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Industrialization
Industrialization
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US History Test Review: Industrialization
Flashcards
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Questions
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1
Which two philosophies dominated the thinking of most political and business leaders?
neutrality and capitalism
communism and anarchism
Social Darwinism and laissez faire
populism and pragmatism
2
Railroad companies contributed to the economic development of the US by
raising prices for farmers
eliminate the need for water transportation
concentrating on the military
provide the most efficient transportation over distances
3
The main purpose of antitrust legislation passed by Congress is to
reduce the size of businesses
restore competition between similar businesses
limit illegal immigration
promote corporate mergers
4
One factor that furthered industrialization in the US between 1865 and 1900 was
mass production of railroads
development of the airplane
expansion of railroads
widespread use of steamboats
5
A significant contribution to industrialization of the US was Henry Ford's development of
the first holding company
electric-powered vehicles
the assembly line
a new process for making steel
6
Profits indicate how well the most intelligent and capable people can survive in society
White Man's burden
Utopian socialism
Christian charity
Social Darwinism
7
After the Civil War, one way business leaders tried to eliminate competition was by
paying higher wages to their workers
developing overseas markets
forming monopolies or trusts
increasing price of production
8
Samuel Gompers, Terence Powderly, and Eugene Debs were leaders in the movement to
improve working conditions
decrease monopolies and trusts
limit illegal immigration
stop racial segregation
9
In the late 1800's, most strikes by unions were unsuccessful because
government usually supported business
unions were considered unconstitutional
strikers failed to use militant acts
they were never used before
10
Stronger businesses would succeed at the expense of weaker buisinesses
Monopoly
Social Darwinism
Multinational Corporation
Industrialization
11
The primary purpose of forming a corporation is to
force down the price of manufactured articles
obtain higher wages for industrial workers
allow for greater accumulation of investment capital
gain control over a particular industry
12
The major economic trend in the US during 1865-1900
prohibition
support for police actions against foreigners
eliminating competition
sharecropping
13
Which development led to the other three?
creation of labor unions
growth of industrialization
expansion of the middle class
formation of trusts
14
How did the government help the transcontinental railroad companies in the late 19th century?
established uniform shipping rates
providing free land for railroad construction
breaking up railroad monopolies
setting safety standards for railroad operations
15
The railroad strikes, the Haymarket Affair and the Pullman strike show that labor unions were
willing to use force to achieve their goals
supported by the Federal Government
firmly committed to laissez-faire capitalism
unable to organize large group of workers
16
what was a basic economic goal of labor unions of the late 19th century?
increase the amount of workers
to achieve a shorter work day with higher wages
government ownership of industry
equal pay for equal work
17
Term was given to those who maximized profits by eliminating competition and exploiting workers
robber baron
monopoly
Populists
Haymarketers
18
A company that controls or dominates an industry
corporation
business monopoly
Robber Baron
assembly line
19
A reason John D. Rockefeller, Andrew Carnegie, and J. P. Morgan were called robber barons
made unnecessary risky investments
robbed from the rich to give tot he poor
stole money from the government
used ruthless business tactics against competitors
20
During the late 18's, leaders of big business supported the passage of
immigration restrictions
higher tariff rates
railroad regulation
antitrust lawa
21
The main purpose of the Sherman Antitrust Act of 1890 was to
reduce the role of the courts in labor disputes
declare unions illegal
restrict the growth of monopolies
introduce civil service reforms
22
The term that best describes the US economic policy during the rise of big busineess
Welfare-state capitalism
Marxism
Laissez-faire capitalism
Mercantilism
23
A major population trend was the
movement of people from farms to the cities
movement of people from the south to the north
decline in the yearly number of immigrants
sharp decline in the birthrate
24
Why did businesses form trusts, pools, and holding companies to
provide employment for minorities
increase profits by eliminating competition
protect workers
offer a wide range of goods and services
25
The Interstate Commerce Act and Sherman Antitrust act were efforts by the government to
move toward government ownership of key industries
favor big business
expand the positive features of trusts
regulate some aspects of business