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QuestionAnswer
Which of the following helped fuel economic growth by encouraging people to buy American goods? Protective Tarrifs
Steel changed people’s lives by making possible the sky scrapers
A cartel differs from a monopoly in that one corporation has complete control of a product or service.
Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of increasing profits.
Capitalism fueled industrialization by encouraging entrepreneurs to establish businesses.
Which innovation extended the number of hours in a day that Americans could work and play? electricity
Which industry most spurred economic growth and innovation in related industries? railroads
As farms became mechanized, urban areas
What punishment would a corporate violator of the Sherman Antitrust Act face? imprisonment not exceeding three years
The Sherman Antitrust Act imposed limitations upon which group? large corporations
Corporations had the important advantage of reducing the financial risk for individual investors.
In the late 1800s, workers tolerated poor wages and working conditions because they could be replaced easily by other workers.
Which labor leader began the American Federation of Labor? Samuel Gompers
What was one effect of the events in Haymarket Square? Americans turned away from radicalism.
How did the federal government support employers during times of labor unrest? denied unions recognition as legally protected groups
In what field did significant technological innovation occur in the late 1800s? communications
In which system does one company control the businesses that make up all phases of a product’s development? vertical integration
Which argument supports the perception of big business leaders as “captains of industry”? Industrialists’ support for technology benefited the economy.
The ICC was formed to oversee railroad opperations
Horizontal integration differs from vertical integration in that it consolidates many firms involved in the same business into one giant company
The federal government formed the Interstate Commerce Commission to oversee railroad operations across the nation.
Which of the following limited membership to skilled craftspeople and focused on economic reforms? Knights of Labor
Which event resulted in the execution of four anarchists and the decline of the Knights of Labor? Haymarket Riot of 1886
In the late 1800s, industrial workers faced low wages and long hours in unsafe working conditions.
Which labor organization was founded first? Knights of Labor
Created by: lexisotiriades
 

 



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