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Quiz (22a) Economic Growth and the Early Industrial Revolution
There are 10 multiple choice questions; each is worth 10 points.
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In the late 18th century, the U.S. began to move from an agricultural economy to what?
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a capitalist economy
an industrial economy
a market economy
Machine-made products increased productivity and created what?
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an archaic era of human experience
a demand for hand-made products
a much higher standard of living
What was the primary organizational innovation of the Industrial Revolution?
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Breakthrough System
Factory System
Outwork System
What phrase describes the production process where work was performed on a large scale in a single centralized location?
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Breakthrough System
Factory System
Outwork System
What phrase describes the production process where small parts of it were carried out in numerous individual homes?
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Breakthrough System
Factory System
Outwork System
What are the three key parts of the Industrial Revolution?
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a huge increase in production, a bigger credit system, and a better system for moving products
a natural use of resources, access to the central bank, and an increase in imports
the dramatic reactions of consumers, the contracted system of credit, and sustained work on bridges
What does the term “Market Revolution” mean?
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State governments engaged in establishing a much better transportation network.
State governments helped set up new banks.
State governments played a key role telling about the peripheral importance of more futile ways to transport people, raw materials, and finished goods.
The rapid expansion of credit and unregulated banking activities led to what?
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a lot of state banks
an economic collapse
the controversial Bank of the United States
What infrastructure element was the most important for economic development?
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building canals
covering bridges
paving roads
What is the most famous state infrastructure project?
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the Eagleville Bridge in New York
the Eisenhower Highway System
the Erie Canal in New York
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