The AFL was successful where the Knights of Labor was not because

the AFL focused on wages and working conditions

Which is not a way the new railroad network changed America?

prices for new products increased

Which was an important obstacle to forming labor unions?

government supported management

Why did labor unions begin to form?

Unsafe, harsh working conditions, low pay, long hours

loaned money, bought troubled corporations and made $$$

Worker union accused of being anarchists in Haymarket Strike

share of a corporation's profit

surplus $$ of the few will become the property of the many

law of supply and demand

consumer prices rise with low supply and high demand

Kept products like the Model T automobile low priced

Rockefeller created the Standard Oil Co in order to...

control oil prices and business practices

How did big businesses defend themselves?

cheaper goods for consumers and higher wages for workers

a company that controls most of a business or industry

Which describes vertical integration?

controlling production- raw material to the finished product

What did the US government do to encourage the building of the first transcontinental railroad?

Gave railroad companies money and land

After the Civil War, corporations became a popular form of business organization...

to allow businesses to raise more capital

Why were many strikes in the late 19th century unsuccessful?

government policies favored businesses

Which was not a critisism of big business

workers would not be able to find jobs

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Industry!

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Questions 24

Answers

1
The AFL was successful where the Knights of Labor was not because
the AFL formed a political party
the AFL focused on wages and working conditions
the AFL bribed politicians
the AFL used violent tactics
2
Which is not a way the new railroad network changed America?
Businesses quickly shipped raw materials to factories
prices for new products increased
Consumers gained access to more goods
cities across the west grew rapidly
3
Which was an important obstacle to forming labor unions?
they were illegal
government supported management
factory workers were happy with their jobs
factory workers had a share in profits
4
Why did labor unions begin to form?
Workers wanted better living conditions
Unsafe, harsh working conditions, low pay, long hours
Workers wanted political power
There were workers looking for jobs
5
J.P. Morgan
loaned money, bought troubled corporations and made $$$
Built railroads and made tons of cash
invented the fish pole microphone
Built automobiles and made huge profits
6
Knights of Labor
Labor union that defeated robber barrons
Began in 1902
Workers on the night shift
Worker union accused of being anarchists in Haymarket Strike
7
dividend
share of ownership in a company
factories that make products
prices set by big business
share of a corporation's profit
8
Gospel of Wealth
Keep all the money for yo'self
Became a nice Christmas song
surplus $$ of the few will become the property of the many
Make as much money as possible by buying companies
9
Which was a result of the other three?
formation of labor unions
dangerous working conditions
long working hours
unequal distribution of profits
10
This practice keeps prices low and motivates companies to produce high quality products
Monopoly
competition
consolidation
Bessemer Process
11
Which development led to the other three?
growth of industry
increased demand for raw materials
formation of labor unions
federal regulation of business trusts
12
law of supply and demand
consumer prices rise with low supply and high demand
prices increase as demand decreases
high demand increases production costs
prices go up when supply increases
13
Mass production
Was responsible for building the trans-continental railroad
Kept products like the Model T automobile low priced
Produced high quality products
Produced poor quality products
14
Rockefeller created the Standard Oil Co in order to...
protect small oil companies
control oil prices and business practices
distribute money to charity
increase competition in the oil business
15
How did big businesses defend themselves?
more opportunities for small business growth
cheaper goods for consumers and higher wages for workers
easier shipping of raw materials
better control over markets
16
monopoly
a board game where you have to make it to the home zone
having factories to make products
a company that controls most of a business or industry
an economic system
17
Which describes vertical integration?
controlling production- raw material to the finished product
combining small companies into large ones
improving the production process
paying dividends to stockholders
18
What did the US government do to encourage the building of the first transcontinental railroad?
changed laws in the west
Gave away building materials
allowed immigrant workers to be hired
Gave railroad companies money and land
19
After the Civil War, corporations became a popular form of business organization...
to allow greater supervision of day-to-day business
to encourage workers and owners to share profits
to allow farmers to increase production
to allow businesses to raise more capital
20
Andrew Carnegie
Automobile industry
Trans-Pacific Railroad
Standard Oil Company
Steel industry
21
Why were many strikes in the late 19th century unsuccessful?
the government forced companies to honor contracts
military personnel filled in for striking workers
the government supported workers rights
government policies favored businesses
22
The octopus represents
the power of trusts
vertical integration
the use of political power
the danger of fossil fuels
23
Which was not a critisism of big business
wealth could influence politicians
little competition = high prices and low quality
workers would not be able to find jobs
abuse of free enterprise system
24
John D Rockefeller
Allied Steel
Standard Oil Company
Union Pacific Railroad
New York Yankees

Industry! Flashcards | StudBud