John D. Rockefeller bought barrel factories, oil fields, pipelines, and railroad cars, in an example of
a. horizontal integration.
b. monopoly.
c. laissez-faire
d. vertical integration.
Ans: d. vertical integration.
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During World War I, the War Industries Board __________.
a. was little more than a symbolic organization b. was led by Herbert Hoover c. fixed wages and hours for all workers d. told manufacturers what they could and could not make
Discuss the factors that contributed to a population explosion in North America from 1680 to 1750. How and why did immigrants of the eighteenth century differ from those of the previous century? Did America prove to be their land of opportunity?
What will be an ideal response?
Adam Smith's economic theory advocated
A) government intervention in order to control the flow of bullion through extensive tariff systems. B) the use of a controlled money supply as a means of limiting inflation. C) that governments avoid regulation in favor of the operation of individual initiative and market forces. D) the institution of state-controlled guilds to fix standards of production and wages.
The political climate of the 1920s was hostile to __________
A) consumerism B) organized religion C) unions D) big business