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Big Business and Labor
Big Business and Labor
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StudBud Administration
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Quiz about Big Business and its leaders in the 1800s
Flashcards
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Questions
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Answers
1
How did Rockefeller reap huge profits from his oil industry?
By treating his workers well
Both options two and three
By keeping prices down, hiking them after he had control
By paying low wages
2
The Federal govt.'s Act to end trusts and promote trade competition
Pure Food and Drug Act
Sherman Antitrust Act
ICC
Harrison's Antitrust Act
3
The Homestead Strike could represent many of the those labor struggles in that it was
Peaceful
Violent
Successful
Violent and largely unsuccessful
4
The first large scale, national Union was the
National Labor Union
International Workers of the World (IWW)
Ku Klux Klan
American Federation of Labor (AFL)
5
Darwin's theory of evolution used to explain success of rich and position of the poor
Horizontal integration
Social Darwinism
Financial Darwinism
Planet of the Apes
6
By 1899, how much steel were Carnegie's plants producing?
Most of the world's steel
More steel than all of Britain's factories
About as much as Great Britain
Less than Great Britain
7
Who "bailed" out the American Railroad industry during the panic of 1893?
Wealthy bankers
International investors
Andrew Carnegie
Congress
8
How much of an impact did the Railroad have on the US economy in the 1800s?
A moderate one, same as steel and coal industries
None at all
Again, not really sure
A huge one, being the largest industry
9
John D Rockefeller made his fortune in which industry?
Steel
Alcohol smuggling
Oil
Coal
10
On the whole, how successful were labor unions at attaining greater workers rights at first?
No one is really sure...
Not at all successful
Somewhat successful, with shorter hours and greater pay
Very successful, with membership climbing steadily
11
Carnegie's profit-maximizing strategy of buying out all levels of production and distribution
Financial segregation
Diagonal integration
Vertical integration
Horizontal integration
12
Carnegie's competition-reducing strategy of buying out all of his competitors in an industry is
Financial segregation
Horizontal integration
Diagonal integration
Vertical integration
13
What effect did Railroads have on the creation of Big Business
Railroads help lift America from the panic of 1893
They were the first corporations
They led to a more stable economy
They helped promote healthy competition
14
Rockefeller and competitors turned their stocks over to a board who ran them like one corp.
Trust
Franchise
Monopoly
Legal Merger
15
How did Industrial leaders use Congress to fight the unions?
They got new legislation passed prohibiting unions
They bribed the president to push for it in Congress
The got elected to Congress
They got the Sherman Antitrust Act turned against labor
16
Eugene V Debs and the IWW represented some American's turn toward
Socialism
Communism
The Granger Laws
Laissez Faire Capitalism
17
"Mother" Mary Harris Jones helped convince president Roosevelt to
Push for child labor laws
Push for labor laws for women
Get her out of jail
Push for the legalization of unions
