Endeavor (from The West: The

More information

Chapter 01 A Brief Economic History of the United States

Chapter 01 A Brief Economic History of the United States Chapter 01 A Brief Economic History of the United States Multiple Choice Questions 1. The Social Security Program began during the administration of A. Franklin D. Roosevelt. B. Harry S. Truman. C. Dwight

More information

FP1. HiSET TM Social Studies Practice Test

FP1. HiSET TM Social Studies Practice Test FP1 HiSET TM Social Studies Practice Test Copyright 2013 Educational Testing Service. All rights reserved. E T S and the E T S logo are registered trademarks of Educational Testing Service (E T S) in the

More information

Political Cartoon A: The caption of this cartoon reads: The Great Mirage: Keep Cool with Coolidge. Coolidge was a man of conviction rather than

Political Cartoon A: The caption of this cartoon reads: The Great Mirage: Keep Cool with Coolidge. Coolidge was a man of conviction rather than Political Cartoon A: The caption of this cartoon reads: The Great Mirage: Keep Cool with Coolidge. Coolidge was a man of conviction rather than passion, and he believed that American prosperity depended

More information

Chapter 18. How well did Presidents Roosevelt, Taft, and Wilson promote progressive goals in national policies? Essential Question 18.

Chapter 18. How well did Presidents Roosevelt, Taft, and Wilson promote progressive goals in national policies? Essential Question 18. Chapter 18 Essential Question How well did Presidents Roosevelt, Taft, and Wilson promote progressive goals in national policies? 18.1 President Theodore Roosevelt tames the trusts. Theodore Roosevelt

More information

Unit 4 Lesson 8 The Qin and Han Dynasties

Unit 4 Lesson 8 The Qin and Han Dynasties Unit 4 Lesson 8 The Qin and Han Dynasties Directions Read the False statements below. Replace each underlined word with one from the word bank that makes each sentence True. Word Bank Ying Zheng army copper

More information

Transcontinental Railroad Teacher s Guide

Transcontinental Railroad Teacher s Guide Page 1 offers insights into topics in American history including the settling of the West; manifest destiny; contact and conflicts between Native Americans (www.pbs.org/wgbh/americanexperience/features/interview/tcrr-interview)

More information

Chapter 15: The South After the Civil War

Chapter 15: The South After the Civil War Chapter 15: The South After the Civil War The Economy of the South After the Civil War Three reasons the economy of the South was not very strong before the Civil War 1. Profits were made because labor

More information

Chapter 22: World War I. Four most powerful European nations in the early 1900s were Great Britain, France, Germany, Russia.

Chapter 22: World War I. Four most powerful European nations in the early 1900s were Great Britain, France, Germany, Russia. Chapter 22: World War I The Beginnings of World War I World War I was fought from 1914-1918. United States entered World War I in 1917. The Origins of Europe s Great War Nationalism Four most powerful

More information

Objective: To analyze the effect the car had on U.S. society. 1927 Ford Model T

Objective: To analyze the effect the car had on U.S. society. 1927 Ford Model T Objective: To analyze the effect the car had on U.S. society. 1927 Ford Model T A Booming Economy: The 1920 s Income increases Boom Cycle People purchase more goods Companies expand and hire more people

More information

Uses of Energy. Residential- homes Commercial - buildings Industry and Manufacturing Transportation- cars, trucks, planes, etc.

Uses of Energy. Residential- homes Commercial - buildings Industry and Manufacturing Transportation- cars, trucks, planes, etc. Uses of Energy Residential- homes Commercial - buildings Industry and Manufacturing Transportation- cars, trucks, planes, etc. links page recent statistics The United States is a highly developed and industrialized

More information

Steve Jobs, Bill Gates, and the PC and Course Review

Steve Jobs, Bill Gates, and the PC and Course Review Steve Jobs, Bill Gates, and the PC and Course Review Radical Innovation and the Transformation of Daily Life CEE 102: Prof. Michael G. Littman Course Administrator: Jack Reilly jpr2@princeton.edu Computers

More information

Steve Jobs, Bill Gates, and the PC and Course Review

Steve Jobs, Bill Gates, and the PC and Course Review Steve Jobs, Bill Gates, and the PC and Course Review Radical Innovation and the Transformation of Daily Life CEE 102: Prof. Michael G. Littman Course Administrator: Catherine Eiben ceiben@princeton.edu

More information

3. addition of the elastic clause to the. 4. start of the first political parties

3. addition of the elastic clause to the. 4. start of the first political parties 1 of 5 2/8/2012 4:49 PM Name: The major role of political parties in the United States is to meet constitutional requirements nominate candidates and conduct political campaigns continue a tradition that

More information

LECTURE NOTES ON MACROECONOMIC PRINCIPLES

LECTURE NOTES ON MACROECONOMIC PRINCIPLES LECTURE NOTES ON MACROECONOMIC PRINCIPLES Peter Ireland Department of Economics Boston College peter.ireland@bc.edu http://www2.bc.edu/peter-ireland/ec132.html Copyright (c) 2013 by Peter Ireland. Redistribution

More information

Thomas Edison State College Dennis W. Devery Vice President for Planning and Research

Thomas Edison State College Dennis W. Devery Vice President for Planning and Research Thomas Edison State College Dennis W. Devery Vice President for Planning and Research The Research The Changing Paradigm: Luxury to Necessity Georgetown Center on Education and the Workforce Essentially,

More information

THE INDUSTRIAL REVOLUTION IN AMERICA

THE INDUSTRIAL REVOLUTION IN AMERICA THE INDUSTRIAL REVOLUTION IN AMERICA BUILDING BACKGROUND In the early 1700s making goods depended on the hard work of humans and animals. It had been that way for hundreds of years. Then new technology

More information

Flations: Inflation and Deflation

Flations: Inflation and Deflation Flations: and Deflation C15.42 Lesson 9 Edward M. Kerschner Wholesale prices in the U.S. - 175-2 Price Level 2 12 7 4 2 1 175 1775 18 1825 185 1875 19 1925 195 1975 2 4.4 % average 1 1% Rolling 1 year

More information

Economic Policy and State Intervention (Richards and Waterbury CHs #2,3,7,8,9) 1. Recovery Since 1800 2. Growth Policies 3. Why the Middle East Chose

Economic Policy and State Intervention (Richards and Waterbury CHs #2,3,7,8,9) 1. Recovery Since 1800 2. Growth Policies 3. Why the Middle East Chose Economic Policy and State Intervention (Richards and Waterbury CHs #2,3,7,8,9) 1. Recovery Since 1800 2. Growth Policies 3. Why the Middle East Chose Import Substitution 4. MENA vs. Asia 5. Reform Disparity

More information

Benchmark C Describe the characteristics of feudal societies and the transition to the Renaissance and Reformation in Europe.

Benchmark C Describe the characteristics of feudal societies and the transition to the Renaissance and Reformation in Europe. Feudalism in Japan and Europe Connection: History Benchmark C Describe the characteristics of feudal societies and the transition to the Renaissance and Reformation in Europe. Indicator 3 Describe the

More information

TEKS 6(F), 8(A), 14(B), 22(A), 22(B), 22(C), 22(D), 23(A), 24(F), 24(H), 25(D)

TEKS 6(F), 8(A), 14(B), 22(A), 22(B), 22(C), 22(D), 23(A), 24(F), 24(H), 25(D) 1 Warm-up The advent of television transformed life in the United States after World War II. This 1949 advertisement for the Bank of the Manhattan Company called television a miracle that was undreamed

More information

Louisiana Purchase Lesson Plan

Louisiana Purchase Lesson Plan Materials: Lesson Plan Central Historical Question: Why did Federalists oppose the? Copies of Timeline Copies of Documents A and B Transparency of Document A Graphic Organizer Plan of Instruction: 1. Introduction:

More information

Chapter 9: The Policies of Alexander Hamilton and Thomas Jefferson

Chapter 9: The Policies of Alexander Hamilton and Thomas Jefferson Chapter 9: The Policies of Alexander Hamilton and Thomas Jefferson Department of State, Department of Treasury, Department of War, Attorney General, Postmaster General : 5 government departments established

More information

Compare the Difference between Market and Command Economic Systems. An Exploration of Capitalism, Socialism and Communism:

Compare the Difference between Market and Command Economic Systems. An Exploration of Capitalism, Socialism and Communism: Compare the Difference between Market and Command Economic Systems An Exploration of Capitalism, Socialism and Communism: Economic Systems Economic systems answer the questions: What to produce? How to

More information

Sample Lesson Handout 1 Symbol and Metaphor

Sample Lesson Handout 1 Symbol and Metaphor Sample Lesson Handout 1 Symbol and Metaphor TEACHING GUIDE The Cartoon: This cartoon on the drive for women s suffrage appeared along with an article in the magazine Judge, March 3, 1917. The cartoon shows

More information

THE GREAT DEPRESSION FROM BOOM TO BUST

THE GREAT DEPRESSION FROM BOOM TO BUST THE GREAT DEPRESSION FROM BOOM TO BUST Power Point accompaniment for the Consortium s lesson, The Great Depression, available in the Database of Civic Resources at Power Point, available in the Database

More information

WHAT ARE MUTUAL FUNDS?

WHAT ARE MUTUAL FUNDS? LESSON 6 WHAT ARE MUTUAL FUNDS? 89 LESSON 6 WHAT ARE MUTUAL FUNDS? LESSON DESCRIPTION The students form class investment clubs that work much in the way mutual funds do. They invest $3,000 (300 shares

More information

LESSON 1. A House Divided: Slavery in the United States BACKGROUND INFORMATION FEATURED RESOURCES ILLINOIS STATE LEARNING STANDARDS

LESSON 1. A House Divided: Slavery in the United States BACKGROUND INFORMATION FEATURED RESOURCES ILLINOIS STATE LEARNING STANDARDS LESSON 1 BACKGROUND INFORMATION Slavery leads to a national divide By 1860, the United States had nearly four million slaves, more than any other country in the world. Slavery, a system of forced labor,

More information

The Requirements and Job Market, Three Fields, and the Future for Petroleum Engineers

The Requirements and Job Market, Three Fields, and the Future for Petroleum Engineers The Requirements and Job Market, Three Fields, and the Future for Petroleum Engineers Abstract: Without question, the price of oil and energy has climbed and will continue to climb in the future. The increasing

More information

HISTORY AT YOUR FINGERTIPS & SPIRIT OF THE NATION FEDERAL RESERVE BANK OF BOSTON

HISTORY AT YOUR FINGERTIPS & SPIRIT OF THE NATION FEDERAL RESERVE BANK OF BOSTON HISTORY AT YOUR FINGERTIPS & SPIRIT OF THE NATION FEDERAL RESERVE BANK OF BOSTON "HISTORY AT YOUR FINGERTIPS" AND "SPIRIT OF THE NATION" Four panels displayed at the Federal Reserve Bank of Boston exhibit

More information

Marketers must: The Political, Legal, and Regulatory Environments of Global Marketing. Nation-States and Sovereignty. The Political Environment

Marketers must: The Political, Legal, and Regulatory Environments of Global Marketing. Nation-States and Sovereignty. The Political Environment Marketers must: The Political, Legal, and Regulatory Environments of Global Marketing Global Marketing Chapter 5 Attempt to comply with each nation s laws and regulations. Keep up with laws and regulations

More information

Sample Lesson Handout 4 Stereotype and Caricature

Sample Lesson Handout 4 Stereotype and Caricature Sample Lesson Handout 4 Stereotype and Caricature The Cartoon: This cartoon is a lithograph by Joseph Keppler expressing fears about the impact of Chinese immigrant labor. It appeared in Puck, August 21,

More information

Chap 11 & 12. Measuring the Cost of Living THE CONSUMER PRICE INDEX

Chap 11 & 12. Measuring the Cost of Living THE CONSUMER PRICE INDEX Chap 11 & 12 Chap 10: Measuring a Nation s Income: GDP, Nominal GDP, Real GDP, and GDP Deflator Next topic: Chap 11: Measuring the Cost of Living: CPI GDP from an whole economy point of view CPI from a

More information

1920s Document Based Question

1920s Document Based Question NAME 1920s Document Based Question This question is based on the accompanying documents (1-7). This question is designed to test your ability to work with historical documents. Some of the documents have

More information

AP Human Geography 2013 Scoring Guidelines

AP Human Geography 2013 Scoring Guidelines AP Human Geography 2013 Scoring Guidelines The College Board The College Board is a mission-driven not-for-profit organization that connects students to college success and opportunity. Founded in 1900,

More information

Economics Chapter 7 Review

Economics Chapter 7 Review Name: Class: Date: ID: A Economics Chapter 7 Review Matching a. perfect competition e. imperfect competition b. efficiency f. price and output c. start-up costs g. technological barrier d. commodity h.

More information

Signposts of Democracy (adapted from Signposts of Democracy, Streetlaw, Inc.

Signposts of Democracy (adapted from Signposts of Democracy, Streetlaw, Inc. Signposts of Democracy (adapted from Signposts of Democracy, Streetlaw, Inc. http://www.streetlaw.org/democlesson.html) Introduction: Freedom House, an international organization that monitors political

More information

Module 4 Glossary. Board of Governors of the Fed. Business Cycle. Contraction in the business cycle Contractionary Fiscal Policy

Module 4 Glossary. Board of Governors of the Fed. Business Cycle. Contraction in the business cycle Contractionary Fiscal Policy Module 4 Glossary Term Board of Governors of the Fed Business Cycle Consumers Contraction in the business cycle Contractionary Fiscal Policy Contractionary monetary policy Deficit Discount Rate Entrepreneurism

More information

Labor Developments in the Late 19 th Century

Labor Developments in the Late 19 th Century Labor Developments in the Late 19 th Century By the 1870s the most important effect of industrialization on working people was the transformation of the skilled craftsman into a factory worker. The consequences

More information

HW 2 Macroeconomics 102 Due on 06/12

HW 2 Macroeconomics 102 Due on 06/12 HW 2 Macroeconomics 102 Due on 06/12 1.What are the three important macroeconomic goals about which most economists, and society at large, agree? a. economic growth, full employment, and low interest rates

More information

The Business Cycle and The Great Depression of the 1930 s

The Business Cycle and The Great Depression of the 1930 s The Business Cycle and The Great Depression of the 1930 s With the stock market crash in October, 1929, the U.S. entered a period in its history known as the Great Depression. This lasted for almost the

More information

Explanatory Notes for Teachers Level: S2 Topic: Industrial Revolution Supporting Teaching Materials: PowerPoint file for lesson consolidation

Explanatory Notes for Teachers Level: S2 Topic: Industrial Revolution Supporting Teaching Materials: PowerPoint file for lesson consolidation Industrial Revolution Explanatory Notes for Teachers Level: S2 Topic: Industrial Revolution Supporting Teaching Materials: PowerPoint file for lesson consolidation S2 Topic 2 Students Prior Knowledge Before

More information

Social Security Lesson Plan. Central Historical Question: Which historical account of Social Security is more accurate?

Social Security Lesson Plan. Central Historical Question: Which historical account of Social Security is more accurate? Lesson Plan Central Historical Question: Which historical account of is more accurate? Materials: Movie: http://historicalthinkingmatters.org/socialsecurity/ Copies of Historian Interpretations Worksheet

More information

Chapter 7: Market Structures Section 1

Chapter 7: Market Structures Section 1 Chapter 7: Market Structures Section 1 Key Terms perfect competition: a market structure in which a large number of firms all produce the same product and no single seller controls supply or prices commodity:

More information

Assembly line simulation By Paul Spatafore

Assembly line simulation By Paul Spatafore Assembly line simulation By Paul Spatafore Objectives Students will have an understanding of how the assembly line was used during the Industrial Revolution and draw conclusions on how this transformed

More information

Addendum: American History II:

Addendum: American History II: Addendum: American History II: On June 23, 2011, the North Carolina General Assembly passed The Founding Principles Act (SL 2011-273). This act calls for local boards of education to require, as a condition

More information

Reasons for U.S. Involvement in War

Reasons for U.S. Involvement in War Reasons for U.S. Involvement in War The United States has waged several wars throughout its history. These wars have in some ways differed drastically. For example, during the Revolutionary War, cannons

More information

A Booming Economy 20.1

A Booming Economy 20.1 A Booming Economy 20.1 How did the booming economy of the 1920s lead to changes in American life? During the 1920s, the American economy experienced tremendous growth. Using mass production techniques,

More information

GEORGIA S ECONOMY. Inside this issue: Special points of interest:

GEORGIA S ECONOMY. Inside this issue: Special points of interest: GEORGIA S ECONOMY SS8E1 The student will give examples of the kinds of goods and services produced in Georgia in different historical periods. SS8E2 The student will explain the benefits of free trade.

More information

Econ 202 Final Exam. Douglas, Spring 2006 PLEDGE: I have neither given nor received unauthorized help on this exam.

Econ 202 Final Exam. Douglas, Spring 2006 PLEDGE: I have neither given nor received unauthorized help on this exam. , Spring 2006 PLEDGE: I have neither given nor received unauthorized help on this exam. SIGNED: PRINT NAME: Econ 202 Final Exam 1. When the government spends more, the initial effect is that a. aggregate

More information

Mirror for Humanity by Kottack Quiz #10 C. Milner-Rose

Mirror for Humanity by Kottack Quiz #10 C. Milner-Rose Mirror for Humanity by Kottack Quiz #10 C. Milner-Rose Chapter 10: The World System and Colonialism Multiple Choice Questions 1. What fueled the European Age of Discovery? A. A desire to save the souls

More information

2c. What has been happing to the gap between MDCs and LDCs in terms of GDP?

2c. What has been happing to the gap between MDCs and LDCs in terms of GDP? Development: Key Issue 1 Why Does Development Vary Among Countries Rubenstein, p. 274-281 ECONOMIC INDICATORS OF DEVELOPMENT 1. What four different factors does the UN consider when determining a country

More information

AMERICAN BUSINESS. STEM-Based

AMERICAN BUSINESS. STEM-Based AMERICAN BUSINESS STEM-Based BOY SCOUTS OF AMERICA MERIT BADGE SERIES AMERICAN BUSINESS Enhancing our youths competitive edge through merit badges Requirements 1. Do the following: a. Explain four features

More information

American Presidents. Author: Dr. Michael Libbee, Michigan Geographic Alliance

American Presidents. Author: Dr. Michael Libbee, Michigan Geographic Alliance American Presidents Author: Dr. Michael Libbee, Michigan Geographic Alliance Lesson Overview: Students will understand how the political geography of the country has changed. This lesson helps summarize

More information

Africa. World Migration & Global Communication

Africa. World Migration & Global Communication Africa World Migration & Global Communication Corporate Headquarters ONEm Communications Ltd. 6 Bevis Marks, First Floor London EC3A 7BA United Kingdom info@onem.com www.onem.com Copyright ONEm Communications

More information

Econ 102 Economic Growth Solutions. 2. Discuss how and why each of the following might affect US per capita GDP growth:

Econ 102 Economic Growth Solutions. 2. Discuss how and why each of the following might affect US per capita GDP growth: Econ 102 Economic Growth Solutions 2. Discuss how and why each of the following might affect US per capita GDP growth: a) An increase of foreign direct investment into the US from Europe is caused by a

More information

Seminar in Energy Law L8452 Columbia Law School Fall 2011. Prof. Michael B. Gerrard

Seminar in Energy Law L8452 Columbia Law School Fall 2011. Prof. Michael B. Gerrard Seminar in Energy Law L8452 Columbia Law School Fall 2011 Prof. Michael B. Gerrard This seminar concerns the regulation of energy, energy resources, and energy facilities. Among the topics will be the

More information

Farmers were having trouble. Railroads were charging higher prices to ship their crops to market.

Farmers were having trouble. Railroads were charging higher prices to ship their crops to market. The Progressive Era Part 1: A Better Life for Americans The late 1800's and early 1900's were a time when America was making its power felt around the world. At the same time there were many problems causing

More information

Stock Market Game Test

Stock Market Game Test Stock Market Game Test A test of basic economic concepts and institutions related to saving, investing, risk, the stock market, and productivity 1. A personal investment such as purchasing stocks or corporate

More information

Material/Resources (Includes handouts, reading assignment, Internet links, etc.)

Material/Resources (Includes handouts, reading assignment, Internet links, etc.) Teacher: First Name: Laura Last Name: Krenk Email Address: laura.krenk@ops.org School: Alice Buffett Magnet Middle School Lesson Information: Lesson Title: Using the Telephone Through Time Suggested Grade

More information

Analyzing Business Transactions Using T Accounts

Analyzing Business Transactions Using T Accounts pri639_ch03_053-088.qxd 9/7/3 4:54 PM Page 53 Analyzing Business Transactions Using T Accounts Chapter 3 When Alexander Graham Bell invented the telephone in 876, and gave birth to www.att.com the company

More information

Inflation www.msubbu.in பணவ க, வ லய

Inflation www.msubbu.in பணவ க, வ லய CH2404 Process Economics Unit III Inflation பணவ க, வ லய Dr. M. Subramanian Associate Professor Department of Chemical Engineering Sri Sivasubramaniya Nadar College of Engineering Kalavakkam 603 110, Kanchipuram

More information

BIOGRAPHICAL SKETCH OF JANE ADDAMS

BIOGRAPHICAL SKETCH OF JANE ADDAMS BIOGRAPHICAL SKETCH OF JANE ADDAMS Born in Cedarville, Illinois on September 6, 1860 and graduated from Rockford College in 1882, Jane Addams founded the world famous social settlement Hull-House on Chicago's

More information

Declaration of Independence Lesson Plan. Central Historical Question: Why did the Founders write the Declaration of Independence?

Declaration of Independence Lesson Plan. Central Historical Question: Why did the Founders write the Declaration of Independence? Lesson Plan Central Historical Question: Why did the Founders write the? Materials: Copies of Two Historians Interpretations Copies of Declaration Preamble worksheet Copies of Declaration of Independece

More information

Long run v.s. short run. Introduction. Aggregate Demand and Aggregate Supply. In this chapter, look for the answers to these questions:

Long run v.s. short run. Introduction. Aggregate Demand and Aggregate Supply. In this chapter, look for the answers to these questions: 33 Aggregate Demand and Aggregate Supply R I N C I L E S O F ECONOMICS FOURTH EDITION N. GREGOR MANKIW Long run v.s. short run Long run growth: what determines long-run output (and the related employment

More information

History of Canada - Unit 2 - Lesson 5 Autonomy and the Stock Market Crash

History of Canada - Unit 2 - Lesson 5 Autonomy and the Stock Market Crash History of Canada - Unit 2 - Lesson 5 Autonomy and the Stock Market Crash Objectives: Learn about actions to make Canada a more autonomous nation Examine the factors leading to the Stock Market Crash Explore

More information

LABOR RELATIONS Professor Bruce Fortado MAN 4301/6305 University of North Florida

LABOR RELATIONS Professor Bruce Fortado MAN 4301/6305 University of North Florida LABOR RELATIONS Professor Bruce Fortado MAN 4301/6305 University of North Florida In the early years of US history, there was no legislative framework to manage labor relations. In general, employers did

More information

Great Depression - Practice Questions

Great Depression - Practice Questions Name: 1. In the United States, one of the basic causes of the Great Depression that began in 1929 was the Great Depression - Practice Questions 6. Which combination of factors contributed most to the start

More information

Incredible Inventor. Beginner Biographies

Incredible Inventor. Beginner Biographies Incredible Inventor by Amanda Doering Tourville Illustrated by Reed Sprunger Beginner Biographies Beginner Biographies visit us at www.abdopublishing.com Published by Magic Wagon, a division of the ABDO

More information

Academic Standards for Economics

Academic Standards for Economics Academic Standards for June 1, 2009 FINAL Secondary Standards Pennsylvania Department of Education These standards are offered as a voluntary resource for Pennsylvania s schools and await action by the

More information

Westward Expansion Test

Westward Expansion Test Westward Expansion Test 1. Name four famous pioneers of the Westward Expansion. (4) 2. Daniel Boone was an early pioneer of what state? (1) 3. What were the names of the road Daniel Boone forged and his

More information

Life in America - Past and Present

Life in America - Past and Present Cities Grow Chapter 18 The Industrial City 1900 1 million NY Chicago Philadelphia Early cities trade Early industry rivers cities began to expand metropolitan areas Problems communication transportation

More information

The Russian experience of the business community engaging into corruption prevention efforts

The Russian experience of the business community engaging into corruption prevention efforts The Ministry of Economic Development of the Russian Federation The Russian experience of the business community engaging into corruption prevention efforts Elias Klochkov Deputy Director of the Department

More information

Self-Acceptance. A Frog Thing by E. Drachman (2005) California: Kidwick Books LLC. ISBN 0-9703809-3-3. Grade Level: Third grade

Self-Acceptance. A Frog Thing by E. Drachman (2005) California: Kidwick Books LLC. ISBN 0-9703809-3-3. Grade Level: Third grade Self-Acceptance A Frog Thing by E. Drachman (2005) California: Kidwick Books LLC. ISBN 0-9703809-3-3 This Book Kit was planned by Lindsay N. Graham Grade Level: Third grade Characteristic Trait: Self Acceptance

More information

AMERICAN HISTORY CHAPTER 7 WORKBOOK: IMMIGRANTS AND URBANIZATION

AMERICAN HISTORY CHAPTER 7 WORKBOOK: IMMIGRANTS AND URBANIZATION AMERICAN HISTORY CHAPTER 7 WORKBOOK: IMMIGRANTS AND URBANIZATION Immigrants and Urbanization The New Immigrants Terms and Names Ellis Island Inspection station for immigrants arriving on the East Coast

More information

Unit 1: Lesson 1 Understanding Invention vs. Discovery

Unit 1: Lesson 1 Understanding Invention vs. Discovery Unit 1: Lesson 1 Understanding Invention vs. Discovery Objectives In this lesson students will be able to differentiate between a discovery and an invention by explaining that a discovery is something

More information

Three Branches of Government Webquest

Three Branches of Government Webquest Name Three Branches of Government Webquest This Webquest has 4 parts: Part 1: Executive Branch Part 2: Legislative Branch Part 3: Judicial Branch Part 4: Branches of Power Game For Parts 1, 2, and 3, you

More information

David M. Woodruff Dilemmas and tradeoffs in Russian exchange rate policy

David M. Woodruff Dilemmas and tradeoffs in Russian exchange rate policy David M. Dilemmas and tradeoffs in Russian exchange rate policy Policy Memo Original citation:, David M. (1999) Dilemmas and tradeoffs in Russian exchange rate policy. PONARS Policy Memo, Center for Strategic

More information

The Early Industrial Revolution

The Early Industrial Revolution The Early Industrial Revolution 1760 1851 Causes of the Industrial Revolution Population Growth In the eighteenth century more reliable food supplies, earlier marriage, high birth rates, and more widespread

More information

ECONOMIC FACTORS AFFECTING COMPENSATION

ECONOMIC FACTORS AFFECTING COMPENSATION Unit 4: Total Rewards 41 ECONOMIC FACTORS AFFECTING COMPENSATION Inflation Inflation has a substantial impact on compensation practices. Managing a compensation program is especially difficult during periods

More information

The Gilded Age 1870-1900. Mark Twain Quotes

The Gilded Age 1870-1900. Mark Twain Quotes Wild West Review Diary or story relating to important information in the Wild West Chapter. Take a famous historical figure, or person found in the Wild West - maybe rancher, cowboy, railroad worker and

More information

Roads. Nebraska railroad crossing, 1920s. Copyright National Council on Economic Education. Photo: Nebraska Department of Roads

Roads. Nebraska railroad crossing, 1920s. Copyright National Council on Economic Education. Photo: Nebraska Department of Roads Roads By 1912, most large cities had decent roads, some were even paved. Property owners were taxed to help pay for the improvements. Outside the cities, however, was a very different story. Less than

More information

Chapter 10: How Americans Settled the Frontier. The white settlers moving west into land that Native Americans lived : westward expansion.

Chapter 10: How Americans Settled the Frontier. The white settlers moving west into land that Native Americans lived : westward expansion. Chapter 10: How Americans Settled the Frontier Multiple Perspectives and the Idea of a Frontier Frontier : The land west of where most white settlers lived. Native Americans lived on the frontier. The

More information