Question

1. Which economic policy was used to help American industry during the Second Industrial Revolution?

A.) laissez-faire capitalism
B.) socialism
C.) collective bargaining
D.) populism

2. During the early 20th century, corporations used holding companies to do which of the following?
A.) reduce the power of unions
B.) shelter earnings from income taxes
C.) pursue a policy of vertical integration
D.) exert a greater amount of political influence

3. What impact did developments in the steel industry during the 19th century have on the United States?
A.) They made steel stronger and more flexible, allowing for the development of aircraft for the military.
B.) They made the consumption of oil more important, resulting in a growing dependence on foreign energy sources.
C.) They made the production of the steel rails cheaper, helping to spread railroad networks throughout the nation.
D.) They made it possible to manufacture inexpensive cars, leading to the construction of interstate highways.

Answer 1

Below are the answers to the above questions:

1. laissez-faire capitalism
2. reduce the power of unions
3. They made the production of the steel rails cheaper, helping to spread railroad networks throughout the nation.

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Answer 2

Hello!

Economic policy used in the US during the second industrial revolution was the model of laissez-faire capitalism. Socialism and populism have not been used often in the US.

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The main consequence of the use of holding was to reduce the power of couplings, since it is configured symbolic monopoly.

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The steel industry has contributed to the territorial and technological expansion. This is remarkable when we look at the railroads.

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