Economy Of The United States! Historical Trivia Facts Quiz

10 Questions

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Economy Of The United States! Historical Trivia Facts Quiz

Do you know some of the historical facts surrounding the economy of the United States? Currently, America leads the world when it comes to public debt, followed by Japan. The country has had times of economic difficulties and boosts over the years. Take this test and see if you want to know its economic journey to this point. All the best!


Questions and Answers
  • 1. 
    How long did it take to build the transcontinental railroad?
    • A. 

      2 years

    • B. 

      7 years

    • C. 

      5 years

    • D. 

      20 years

  • 2. 
    What two new forms of energy changed the American way?
    • A. 

      Petroleum and electricity

    • B. 

      Whale oil and electricity

    • C. 

      Wind power and biomass

    • D. 

      None of the above

  • 3. 
    Before people started drilling for oil, they would melt whale fat or dig large pits and let the oil seep above ground.
    • A. 

      True

    • B. 

      False

  • 4. 
    The Bessemer process made the production of steel...
    • A. 

      Slower

    • B. 

      More expensive

    • C. 

      It had no impact

    • D. 

      Faster by allowing mass production

  • 5. 
    Who's steel company was in control of the monopoly of steel?
    • A. 

      Andrew Carnegie

    • B. 

      John D. Rockefeller

    • C. 

      President Benjamin Harrison

    • D. 

      There wasn't a monopoly on steel

  • 6. 
    Socialism is an economic and political philosophy that favors the public instead of private control of the means of production, most Americans...
    • A. 

      Favored the idea

    • B. 

      Opposed the idea

    • C. 

      Were indifferent about it

  • 7. 
    Although Rockefeller had almost complete control over the oil market, he wasn't all bad. Rockefeller did many good things for our state of living and infrastructure. What was not something that Rockefeller established or helped establish?
    • A. 

      Public Libraries

    • B. 

      The Rockefeller Foundation

    • C. 

      University of Chicago

    • D. 

      None of the above

  • 8. 
    Many strikes broke out in the US from 1881 to 1900, which one was particularly violent?
    • A. 

      The Pullman Strike

    • B. 

      The Great Railroad Strike

    • C. 

      Homestead Strike

    • D. 

      Answers A and C

  • 9. 
    Which labor union was the first national labor organization?
    • A. 

      Knights of Labor

    • B. 

      American Federation of Labor (AFL)

    • C. 

      National Trades Union

    • D. 

      None of the above

  • 10. 
    Which development led to the standardization of time zones across the country?
    • A. 

      The telegraph

    • B. 

      Central Power Station

    • C. 

      The transcontinental Railroad

    • D. 

      The telephone