A cartel differs from a monopoly in that

businesses making the same product agree to limit production

Corporations had the important advantage of

reducing the financial risk for individuals investors

Which argument supports the perception of big business leaders as "captains of industry"?

Industrialists support for technology benefited the economy.

What was one effect of the events in Haymarket Square?

Americans turned away from radicalism

In the late 1800's, industrial workers

faced low wages and long hours in unsafe working conditions

How did the federal government support employers during times of labor unrest?

denied unions recognition as legally protected groups

The Federal government formed the Interstate Commerce Commission to oversee

railroad operations across the nation

Capitalism fueled industrialization by

encouraging entrepreneurs to establish businesses.

What punishment would a corporate violator of the Sherman Antitrust Act face?

a fine not exceeding 10,000,000

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US History Chapter 6

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review over industrialization and labor unions

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Questions 21

Answers

1
A cartel differs from a monopoly in that
all firms involved in the same business merge in one entity
one firm sets the prices for all goods in an industry.
businesses making the same product agree to limit production
one corporation has complete control of a product or service
2
Corporations had the important advantage of
developing into monopolies
keeping prices high
being run by an individual or a family
reducing the financial risk for individuals investors
3
Which argument supports the perception of big business leaders as "captains of industry"?
Industrialists support for technology benefited the economy.
Consumers were harmed by inflated prices
Worker's wages rose as industrialists profited.
Monolpolies forced small companies out of business.
4
As farms became more mechanized,
immigrants bought more land
more people became farmers
farm workers became rural entrepreneur
farmers moved to urban areas
5
Cartels, monolpolies, trusts and horizontal and vertical integration all share the goal of
raising wages
driving up costs
increasing profits
combining resources
6
Which labor organization was founded first?
American Federation of Labor
Knights of Labor
American Railway System
International Workers of the World
7
What was one effect of the events in Haymarket Square?
Employers gained powers over union's actions
membership in unions generally increased.
Americans turned away from radicalism
strikes became more violent than they had been previously.
8
which industry most spurred economic growth and innovations in related industries?
railroads
steel
oil
food
9
which labor leader began the American Fed-eration of Labor?
Terence V. Powderly
Eugene V. Debs
Uriah Smith Stephens
Samuel Gompers
10
The Sherman Anti Trust Act imposed limitations upon which group
small business owners
congress
farmers
large corporations
11
In what field did significant technological innovation occur in the late 1800's?
communications
all of the above
transportation
building materials
12
In the late 1800's, industrial workers
Increased the amount of time for recreation and leisure
Collaborated with employers to reform labor laws
took control of the factories in which they worked.
faced low wages and long hours in unsafe working conditions
13
How did the federal government support employers during times of labor unrest?
made company towns illegal
denied unions recognition as legally protected groups
called on the Pinkertons to stop strike
imprisoned Eugene Debs and other lab-or leader for life.
14
The ICC was formed to
make new transportation laws.
regulate communications across state lines
oversee railroad operations
control interstate commerce
15
one company controls the business that make up all phases of a product's development.
vertical integration
cartel
trust
horizontal intergration
16
Which event resulted in the execution of four anarchists and the decline of the Knights Labor?
Railroad Strikes of 1877
Pullman Strike of 1893
Homestead Strike of 1892
Haymarket Riot of 1886
17
Steel changed people's lives by making possible the
establishment of time zones
invention of radio
construction of skyscrapers
development of electricity
18
The Federal government formed the Interstate Commerce Commission to oversee
patent awards
railroad operations across the nation
labor union activity
interstate communications
19
Which innovation extended the number of hours in a day that Americans could work and play?
telegraph technology
electricity
Bessemer process
refrigeration
20
Capitalism fueled industrialization by
giving the country many natural resources
encouraging entrepreneurs to establish businesses.
requiring inventors to file patents
ensuring that all workers received high wages
21
What punishment would a corporate violator of the Sherman Antitrust Act face?
a fine not exceeding 10,000,000
a fine not exceeding 350,000
imprisonment not exceeding 3 yrs, fine not exceed 10,000,000
imprisonment not exceeding three years

US History Chapter 6 Flashcards | StudBud