Chapter 5 Reading Flashcard

Front

All of the following factors contributed to explosive economic growth during the Gilded Age EXCEPT: a growing supply of labor, abundant natural resources, federal land grants to railroads.

Back

low tariffs

Front

In the late 1800s, which factor directly contributed to the growth of the American steel industry? Options: new production techniques, the formation of labor unions, government regulation, employee ownership

Back

new production techniques

Front

Gilded Age industrialization was marked by

Back

the acceleration of factory production and railroad industries.

Front

Which was an important benefit of the laissez-faire policies of the federal government in the late 19th century?

Back

Entrepreneurs were able to invest in their businesses with little government interference.

Front

Thomas Edison

Back

invented a system for generating and distributing electricity.

Front

Critics of big business claimed that monopolies harmed the economy by

Back

unfairly limiting competition.

Front

Andrew Carnegie and John D. Rockefeller

Back

built up giant corporations that dominated their respective markets.

Front

Which best describes a positive contribution of Andrew Carnegie? Options: He obtained secret rebates from railroad companies shipping his products. He obtained near monopoly over the steel industry. He helped workers obtain better conditions in his factories. He used his profits in philanthropic activities.

Back

He used his profits in philanthropic activities.

Front

For workers, Gilded Age industrialization meant all of the following EXCEPT: frequent periods of unemployment, dangerous working conditions, an increase in women working in labor, a decrease in child labor.

Back

a decrease in child labor.

Front

The Interstate Commerce Act and the Sherman Antitrust Act were efforts by the federal government to

Back

regulate aspects of business.