In What Field Did Significant Technological Innovation?
| Question | Answer |
|---|---|
| In what field did significant technological innovation occur in the late 1800s? | communications |
| In which system does one company control the businesses that make up all phases of a product’s development? | vertical integration |
In what fields did significant technological innovation occur in the late 1800s?
In what field did significant technological innovation occur in the late 1800s? Building materials communications and transportation.
In which of the following field did significant technological innovation?
Terms in this set (25)
encouraging entrepreneurs to establish businesses. Which innovation extended the number of hours in a day that Americans could work and play? Which industry most spurred economic growth and innovation in related industries?
What helped economic growth?
What resources and technological innovations helped fuel economic development? Rapid advances in the creation of steel chemicals and electricity helped fuel production including mass-produced consumer goods and weapons.
Which labor union limited its membership to skilled craftspeople and focused on economic reforms?
The Knights of Labor only allowed in skilled workers.
Which industry has the most spurred economic growth?
| Question | Answer |
|---|---|
| Which industry most spurred economic growth and innovation in related industries? | railroads |
| As farms became mechanized | urban areas |
| What punishment would a corporate violator of the Sherman Antitrust Act face? | imprisonment not exceeding three years |
How did capitalism fuel industrialization?
Capitalism caused the Industrial Revolution because industrialization required significant work and investment from individuals and not necessarily the government. … This investment from individuals whose actions were guided by the profit motive would not have been possible without the emergence of capitalism.
What was the goal of the Sherman Antitrust Act?
What is the purpose of the Sherman Antitrust Act? The Sherman Antitrust Act was enacted in 1890 to curtail combinations of power that interfere with trade and reduce economic competition. It outlaws both formal cartels and attempts to monopolize any part of commerce in the United States.
Which Labor leader began the American Federation of Labor quizlet?
Established in 1886 the American Federation of Labor is an umbrella organization for other unions. In 1881 Samuel Gompers took the lead in organizing the Federation of Organized Trades and Labor Unions of the United States of America and Canada.
What punishment would a violator of the Sherman Antitrust Act face?
Individual violators can be fined up to $1 million and sentenced to up to 10 years in Federal prison for each offense and corporations can be fined up to $100 million for each offense. Under some circumstances the maximum fines can go even higher than the Sherman Act maximums to twice the gain or loss involved.
Which of the following most helped the nation’s economic growth?
Which of the following most helped fuel the nation’s economic growth? Natural Resources.
What helped fuel economic growth in the United States during the mid 1800s?
What helped fuel economic growth in the United States during the mid-1800s? Steam began to be used as an energy source. Why did so many migrants move to the Midwest states of Indiana Michigan Wisconsin Iowa and Illinois between 1830 and 1860? The rich soil made conditions favorable to farming.
What is the goal of cartels monopolies and horizontal vertical integration?
Cartels monopolies trusts and horizontal and vertical integration all share the goal of what? Increasing profits. What was a step by the federal government to limit the power of corporations? Industrialists’ support for technology benefited the economy.
How did the efforts of labor unions Most significantly change following the Civil War?
How did the efforts of labor unions most significantly change following the Civil War? After the Civil War local unions realized that they might benefit from cooperating with one another in order to achieve mutual goals. They joined together. What changes in labor conditions occurred between 1890 and 1915?
What was one result of the Haymarket riot?
What was one result of the Haymarket Riot? The execution of 4 anarchists and the decline of the Knights of Labor.
Which of the following threatened the livelihoods of southern farmers quizlet?
Which of the following threatened the livelihoods of Southern farmers? The Boll weevil.
How did the invention of the telegraph and telephone revolutionize communications?
How did the invention of the telegraph and telephone revolutionize communications? These inventions helped revolutionize communications because people who lived far away from each other didn’t talk often only by letter though that could take weeks. The telegraph/telephone allowed people to talk instantly.
What did industrial consolidation and trusts reduce during the late 1800’s?
Consolidation had the effect of reducing “cutthroat competition” where smaller rival companies kept undercutting each others prices which reduced their profits but favored the consumer with more choices and lower prices.
What were the travel accommodations for most immigrants to the United States?
There were three types of accommodations on the ships that brought immigrants to America: first class second class and steerage. Only steerage passengers were processed at Ellis Island.
Did the Industrial Revolution create capitalism?
Which of these inventions had the greatest impact on the first industrial revolution?
The important and greatest invention in the first Industrial Revolution were Watt Steam Engine cotton spin Telegraph communications Spinning Jenny etc.. ADDITIONAL INFORMATION: >> Industrial Revolution was started in late 18th century in England. … The first Industrial revolution is about the textile development.
Which written work created the capitalist system during the Industrial Revolution?
What was the main purpose of the Sherman Antitrust Act to outlaw monopolies to investigate businesses to assist large businesses to regulate interstate commerce?
The Sherman Antitrust Act is a law the U.S. Congress passed to prohibit trusts monopolies and cartels. Its purpose was to promote economic fairness and competitiveness and to regulate interstate commerce. Ohio Sen. John Sherman proposed and passed it in 1890.
How did Roosevelt use the Sherman Antitrust Act?
The Sherman Anti-Trust Act
Now that he was President Roosevelt went on the attack. The President’s weapon was the Sherman Antitrust Act passed by Congress in 1890. This law declared illegal all combinations “in restraint of trade.” For the first twelve years of its existence the Sherman Act was a paper tiger.
What two monopolies were broken up in 1911?
Standard Oil in 1911 was broken up into 34 companies. These companies would recombine today these companies go by the names of ExxonMobil Chevron Amoco and BP.
Which Labor leader started out in the railroad industry?
Debs saw the need for an industry-wide union organization which would unite all the workers on the railroads. So in 1893 in Chicago Debs founded the American Railway Union (ARU).
What did the American Federation of Labor accomplish?
The American Federation of Labor (AFL) was a loose amalgamation of skilled craft unions in contrast to other unions that admitted unskilled laborers. The AFL sought tangible economic gains such as higher wages shorter hours and better conditions in addition to staying out of politics.
Who founded AFL?
American Federation of Labor/Founders
In 1886 under the leadership of Samuel Gompers they organized themselves as the AFL a loose federation that remained for half a century the sole unifying agency of the American labour movement.
In what field did significant technological innovations occurred in the late 1800s?
In what field did significant technological innovation occur in the late 1800s? Building materials communications and transportation.
Is Amazon a monopoly?
Though Amazon may be dominant on its platform with a steady stream of entrants into the market it still allows competition to occur. Although its size is large when analyzing Amazon’s actions through the lens of the current definition of a monopoly from the Federal Trade Commission Amazon is not a monopoly.
Does the FTC prevent monopolies?
The antitrust laws prohibit conduct by a single firm that unreasonably restrains competition by creating or maintaining monopoly power. … This requires in-depth study of the products sold by the leading firm and any alternative products consumers may turn to if the firm attempted to raise prices.
How did new inventions and innovations encourage industrial growth?
The invention of the telegraph and the telephone made communication much easier and much quicker. This allowed companies to process orders faster than in the past. New inventions and new technologies aided the growth of big businesses during the Industrial Revolution.
What innovations in technology and business drove increases in industrial production after 1865?
Railroads pioneered new business techniques Carnegie Rockefeller and others successfully transferred these techniques to other industries such as steel and oil. Pools were created to limit competition but were replaced by more efficient trusts and ultimately holding companies leading to huge corporations.
How did technology reshape the American economy?
Innovation makes it possible to produce more output from society’s available labor and capital increasing the productivity of America’s workers. Those productivity improvements have led to rising prosperity and living standards as Chapter 2 discussed.
Innovation Definition: What Is A Technological Innovation And What Are Some Innovation Examples?
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