Social Darwinism promoted the idea that

stronger business would succeed at the expense of weaker

Big Business of the late 1800's contributed most to economic growth by

Establishing large corporations

The term monopoly best describes

A company that controls or dominates an industry

One advantage of a corporation over an individually owned business is

easier access to investment capital

studbud

Schiff Chapter 18

10 termsStudBud Administration79 plays

Review Questions for Test Part 1

Flashcards10 cardsFPractice quizPHost liveL

Questions 10

Answers

1
John D Rockefeller controlled what industry
Oil
Coal
Steel
Rail Roads
2
In the late 19th century, the major goal of trusts was to
Help workers improve their relations with management
cooperate with government agencies
eliminate competition
encourage the formation of new businesses
3
Social Darwinism promoted the idea that
Natural selection is contrary to democracy
the poor should be protected by government actions
New immigrants were equal to native-born Americans
stronger business would succeed at the expense of weaker
4
Andrew Carnegie controlled what industry
Oil
Coal
Steel
Banking
5
Big Business of the late 1800's contributed most to economic growth by
Opposing protective tariffs
Establishing large corporations
Encouraging government ownership of banks
Supporting the efforts of labor unions
6
The term monopoly best describes
most common form of business in the US
Government control of the means of production
A company that controls or dominates an industry
A agreement between partners to manage a corporation
7
which of the following reflect the age of big business 1865-1900's
All of the above
Immigrants worked for low wages
Robber Barron's ruled business
Unsafe conditions at work and home
8
During the late 1800's, business leaders formed trusts mainly to
Establish overseas factories
Improve worker productivity
Eliminate Competition
Reduced Prices
9
Who used ruthless business tactics against their competitors.
All of these are
John D Rockefeller
Andrew Carnegie
J. Piermont Morgan
10
One advantage of a corporation over an individually owned business is
exemption from prosecution under antitrust laws
a positive relationship between labor and management.
easier access to investment capital
Unlimited legal liability for damages

Schiff Chapter 18 Flashcards | StudBud