Gilded Age

Front

Which of the following is a characteristic of the Gilded Age? people began moving to rural areas to farm acres of cotton and grain, the political process was opened up to citizens of different ethnicities and social class, America expanded westward to accomplish its goal of Manifest Destiny, the government passed favorable laws to help the growth of big business

Back

the government passed favorable laws to help the growth of big business

Front

The Gilded Age is infamous for

Back

businessmen bribing government officials

Front

Who is responsible for the invention of the light bulb?

Back

Thomas Edison

Front

The invention of the light bulb is significant because it enabled factory workers to work longer hours resulting in greater production of goods.

Back

it enabled factory workers to work longer hours resulting in greater production of goods

Front

One of the benefits of the transcontinental railroad was that farmers were able to sell their goods to distant markets

Back

farmers were able to sell their goods to distant markets

Front

Free Enterprise results in

Back

competition between businesses to make a better product and sell it for less

Front

An entrepreneur is someone who risks their money to start a business with the hopes of making a profit

Back

risks their money to start a business with the hopes of making a profit

Front

Someone who follows the "laissez-faire" approach to economics would agree most with which of the following statements? Government should only play a small role in the economy and limit the rules and regulations it puts on businesses

Back

Government should only play a small role in the economy and limit the rules and regulations it puts on businesses

Front

Andrew Carnegie was an immigrant from this country, who built a fortune in this industry: Scotland, Steel

Back

Scotland, Steel

Front

Andrew Carnegie used this business strategy, where a company owns or controls every part in the creation of its product (resources, factories, transportation)

Back

Vertical Integration