Question

1. how did the patent system encourage inventiveness?

a. it guaranteed an inventor sole rights to the use of his or her invention for a
limited time.
b. it guaranteed inventors a fee if they successfully applied and were granted a
patent.
c. it ensured that inventors could locate manufacturers to produce their inventions.
d. it advertised an invention so that the inventor could sell more products faster.

1. which inventor predicted that, “the day is coming when telephone wires will be

laid on to houses just like water and gas—and friends will converse with each other
without leaving home,” by using his invention?
a. thomas edison c. lewis howard latimer
b. henry bessemer d. alexander graham bell

1. which entrepreneur is not correctly paired with his field?

a. john d. rockefeller → telecommunications
b. andrew carnegie → steel
c. gustavus swift → meat - packing
d. j. p. morgan → finance

1. these steps are all performed by a single company.

which of the following best describes the diagram?
a. horizontal integration c. trust company
b. vertical integration d. holding company

1. what was the significance of the passage of the interstate commerce act (1887)

and the sherman antitrust act (1890)?
a. they encouraged big business to grow by passing protective tariffs.
b. they prevented poor quality goods from being shipped across state lines.
c. they were both used to break up labor unions that interfered with free enterprise.
d. they established the principle that congress could regulate business in certain
circumstances.

1. which african - american inventor is credited with over 50 patents on lubricating

systems for steam engines?
a. garrett morgan c. sarah goode
b. elijah mccoy d. john burr

Explanation:

• Question 2: A patent system gives inventors exclusive rights for a limited time (A). This incentivizes invention as inventors can profit from their work without immediate competition.
• Question 3: Alexander Graham Bell invented the telephone. His prediction about telephone wires being as common as water and gas lines aligns with his invention (D).
• Question 4: John D. Rockefeller was in the oil industry, not telecommunications (A). Andrew Carnegie (steel), Gustavus Swift (meat - packing), and J.P. Morgan (finance) are correctly paired.
• Question 5: Vertical integration involves a company controlling different stages of production (from hog farms to transporting pork products). Horizontal integration is acquiring competitors, a trust is a combination of firms, and a holding company owns other companies' stock (B).
• Question 6: The Interstate Commerce Act and Sherman Antitrust Act established Congress's right to regulate business (D). They were not about protective tariffs (A), poor - quality goods (B), or breaking labor unions (C).
• Question 7: Elijah McCoy is known for his patents on lubricating systems for steam engines (B). Garrett Morgan made contributions like the gas mask, Sarah Goode was a furniture inventor, and John Burr is not associated with these lubricating patents.

Answer:

1. A. It guaranteed an inventor sole rights to the use of his or her invention for a limited time.
2. D. Alexander Graham Bell
3. A. John D. Rockefeller → telecommunications
4. B. vertical integration
5. D. They established the principle that Congress could regulate business in certain circumstances.
6. B. Elijah McCoy