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The Gilded Age

QuestionAnswer
Who controls the market in a monopoly? One company
What does "Laissez-Faire Economy" mean? Government should not have any say in economy
What are the different parts of the Economic Cycle IN ORDER? Expansion --> Peak --> Recession --> Depression --> Trough --> Recovery
What did the Sherman Anti-Trust Act do? Banned trusts and monopolies
What was so important about the Transcontinental Railroad? It finally connected the Eastern and Western states
Why did they decide to enlarge the Erie Canal? To accommodate the larger boats that were passing through
What was the other name for the Second Industrial Revolution? The Technological Revolution
Who invented the first commercially successful typewriter? Christopher Latham Sholes
Although Alexander Graham Bell didn't invent the first telephone and Thomas Edison didn't invent the first light bulb, why are they considered to be the inventors of these innovations? They were the first people to get their designs patented
What does "xenophobia" mean? The hatred of immigrants
During the Gilded Age, about how many immigrants did America take in? 11.7 million people
Which of these were reasons laborers in the Gilded Age went on strike? Low wages Unsafe work conditions Abuse from employers
Of the strikes covered in class, which one was the only one to be successful? Anthracite Coal Strike of 1902
What is one of the main reasons why children were used for labor in the Gilded Age? They were small and therefore could fit into small spaces
How would you describe the working conditions for children in the Gilded Age? Dangerous
Created by: adiaz7
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