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Big Business/Industr

Unit 6

QuestionAnswer
This court case was based on laws that were intended to limit the power of big business Wabash, St. Louis & Pacific R.R. v. Illinois (1886)
Promoted the idea that stronger businesses would succeed at the expense of weaker businesses Social Darwinism
Leaders of big business gave greatest support to the passage of higher tariff rates
A company that controls or dominates and industry monopoly
Most strikes by unions were unsuccessful because govermnet usually supported business
One factor that furthered industrialization in the US between 1865 adn 1900 was the epansion of railroads
The purpose of forming this is to allow for greater accumulation of investment capital corporation
The purpose of this was to restict the growth of monopolies Sherman Antitrust Act of 1890
The Federal Government helped the transcontinental railroad companies by providing free land
Term used to describe industrialists who sought to eliminate competition and exploiting workers robber barons
A system where investments and profits are controlled by individuals free-enterprise economic system
Corporations such as Standard Oil, AT&T, and Microsoft were prosecuted for violating antitrust laws
What was the major ecomomic trend of business from 1865 to 1900? to eliminated competition
Businesses formed trusts, pools, and holding companies to increase profits by eliminating competition
Railroad strikes, the Haymarket Affair, and the Pullman strike showed that labor unions were willing to use ____ to achieve their goals force
Two philosophies that dominated teh thinking of political and business leaders during the late 19th century in the US Social Darwinism adn Laissez Faire
The basic economic goal of labor unions in the late 19th century was to achieve a shorter workday and higher wages
A major population trend in the late 1800's was the movement of people from farms to cities
The main purpose of antitrust legislation passed by Congress was to restore competition
Created by: jmergenhagen