Early Americans |
#1 |
In the 1800s, why did many settlers move west? |
They wanted to find more land. |
#2 |
Why did the earliest Americans come to North America? |
They followed a migrating herd of animals. |
#3 |
Why did many settlers move to California in 1848? |
Gold was discovered. |
#4 |
What basic needs did most people trade for? |
food, clothing, shelter |
#5 |
How do climate and resources cause regions to be economically interdependent? |
Regions produce different goods depending on the climate and resources of that region. Because they can't produce everything, they must depend on other regions to get other goods that they need. |
Economy |
#1 |
If you choose to buy a soccer ball instead of a basketball, what is your opportunity cost? |
the basketball |
#2 |
The amount of an item that consumers are willing to buy at different prices is called ______. |
demand |
#3 |
If the demand for a product is high, and the supply is low, what will happen to the price? |
The price will increase. |
#4 |
If the demand for a product is low, and there is a large supply, what will happen to the price? |
The price will decrease. |
#5 |
What does a business do to make sure it makes a profit? |
The business sets the price high enough that it can pay for its costs and still have money left over. |
Industry |
#1 |
What 2 resources were the most important in the industrial growth of the United States? |
iron and coal |
#2 |
Because America was rich in iron and coal, what happened to industries? |
Industries grew. |
#3 |
In the late 1800s, what was built that helped transportation? |
Railroads were built across the country. |
#4 |
What did the rapid growth of industries cause people to do? |
People moved to the cities to find work. |
#5 |
Name the 3 changes that happened in the late 1800s. |
Industries grew, people moved to the cities, and railroads were built across the country. |