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Rise of industry Flashcards | StudBud
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Rise of industry
Rise of industry
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Rise of industry review
Flashcards
42 cards
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Questions
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Answers
1
What philosophy held that some people fail in life because of things beyond their control?
Social Darwinism
realism
naturalism
individualism
2
Urbanization
occurs when
When a city loses all of its money
the population shifts from rural to urban areas.
When a company buys another company
the population shifts from urban to rural areas.
3
This type of business is owned by MANY investors who each own shares of the company
Franchise
Partnership
Sole Proprietorship
Corporation
4
What was the effect of Upton Sinclair’s The Jungle on the USA?
the creation of OSHA
Adding more fire extinguishers to factorys
The passage of the Meat Inspection Act
Improved working conditions all over the country
5
Which of the following is NOT a factor that led to the growth of industry in the U.S.?
Expansion of the railroads
natural resources
Large population/labor force
African American suffrage
6
Why were many big businessmen of the Gilded Age called "Robber Barons"?
Because they were ruthless and eliminated their competition
Because they were innovative and philanthropic
Because they were petty criminals.
Because they created lots of jobs
7
Loans, mortgages, and taxes are an example of a company’s
stock
fixed costs
Operating costs
pools
8
Nativism in the late 1800s was focused on Asian immigrants, Jewish immigrants, and
Canadian immigrants
Scandinavian immigrants
eastern European immigrants
British immigrants
9
The main idea of Andrew Carnegie's "Gospel of Wealth" was that wealthy people
Invest in sole proprietorships
should keep it for their families
Have a responsibity to give away their money while alive
should give their money to city governemnt
10
In capitalism, most industries are run by
the government
oligarchs
private businesses.
stores
11
Upton Sinclair’s The Jungle is an example of which of the following terms
Yellow Journalism
Fake news
An opinion piece
Muckraking journalism
12
Some railroad investors discovered they could make more money by
leaking information
obtaining and selling government land grants
trading on margin.
selling stock
13
According to the concept of laissez-faire, prices and wages are best determined by the
federal government
gross national product
free market
individual states.
14
Negative Effects of Urbanization include
all of the above
tenements housing
Increase in crime
Corrupt political machines such as Tammany Hall
15
Ida Tarbell brought down which big business leader
Cornelius Vanderbilt
John D. Rockefeller
Andrew Carnegie
Herny Frick
16
By the early 1900s, Americans had transformed the United States into the world’s leading
industrial nation
gross national product
military establishment
laissez-faire country
17
The philosophy of Social Darwinism applied Charles Darwin’s theory of evolution to
human society and competition
political and economic issues
the social reform movement
biblical accounts of creation
18
A business incurs operating costs by paying
rent to a landlord
.property taxes to the government
wages to hourly employees.
interest on a bank loan
19
The Process of a steel company buying all of its competitors is called
stock integration
capital integration
horizontal integration
vertical integration
20
When one company buys it competitors and combines it into one corporation its called
horizontal integration
vertical integration.
a holding company
a monopoly
21
Jacob Riis was best know for
Inventing the typewriter
Writing the Jungle
Exposing the horrible conditions of Americas working class
Throwing 4 touchdown passes in the Superbowl
22
Theodore Roosevelt gained this nickname for breaking up large corporations.
Monopolybuster
Ghostbuster
Dustbuster
Trustbuster
23
Social Darwinism was used by some industrial leaders to justify
laissez-faire capitalism
philanthropy
government regulation
political activism
24
At the turn of the century, why did most immigrants to the United States settle in cities
?
Labor Union leaders encouraged unrestricted immigration
Jobs in factories were readily available
Immigrants were not permitted to buy farmland
Government required immigrants to settle in cities
25
One factor that helped industrialization in the U.S. between 1865 and 1900 was the
development of the airplane
mass production of automobiles
expansion of the railroads
widespread use of steamboats
26
Reporters who exposed the horrible conditions of the working class were called
Leaf rakers
Muckrakers
Trustbusters
Robber Barrons
27
Corporations issue stock to
raise large amounts of money and spread financial risk.
allow them to lower prices on their products
create a large business by buying many small businesses
allow them to open factories in rural areas
28
Supporters of laissez-faire believed the government should interfere in the economy only to
protect property rights and maintain peace
bring the country out of an economic crisis.
keep prices from rising too much
protect new domestic businesses from foreign competition
29
With new technology, factories could
produce more goods at lower prices.
produce fewer goods at lower prices
produce fewer goods at higher prices.
produce more goods at higher prices.
30
Part ownership of a corporation is called a
Loan
Bond
Stock
Dividend
31
A strong hatred and fear of immigrants by native born people is called
anti- nativism
Assimilation
Americanization
nativism
32
___ was equally as important as natural resources in the nation’s rapid industrialization.
Boston Bruins
The political system
Increased population
A new tariff law
33
Henry Clay Frick was best known for
Being in Mr. Scheer's history class
Inventing the Ligh Bulb
Creating standard oil
Breaking up the Homestead strike of Andrew Carnegie
34
Carnegie's strategy in which his company controlled ALL stages of production.
Horizontal Integration
Total Production
Top to Bottom Production
Vertical Integration
35
By linking the nation, railroads helped increase the size of markets for
immigration
homesteaders
.Native Americans
New products
36
One reason for America’s industrial success was its
wide open spaces
abundant raw materials
access to oceans
small workforce
37
The Homestead strike occurred where?
Vanderbilts Railroad
Andrew Carnegie Steel Factory
Rockefeller oil refinery
Thomas Edisons Laboratory
38
Agreements among companies to keep prices at a certain level were known as
monopolies
pools
grants
holding companies
39
This captain of industry gained wealth by expanding the railroad industry in the U.S
Cornelius Vanderbilt
Andrew Carnegie
John D. Rockefeller
J.P. Morgan
40
Many labor unions opposed immigration, arguing that most immigrantss
would work for low wages.
did not understand English
would not join a union
had no marketable skills
41
Railroad companies raised most of the money that they needed to build their railroads from
subsidies from tax revenues.
hauling freight to market.
private investors.
selling government land grants
42
Workers who tried to organize a union or strike were often fired and placed on a
outlist
strikelist
unionlist
blacklist.
