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Chapter 17 Study Guide

Chapter 17 Study Guide - Alan Brinkley The Unfinished...

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Alan Brinkley, The Unfinished Nation : Study Guide Chapter 17: Industrial Supremacy 1. The “many factors” that contributed to the growth of American industry in the late 19 th century were abundant raw materials, a large and growing labor supply, a surge in technological innovation, the emergence of a talented and often ruthless group of entrepreneurs, a federal government eager to assist the growth of business, and an expanding domestic market for the products of manufacturing. 2. The light bulb was invented by Thomas Edison. 3. Steam-powered ships revolutionized ocean going transportation in the 19 th century. 4. The Bessemer Process led to the conversion of iron to steel. 5. The two technologies crucial to the development of the automobile were the creation of gasoline (or perol) and the development of the engine. 6. Stocks were so appealing as a type of business ownership because investors now had only “limited liability” – they risked only the amount of their investments and were not liable for any debts the corporation might accumulate beyond that point.
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