US History 11 Chapter 14 Test with verified answers

kerosene petroleum was in high demand because it could be turned into ___________ supply & demand laissez-faire relies on ___________ to regulate prices & wages help new American industries compete with large European factories during the early days of industrialization, many members of Congress believed that tariffs were necessary to lower costs & lower prices Economies of scale resulted in encourage rapid construction of tracks why did the government offer each railroad company building the transcontinental railroad land along its right of way? China From where did the Central Pacific Railroad hire workers from due to a shortage of workers in California? land grants railroad companies raised most of the money needed to build from what? investing in more machines & larger manufacturing facilities how did corporations achieve economies of scale? prices fell faster than wages In the late 1800s, workers' buying power generally increased by_______ protect property rights and maintain peace supporters of laissez-faire believed the government should only interfere in the economy to ready made clothes measurements taken of Union soldiers during the Civil War led to the development of Union Pacific & Central Pacific the 2 railroads the built the transcontinental railroad divided the country into 4 time zones What did the American Railway Association in 1883 to make rail service more reliable? lockout A ________ was a technique for breaking a union in which the company refused to allow the workers on the property & refused to pay them a federal action the 1894 Pullman Strike was halted by? bringing lots of different products into a large elegant building how did department notes change the idea of shopping? entrepreneurs people who risk their capital in organizing and running a business fixed costs costs a company has to pay whether or not it is operating monopoly a single company that achieves control of an entire market operating costs wages, shipping charges, & supplies are examples of? trade union Iron Molders' International Union Industrial union Knights of Labor Pacific Railway Act began the railroad boom Northrop automatic loom changed bobbins without stopping air brakes enabled longer & heavier trains holding company owns stock of companies that produce goods laissez-faire "let people do as they choose" trust manages property for others