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Mobley Chapter 3: The Guilded Age Flashcards | StudBud
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Mobley Chapter 3: The Guilded Age
Mobley Chapter 3: The Guilded Age
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1
. Mark Twain first used the name “Gilded Age” in a novel. Why was this name used to describe the United States?
U.S. society was in a Golden Era of new inventions and economic growth.
Many U.S. citizens were becoming wealthy as a result of new inventions.
U.S. society was struggling with poverty and corruption despite growth.
The U.S. joined European countries in backing its currency with gold.
2
Determine whether each word or phrase describes
Cornelius Vanderbilt:
divided labor in his factory-assembly lines.
True
False
3
What does arbitration mean?
the crime of getting money by deceiving people
the settling of a dispute by a neutral third party
a group of workers from the same industry
arguing with someone
4
What is a labor union?
a group of football players
exclusive control of a product or service in a particular market
a group of workers on strike
a group of workers from the same industry or company
5
What is a trust?
exclusive control of a product or service in a particular market
an organizational structure that gives control of many business to trustees
a group of workers from the same industry or company
the crime of getting money by deceiving people
6
How was the Gilded Age a time of economic disparity?
Almost everyone gained wealth and was able to buy new goods.
Most people became very wealthy, but a few people were very poor.
A few people became very wealthy, but most people were very poor.
Everyone had approximately the same amount of money to spend.
7
Labor unions would sometimes use __________ , which occasionallyled to
violence
.
strikes
collective bargaining
laissez faire policies
8
Determine whether each word or phrase describes
Cornelius Vanderbilt:
created a coordinated railroad system
True
False
9
What does Gilded Age mean?
an era of farming and plantations
an era of slavery
an era when railroads, oil, steel, and coal become dominant industries
an era of music and movies
10
. Which organization is described in the box?
Amalgamated Association of Iron and Steel Workers
Order of the Knights of Labor
American Federation of Labor
Pullman Company
11
What conditions led to the development of labor unions?
strikes
low wages and long hours
collective bargaining
arbitration
12
How did Andrew Carnegie use vertical integration to succeed?
He made sure he owned different types of businesses in case one failed.
He owned all the businesses needed to produce his product.
He bought enough stock in a company that he would own it one day.
He made sure he invented a lot of different things, so he would be wealthy.
13
Labor unions tried to improve working conditions through __________
strikes
collective bargaining
laissez faire policies
14
What is fraud?
the crime of getting money by deceiving people
exclusive control of a product or service in a particular market
the settling of a dispute by a third party
unequal distribution of wealth and power among people
15
What is a monopoly?
exclusive control of a product or service in particular market
an organizational structure that gives control to many business to trustees
having no control of a product or service in a particular market
a group of workers that go on strike
16
Determine whether each word or phrase describes
Cornelius Vanderbilt:
worked in the steamboat shipping industry first
True
False
17
How were individual companies able to become so powerful in the Gilded Age?
Specialization left owners with more time to invest in other businesses.
Arbitration made a lot of industry leaders wealthy.
Labor unions were created to help protect workers.
Monopolies and trusts gave industry leaders more control.
18
. Why did George Washington Carver work so hard to invent ways to make products from peanuts and sweet potatoes?
To decrease costs for everyday goods that Americans needed and wanted.
To increase profits for his farm where he grew these crops.
To increase demand for new crops farmers could grow to replenish their soil
To increase western settlement.
19
George Washington Carver invented________ that can be produced from peanuts and sweet potatoes.
no products
2 products
more than 300 products
approximately 100 products
20
Determine whether each word or phrase describes
Cornelius Vanderbilt:
entrepreneur
True
False
21
What is a strike?
all workers working happily
an era when railroads, steel, and coal became industries
a refusal to work organized by a body of employees as a form of protest
a group of workers from the same industry or company
22
What is economic disparity?
unequal distribution of wealth and power among people
the crime of getting money by deceiving people
a refusal to work
equal distribution of wealth and power among people
23
Determine whether each word or phrase describes
Cornelius Vanderbilt:
brought innovation to an industry
True
False
24
Which statement reflects the mistrust of wealthy industrialists that many people developed during the Gilded Age?
Some industrialists were called “Captains of Industry.”
Some industrialists improved society by inventing new things.
Some industrialists were called “Robber Barons.”
Some industrialists hurt society by joining labor unions.