Which is the best explanation of how J.P. Morgan is noted to have thwarted the financial crisis in the early 1900s?
1. Which is the best explanation of how J.P. Morgan is noted to have thwarted the financial crisis in the early 1900s?
He became the President of the United States and implemented programs which improved the economy.
His business model did not create monopolies so other industries were able to enter the market.
By turning over the control of his businesses to the US government.
2. Why was J.P Morgan scrutinized despite his influence on the US economy?
This was due to his refusal to not assist the American government in financial matters.
He was blamed for the cause of the financial crisis.
He was accused of creating monopolies.
3. Which of the following is the best reason for why monopolies in an industry considered bad in the reading?
Mainly because it meant conducting business in industries overseas and not in your homeland industry.
It did not allow others to enter the industry, only one business dominated and controlled one particular industry.
It was a great way to create competition with many different businesses in one industry.
4. Which of the following was integral to the growth of the entire nation during the early 1900s?
Gas mask
The hair straightener
U.S Steel
5. What is the most accurate reason mass production was a successful method for Henry Ford?
Mass production was only successful for a short amount of time but was unable to keep up with the demand.
It was not that successful so Henry Ford did not utilize it.
It produced a large quantity of vehicles to meet demand.
6. In the late 1920s, what did Henry Ford do as his company profits increased?
He stopped production of his product.
He decreased production.
In response to the decrease in demand he moved production overseas.
7. How did Henry Ford expand his business internationally?
He opened up plants in other countries.
He sold off portions of his company to international buyers.
None of the above.
8. Though Lewis Henry Latimer made contributions to the lightbulb, he was not considered a key person involved in its development.
False
9. Which assumption can you make as to why Garrett Morgan’s safety hood device was not trusted during the rescue?
There were rumors that his safety hood device had errors.
Garrett Morgan was African American, so his race had an influence on the acceptance of his device.
There was already better devices that could be used at the time.
10. Sarah E. Goode would most likely be considered a problem solver with her invention of the cabinet bed.
False
