
CCR U.S. History Unit 3 Part B
Flashcard
•
History
•
11th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
The term monopoly can best be describe as
Back
a company that controls or dominates an industry
2.
FLASHCARD QUESTION
Front
One reason John D. Rockefeller, Andrew Carnegie, and J. P. Morgan were sometimes called robber barons was because they used ruthless business tactics against their competitors.
Back
used ruthless business tactics against their competitors.
3.
FLASHCARD QUESTION
Front
Which term best describes the United States economic policy during the era of the rise of big business (1865-1900)? Options: Mercantilism, Communism, Laissez-faire Capitalism, Socialism
Back
Laissez-faire Capitalism
4.
FLASHCARD QUESTION
Front
The 19th century philosophy of Social Darwinism maintained that
Back
economic success comes to those who are the hardest working and most competent.
5.
FLASHCARD QUESTION
Front
Many wealthy American industrialists of the late 19th century (1800s) used the theory of Social Darwinism to
Back
justify monopolies.
6.
FLASHCARD QUESTION
Front
The Rockefeller Foundation, Carnegie Hall, and the Morgan Library illustrate various ways that entrepreneurs
Back
supported philanthropic activities to benefit society.
7.
FLASHCARD QUESTION
Front
The Gospel of Wealth, written by Andrew Carnegie, promoted the concept that people with wealth should
Back
use their wealth to help society indirectly (i.e., building libraries and schools).
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