U.S. History: Ch 12 Test

Wages, shipping charges, and supplies Are what kind of costs?

(a)  

The first oil well was drilled near Titusville, Pennsylvania, by

Represented all skilled/craft workers

(a)  

Began the railroad boom

Loans, mortgages, and taxes are what kind of cost?

(a)  

Control of a kind of industry by one person

(a)  

Enabled longer and heavier trains

(a)  

Belief that the government should not interfere in the economy

(a)  

Even before the invention of the automobile, petroleum was in high demand because it could

Laissez-faire relies on __________ to regulate prices and wages.