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Exam (elaborations)

HIST 106 Dr. Ryan Test 1

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HIST 106 Dr. Ryan Test 1 Neolithic Revolution - correct answer The switch from nomadic lifestyles to a settled agricultural lifestyle. 4,000 years ago. Important because it derives from original written sources unlike oral. 1800s in the U.K - correct answer marks the beginning of industrial revolution. Replacement of muscle power with machine power. Considered 2nd greatest achievement in human history. Laissez-faire - correct answer Hands off economy. Believed government was product of entrepreneurs , or private business. Did not need national government help. Ways U.S enhanced businesses - correct answer Capitalist methods like no income taxes, no corporate profit taxes. Funding from sin taxes and tariffs. 1870s Corporations Boom - correct answer Has ability to raise more capital than any individual, (US steel 1st billion dollar industry.) 1870s Corporations Boom - correct answer Corporations have unlimited liability. 1870s Corporations Boom - correct answer Corporations can extend past original owner death. 1870s Corporations Boom - correct answer Corporation losses are limited to forfeiture of investments, not stockholders. 1870s Corporations Boom - correct answer Corporations have delineated hierarchy, every employee answers to someone above them. Northern State Industralization - correct answer manufacturing here was major contributor to northern civil war victory.

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Institution
FT 106
Course
FT 106

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HIST 106 Dr. Ryan Test 1

Neolithic Revolution - correct answer ✔✔The switch from nomadic lifestyles to a settled agricultural
lifestyle. 4,000 years ago. Important because it derives from original written sources unlike oral.



1800s in the U.K - correct answer ✔✔marks the beginning of industrial revolution. Replacement of
muscle power with machine power. Considered 2nd greatest achievement in human history.



Laissez-faire - correct answer ✔✔Hands off economy. Believed government was product of
entrepreneurs , or private business. Did not need national government help.



Ways U.S enhanced businesses - correct answer ✔✔Capitalist methods like no income taxes, no
corporate profit taxes. Funding from sin taxes and tariffs.



1870s Corporations Boom - correct answer ✔✔Has ability to raise more capital than any individual, (US
steel 1st billion dollar industry.)



1870s Corporations Boom - correct answer ✔✔Corporations have unlimited liability.



1870s Corporations Boom - correct answer ✔✔Corporations can extend past original owner death.



1870s Corporations Boom - correct answer ✔✔Corporation losses are limited to forfeiture of
investments, not stockholders.



1870s Corporations Boom - correct answer ✔✔Corporations have delineated hierarchy, every employee
answers to someone above them.



Northern State Industralization - correct answer ✔✔manufacturing here was major contributor to
northern civil war victory.

, Corporation Disadvantages - correct answer ✔✔Menaced economic theories.



Corporation Disadvantages - correct answer ✔✔Political beliefs were challenged



Corporation Disadvantages - correct answer ✔✔Corporation leaders became influential within society
and politics.



Railroads - correct answer ✔✔Controlled much of the economy and jobs. helped to settle mountain
time zone more quickly than should have been.



14th Ammendment - correct answer ✔✔was added in 1866 to protect helpless freed people, stated
equal protection of the law for all citizens. Abolished black codes.



Supreme court justices - correct answer ✔✔often filled with corporation owners.



What government gave to railroads - correct answer ✔✔1.Credit, 2.Land grands, 3. 14th amendment to
include corporations, 4. protective tariffs, 5. Access to government power. 6. Toleration of Nefarious
acts



Grover Cleveland - correct answer ✔✔Spoke against small factories having government protection via
high tariffs.



Convict Lease system - correct answer ✔✔Enacted by the south. Large farmers of plantation owners
could rent labor force from state prisons. Taxes were too high to make system last.



Industrial Black mail - correct answer ✔✔built only so existing railroads would but them out at a higher
price. Was a way to combat monopolies.



Nuance bills - correct answer ✔✔made by politicians copying business owners. Threatened to regulate
monopolies.

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Institution
FT 106
Course
FT 106

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Uploaded on
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Number of pages
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