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