The Father of the Factory System in the United States was
a. Robert Fulton.
b. Samuel F. B. Morse.
c. Eli Whitney.
d. Samuel Slater.
e. Francis Cabot Lowell.
Question 2
Identify the following statement that is false.
a. Land was cheap in America; this helped fuel the immigration flux in the 1840s and 1850s.
b. Money for capital investment was not plentiful in pioneering America and required an influx of foreign capital during the Industrial Revolution.
c. Foreign capital was dependent upon security in property rights, sufficient infrastructure, an adequate work force, and political stability.
d. Even though capital was lacking, raw materials were widely developed and discovered in America from colonial times through the 1840s.
e. The United States had a difficult time producing goods of high quality and cheap cost to compete with mass-produced European products from colonial times until the 1840s and 1850s.
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