USHC Unit 4 Review #1 - Wilson HS

Front

In the late 19th century, critics of big business claimed that monopolies most harmed the economy by doing which of the following?
- Limiting competition
- Decreasing the urban growth rate
- Preventing technological innovation
- Failing to keep peace with European industries

Back

Limiting competition

Front

John D. Rockefeller expanded the Standard Oil Corporation through what process?

Back

Horizontal integration

Front

When is a production system considered to be vertical integration?

Back

When a company controls the entire production process

Front

During the late 1800s, trusts were used by big business in an effort to...

Back

Limit competition

Front

Why do some historians label John D. Rockefeller and other big businessmen of the Gilded Age as “Robber Barons”?

Back

They were ruthless competitors who cheated and exploited workers.

Front

Which of the following introduces the idea that the wealthiest individuals should give back for the betterment of society? Horatio Alger’s Rags to Riches stories, Andrew Carnegie’s “Gospel of Wealth” philosophy, William Jennings Bryan’s “Cross of Gold” speech, Charles Darwin’s theory of evolution

Back

Andrew Carnegie’s “Gospel of Wealth” philosophy

Front

In the late 1800s, the theory of laissez-faire capitalism was used by many industrialists to...

Back

Argue against government regulation of business practices

Front

During the late 1800s, why did presidents and governors most often use military force during labor management conflicts?

Back

To support industrialists and end strikes

Front

How did the government attempt to limit the power and influence of monopolies in the late 19th century?

Back

By passing the Sherman Antitrust Act

Front

The formation of national labor unions in the late 1800s was mainly a response to...

Back

Poor working conditions and low wages in many industries