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Chapter 13 - The Triumph of Industry (1865 - 1914) Flashcards | StudBud
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Chapter 13 - The Triumph of Industry (1865 - 1914)
Chapter 13 - The Triumph of Industry (1865 - 1914)
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US History I Test Review Chapter 13 The Triumph of Industry (1865 - 1914)
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Answers
1
The Sherman Antitrust Act imposed limitations upon which group?
Congress
small corporations
large- business owners
farmers
2
What was one effect of the events in Haymarket Square?
Membership in unions generally increased.
Americans turned away from radicalism.
Strikes became more violent than they had been previously.
Employers gained powers over unions’ actions.
3
Which argument supports the perception of big business leaders as “captains of industry”?
Workers’ wages rose as industrialists profited.
Consumers were harmed by inflated prices.
Industrialists’ support for technology benefited the economy
Monopolies forced small companies out of business.
4
How did Social Darwinists view poverty?
They encouraged philanthropy to poor people
They thought aid to the poor went against natural selection
They believed that people can go from “rags to riches”
They believed wealthy people should give away their money
5
A cartel differs from a monopoly in that
all the firms involved in the same business merge into one
businesses making the same product agree to limit production
one firm sets the prices for all goods in an industry.
one corporation has complete control of a product or service
6
When one company controls the businesses that make up all phases of a product’s development
horizontal integration
cartel
trust
vertical integration
7
In the late 1800s, industrial workers
collaborated with employers to reform labor laws.
increased the amount of time they had available for rest
took control of the factories in which they worked.
faced low wages and long hours in unsafe working conditions.
8
Which event resulted in the execution of four anarchists and decline of the Knights of Labor?
Homestead Strike of 1892
Railroad Strikes of 1877
Pullman Strike of 1893
Haymarket Riot of 1886
9
Capitalism fueled industrialization by
ensuring that all workers received high wages.
giving the country many natural resources.
requiring inventors to file patents.
encouraging entrepreneurs to establish businesses.
10
Which innovation extended the number of hours in a day that Americans could work and play?
Bessemer process
telegraph technology
electricity
refrigeration
11
Which of the following helped fuel economic growth by encouraging people to buy American goods?
laissez-faire
protective tariffs
patents
monopolies
12
Which labor organization was founded first?
Knights of Labor
International Workers of the World
American Federation of Labor
American Railway Union
13
In the late 1800s, workers tolerated poor wages and working conditions because they
could be replaced easily by other workers.
were tricked by employers into taking dangerous jobs.
believed it had to get worse before it got better.
thought that the government would protect them.
14
Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of
increasing profits.
combining resources.
driving up costs.
raising wages.
15
Which labor leader began the American Federation of Labor?
Samuel Gompers
Uriah Smith Stephens
Terence V. Powderly
Eugene V. Debs
16
Corporations had the important advantage of
reducing the financial risk for individual investors.
keeping prices high.
being run by an individual or a family.
developing into monopolies.
17
Steel changed people’s lives by making possible the
construction of skyscrapers.
development of electricity.
invention of radio.
establishment of time zones.
18
The federal government formed the Interstate Commerce Commission to oversee
labor union activity.
interstate communications.
patent awards.
railroad operations across the nation.
19
Horizontal integration differs from vertical integration in that it
merges stocks from multiple businesses
requires investment from a number of people
combines different businesses involved in all phases
consolidates many firms involved in the same business
20
Which industry most spurred economic growth and innovation in related industries?
steel
oil
railroads
food