In the late 19th century, Congress tried to limit the power of monopolies by

passing the Sherman Antitrust Act

Many of the business trusts created in the late 1800s were eventually declared illegal primaril

eliminated competition by forming monopolies

In the late 1800s, the creation of the Standard Oil Trust by John Rockefeller was intended to

control prices and practices in the oil refining business

The theory of laissez-faire economics was used during the late 1800s to

justify unregulated business growth

In the late 1800s, rapid industrial development resulted in

an increase in the rate of urbanization

The term robber baron was used to criticize the

tactics of big-business leaders

In passing the Sherman Antitrust Act (1890), Congress intended to

prevent large corporations from eliminating their competitio

New York was one of the most powerful states in the nation because it

became the financial and industrial center of the nation

Industrialists of the late 1800s used pools and trusts to

increase profits by minimizing competition

Congress passed the Interstate Commerce Act and the Sherman Antitrust Act in response to

monopolistic practices that were harmful to small businesses

The growth of big business in the late 1800s resulted in

the widening of the economic gap between rich and poor

What was one major impact of industrialization in the United States?

a rise in the standard of living

Which statement best describes an attitude shared by Rockefeller, Carnegie, and J. P. Morgan?

Economic competition is inefficient and wasteful.

The principal message of the cartoon is that the Standard OilCompany

used its economic power to influence government decisions

Business leaders Rockefeller, Morgan, and Vanderbilt were referred to as robber barons because

were ruthless in dealing with competitors

What was the major purpose of the Sherman Antitrust Act and the Clayton Antitrust Act?

promoting fair competition between businesses

The term business monopoly can best be described as

a company that controls or dominates an industry

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Big Business Boom

29 termsStudBud Administration243 plays

US History Regents Prep: Big Business Boom

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Questions 29

Answers

1
During the late 1800s, the principles of Social Darwinism and laissez-faire economics were. . .
farmers
owners of big business
organizers of labor unions
coal miners
2
In the late 19th century, Congress tried to limit the power of monopolies by
adopting Granger laws
creating the Federal Trade Commission
passing the Sherman Antitrust Act
strengthening the Supreme Court
3
Many of the business trusts created in the late 1800s were eventually declared illegal primaril
allowed children to work under unsafe conditions
donated large sums of money to political candidates
eliminated competition by forming monopolies
combined companies that manufactured differentproducts
4
In the late 1800s, the creation of the Standard Oil Trust by John Rockefeller was intended to
protect small, independent oil firms
increase competition among oil refining companies
distribute donations to charitable causes
control prices and practices in the oil refining business
5
The theory of laissez-faire economics was used during the late 1800s to
call for more consumer protection
support Progressive programs
achieve equal distribution of income
justify unregulated business growth
6
Which factor contributed the most to urbanization in the late 1800s?
nullification
imperialism
industrialization
assimilation
7
Which economic policy argues that government should limit any interference in the economy?
laissez-faire
mercantilism
protectionism
socialism
8
In the late 1800s, rapid industrial development resulted in
a decrease in population growth
an increase in the price of farm products
an increase in the rate of urbanization
a decrease in tariff rates
9
The term robber baron was used to criticize the
corruption of government officials
unskilled labor of illegal immigrants
dishonesty of carpetbaggers
tactics of big-business leaders
10
In passing the Sherman Antitrust Act (1890), Congress intended to
regulate rates charged by railroads
distinguish good trusts from bad trusts
force large trusts to bargain with labor unions
prevent large corporations from eliminating their competitio
11
New York was one of the most powerful states in the nation because it
offered more civil liberties than any other state
produced more presidents than any other state
led the nation in achieving political reforms
became the financial and industrial center of the nation
12
Critics of big business claimed that monopolies most harmed the economy by
failing to keep pace with European industries
limiting competition
decreasing the urban growth rate
preventing technological innovation
13
In the late 1800s which concept was used to justify the accumulation of great wealth and power?
Manifest Destiny
Social Darwinism
conspicuous consumption
self-determination
14
During the late 1800s, pools and trusts were used by big business in an effort to
improve working conditions
increase imports
reduce corporate income taxes
limit competition
15
Industrialists of the late 1800s used pools and trusts to
work cooperatively with labor unions
exclude immigrant workers from factory jobs
increase profits by minimizing competition
promote fair business practices in the market-place
16
Congress passed the Interstate Commerce Act and the Sherman Antitrust Act in response to
foreign influences on the United States economy
public demand for better roads
monopolistic practices that were harmful to small businesses
the failure of federal banks to provide loans to individuals
17
The growth of big business in the late 1800s resulted in
a reduction in child labor
the elimination of the middle class
shift in transportation investment from railroads to canals
the widening of the economic gap between rich and poor
18
The idea expressed in this statement is most consistent with the
goals of the Progressive movement
concept of assimilation
melting pot theory of American culture
principles of Social Darwinism
19
Which speaker is . . . most consistent with the principles of laissez-faire economics?
D
C
B
A
20
What was one major impact of industrialization in the United States?
an increase in the birth rate
the disappearance of social class distinctions
a rise in the standard of living
the elimination of urban tenements
21
Which action is most closely associated with Henry Ford’s attempt to realize this vision?
providing cars in a variety of models
using the assembly line
downsizing the labor force
creating a business monopoly
22
Which statement best describes an attitude shared by Rockefeller, Carnegie, and J. P. Morgan?
Economic competition is inefficient and wasteful.
Labor unions are essential to the health of the economy.
economic power in the hands of a few individuals is a threat
Natural resources belong to all/not be used for private gain
23
The principal message of the cartoon is that the Standard OilCompany
used its size to lower the prices of its products
used its economic power to influence government decisions
protected the nation from foreign competition
employed violence to gain an unfair advantage for its worker
24
During the late 19th century, businesses tried to maximize profits by
supporting labor unions
creating monopolies
eliminating tariffs
resisting laissez-faire policies
25
During the late 1800s and early 1900s, the term robber baron best defined a person who
used ruthless business tactics
stole from the rich to give to the poor
controlled large tracts of western lands
encouraged the conservation of raw materials
26
Business leaders Rockefeller, Morgan, and Vanderbilt were referred to as robber barons because
were ruthless in dealing with competitors
stole money from state and local governments
bought titles of nobility from foreign governments
gained all of their wealth by illegal means
27
What was the major purpose of the Sherman Antitrust Act and the Clayton Antitrust Act?
increasing foreign imports
guaranteeing collective bargaining rights
promoting fair competition between businesses
reducing government involvement in the economy
28
The term business monopoly can best be described as
government control of the means of production
an agreement between partners to manage a corporation
the most common form of business in the United States
a company that controls or dominates an industry
29
What was a major cause of the trend shown in the chart?
availability of cheap farmland
completion of the interstate highway system
increased industrialization
end of restrictions on immigration

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