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Industrialization in the Gilded Age Flashcards | StudBud
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Industrialization in the Gilded Age
Industrialization in the Gilded Age
28 terms
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STAAR Review
Flashcards
28 cards
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Questions
28
Answers
1
Law that prohibited unfair pricing practices by the railroads
American Federation of Labor
Interstate Commerce Commission
Knights of Labor
Sherman Anti-trust Act
2
Impact that Alexander Graham Bell had on the American public?
controlled America’s oil production making gas cheaper
labor unions gained greater economic power
telephone allowed for instant verbal communication
higher quality steel led to more high rise building
3
Which concept does
not
reflect John D. Rockefeller?
90% of oil refined in America
horizontal integration
factories were located in Pittsburgh, PA
Standard Oil was his monopoly
4
Which concept does
not
reflect Andrew Carnegie?
donated millions to create libraries
factories were located in Cleveland, OH
vertical integration business model
monopolized steel business
5
If you thought these men were great businessmen you called them
Captains of Industry
Robber Barons
Political Machines
Socialist Entrepreneurs
6
Complete control over a particular industry or business is a
philanthropist
capitalist
monopoly
entrpreneur
7
Which term could be used to describe the large men in the political cartoon?
labor union leaders
philanthropists
captains of industry
muckrakers
8
Which was a positive effect of the transcontinental railroad?
forests were depleted
rivers and lakes became polluted
foods became more available in Eastern cities
buffalo were nearly wiped out
9
Which of the events followed because of the actions taken in image
Pullman went broke because of high rent
workers waged violent strike against Pullman Co.
workers started to receive unemployment insurance
Pullman was put in jail for not paying employees
10
Theory that the government should not interfere in the operations of the free market
Monopoly
Entrepreneur
Laissez-faire
Phhilanthropist
11
What term best describes the large men in the political cartoon?
robber barons
philanthropists
labor union leaders
muckrakers
12
He was once the richest man in world and controlled 90% of oil refineries in USA
George Pullman
J.P. Morgan
John D. Rockefeller
Andrew Carnegie
13
What impact did the Bessemer Process have on Industrialization
made better quality steel to build with
set up new form of business that protected investors
allowed immigrants to enter the USA easier
increased speed of communications
14
Many critics of big business claimed that monopolies harmed the American economy by
Unfairly limiting competition and driving prices up
Offering too many choices of products which confused buyers
Encouraging people to invest in the stock market
Prevent technology from improving production
15
Business model limiting risk and investors can pool resources to build giant companies called
company
consumerism
corporation
gilded
16
This cartoon portrays George Pullman as a
muckraker
captain of industry
philanthropist
robber baron
17
Bessemer Process led directly to which of the following ?
decrease in the number of men joining labor unions
reduction in the miles of railroad track being laid
expansion of industry in the Northeastern cities
increase in miles of highway roads constructed
18
Which business entrepreneur used this business model?
John D. Rockefeller
J.P. Morgan
Andrew Carneige
Alexander Graham Bell
19
What impact did Alexander Graham Bell have on American society?
was the first to fly
improved communications
made a higher quality steel
made travel faster
20
Economic system gives freedom to producers to decide what to make and consumers to what to buy.
socialism
communism
free enterprise
monopoly
21
Once was richest man in the world and created a monopoly in the steel industry
Andrew Carneige
John D. Rockefeller
George Pullman
J.P. Morgan
22
Business where all stages required for the production of product are controlled by one company
vertical integration
horizontal integration
23
Why are monopolies not good
limit amount of money entrepreneurs can make
prices are too low to make a profit
consumers have too many choices
limits competition and raises prices
24
What was an impact of Thomas Edison?
made gasoline cheaper
made communications faster
made businesses more effecient
allowed the world to go 24/7
25
If you thought these men took advantage of the public by creating monopolies, you called them
Socialist Entrepreneurs
Robber Barons
Political Machines
Captains of Industry
26
Concepts in the chart are most closely related to which of the following?
Expansion of the railroads
Discovery of gold in the Eastern states.
End of the Civil War
Invention of the automobile
27
Which of the following best describes the reason for these newspaper headlines?
Alexander Graham Bell Invents the Telephone
Carnegie’s Discovery of Gold in the West
Completion of the Transcontinental Railroad
Rockefeller Designs Internal Combustion Engine
28
Monopolies limit competition and lead to higher prices
Maybe
I D K
True
False