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Gilded Age Review Flashcards | StudBud
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Gilded Age Review
Gilded Age Review
25 terms
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StudBud Administration
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289 plays
A brief overview of the economic and labor issues of the Gilded Age
Flashcards
25 cards
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Questions
25
Answers
1
By the late 19th century, architects and engineers were able to design skyscrapers because of the technological in
Mining and heating systems
Oil and electric production
Printing press and blueprints
Steel production and elevators
2
Which of the following best conveys the message from the image?
United States policies favored Big Business
Trusts were becoming increasingly upset with government involvement
Big Business always welcomed government investments
Monopolies were supportive of government policies
3
During the late 1800s, business leaders formed trusts mainly to-
Reduce prices
Establish factories overseas
Eliminate competition
Improve working conditions
4
What was the main benefit that labor unions of the late 19th century gained for their members?
Job security and longer working hours
Improved wages and hours
Health insurance and unemployment benefits
Paid vacation and increased wages
5
What did the American Federation of Labor try to achieve in the late 1800’s?
Control of decision making in the market
Higher wages and better working conditions
More benefits for Big Businesses
Employee ownership of factories
6
A similarity between the Interstate Commerce Act and the Sherman Antitrust Act was that they both-
Expand the positive features of Trusts
Made profits for Big Businesses
Favor big business over small companies
Monitor aspects of big business
7
What conclusion can be drawn from the table about the effect of the Transcontinental Railroad on these Western Cities?
The population of Western cities increased greatly
These cities became corrupt and crime ridden
Railroads had little impact on these cities
City population slowly decreased
8
In this excerpt, Justice Harlan is warning against —
allowing labor unions to interfere with production goals
allowing powerful monopolies to dominate interstate commerce
a civil service based on patronage rather than merit
a lack of federal funding for essential transportation systems
9
Which title best completes this list?
Objectives of Trade Union Leaders
Responsibilities of Business Professors
Goals of the Federal Reserve
Roles of Entrepreneurs
10
What were reasons why John D. Rockefeller, Andrew Carnegie and JP Morgan were sometimes called Robber Barons?
Made unnecessarily risky investments
Used ruthless business tactics against their competitors
Stole money from the federal government
Robbed from the rich to give to the poor
11
Based on the passage above, what did Gompers see as the benefit of joining a labor union?
workers were able to work for a dollar and twenty-five cents
workers were able to have their children work in mines
workers now worked longer hours in coal mines
workers had gained better working conditions
12
What was the most significant economic impact of the Transcontinental Railroad during the late 1800’s?
Rapid rebuilding of the South after the Civil War
Expanded interstate commerce nationwide giving people access to more goods
Eliminated American businesses
Eliminating overseas trade with Europe
13
The Knights of Labor and the American Federation of Labor developed in response to the —
Decreased profitability of the agricultural sector
Decreased power of political machines
Increased demand for skilled workers
An increased need to protect worker interests
14
In the early 1900s, this illustration could have been used to support the point of view that-
Employee benefits such as health care should be provided by employers
Laws were needed to provide equal employment opportunities
Working children enjoyed working to support families
Laws were needed to protect children from exploitation
15
Which Andrew Carnegie quotation best explains why he funded libraries like the one in the picture above?
"The price which society pays for the law of competition...is great."
"To set an example of modest, ostentatious living."
“The best means of benefiting the community is to place...ladders."
"...Often there is friction between employer and the employed."
16
Which was a benefit of the United States government’s laissez-faire policies toward business during the late 1800s?
Minimal investment resulted from Laissez-faire
Strong government regulation spurred the rise of entrepreneurship
Strong government regulation increased wages for unskilled workers
Minimal government regulation allowed investment/growth to prosper
17
Which of the following occurred between 1865 and 1900 as a result of the rapid industrialization of the United States?
Political Corruption began to decrease
Concerns about air pollution led to stricter environmental regulations
Union membership increased as workers sought better pay and conditions
Social and economic class divisions began to disappear
18
Which of the following occurred as a result of the Sherman Antitrust Act?
The influence of labor unions on factory owners was reduced
The federal government could dissolve business monopolies
Monopolies felt no threat and continued with regular business
Workers secured a greater share of company profits
19
How did the invention shown in this patent affect industry?
Products could be manufactured on an assembly line
Products were sold for more than they were worth
Machines needed to be repaired less frequently
Factories could extend working hours
20
One way the U.S. government responded to the problems caused by the conditions in this list was by-
allowing Trusts to have a bigger role in lawmaking
implementing the silver standard for currency
passing the Interstate Commerce Act
creating a federal jobs program for the unemployed
21
The image best reflects Andrew Carnegie's role as a(n)-
Robber Baron
Trust Buster
Entrpreneur
Philanthropist
22
In the late 1800s, supporters of laissez-faire capitalism claimed that government regulations on business would-
Be essential to protect the rights of the consumers
Slow down and be harmful to economic growth
Be necessary to provide jobs for the unemployed
Be useful to help compete with foreign nations
23
What conclusion can be drawn from the excerpt above?
Illinois tried to address some of the problems caused by industrialization
Most workers in Illinois were members of a labor union
Illinois was not interested in improving factory working conditions
Union membership in factories and workshops was prohibited in Illinois
24
What is the main idea of the cartoon?
Ordinary people are not allowed in the Senate
Owners of business monopolies control the Senate
Big business owners were also members of the Senate
The Senate is working for the people, not for special interests
25
The principal message of the cartoon is that the Standard Oil Company—
Protected the nation from foreign competition
Used its size to lower the prices of its product
Protected the consumers interests
Used its economic power to influence government decisions