TCI Questions and Answers Already Passed

TCI Questions and Answers Already Passed An entrepreneur is a person who assembles and organizes the resources necessary to produce goods and services. How did government policies contribute to the boom in big business? It help them grow What was one consequence of the business boom? People began moving to the cities in search of their fortunes. Why did Mark Twain call this time period "the Gilded Age"? The growing number of millionaires showed off their new wealth at every opportunity. Andrew Carnegie brought the Bessemer process back to the United states. What was one consequence of his action? Steel began replacing iron in rails, locomotives, and bridges. Why is Edison considered the inventor who helped turn electricity into an everyday source of power? He and his team invented everything needed for an electrical power station and distribution system The inventor who created the telephone was Alexander Graham Bell. What was Henry Ford's great achievement? He mass-produced automobiles cheaply using a moving assembly line. Why were big businesses usually set up as corporations, rather than as partnerships? They needed more money to start up than just a few partners could provide. A trust is a group of corporations run by a single board of directors. Why did entrepreneurs create trusts in many different industries? Trusts made their industries more efficient and profitable What concern did some people have about trusts and the political process? Wealthy entrepreneurs were buying elections and corrupting public officials. What is the connection between industrialization and urbanization? People looking for jobs flocked to the cities, where most of the new industries were. Which words describe the tenements where