US Concept 4.1

US Concept 4.1

Rise of Millionaires

As you progress through the slides you will be answering questions. The questions are coded to highlight a specific performance level

PLQ= Progressing Level Question

MLQ= Meeting Level Question

Multiple Choice

PLQ

A legal group that owns stock in many companies

• trust

• corporation

• philanthropist

• socialism

Multiple Choice

PLQ

A company that eliminates its competition and controls an industry

• corporation

• trust

• business cycle

• monopoly

Multiple Choice

PLQ

A business owned by investors who buy part of the company through stocks

• business cycle

• socialism

• corporation

• trust

Multiple Choice

MLQ

“There remains, then, only one mode of using great fortunes; but in this we have the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poor—a reign of harmony.... Under its sway we shall have an ideal state, in which the surplus wealth of the few will become, in the best sense, the property of the many, because administered for the common good, and this wealth, passing through the hands of the few, can be made a much more potent force for the elevation of our race than if it had been distributed in small sums to the people themselves. Even the poorest can be made to see this, and to agree that great sums gathered by some of their fellow-citizens and spent for public purposes, from which the masses reap the principal benefit, are more valuable to them than if scattered among them through the course of many years in trifling amounts.”

Andrew Carnegie, “Wealth,” 1889

The “temporary unequal distribution of wealth” that Carnegie refers to in the excerpt resulted most directly from the

• growth of cities in both size and number

• consolidation of corporations into trusts and holding companies

• efforts by workers to organize local and national unions

• government policy of reducing tariffs to promote free trade

Multiple Choice

PLQ

The Gilded Age saw the greatest shift in population from which area to which area?

• Rural areas to Urban areas

• Urban areas to Rural areas

Multiple Choice

PLQ

What does "Gilded" mean when we talk about the Gilded Age?

• Nice on the outside, ugly on the inside

• Ugly on the outside, nice on the inside

Multiple Choice

PLQ

A wealthy person who donates to charity is known as a ...

• Philanderer

• Philonthrope

• Philistine

• Philanthropist

Multiple Choice

PLQ

Who is the industrialist/ robber baron pictured in the political cartoon above?

• Andrew Carnegie

• John D Rockefeller

• J.P. Morgan

• Cornelius Vanderbilt

Multiple Choice

PLQ

Who is the "robber baron" pictured in the political cartoon above?

• Cornelius Vanderbilt

• John D Rockefeller

• J. P . Morgan

• Andrew Carnegie

Multiple Choice

PLQ

Which industrialist is best known for his work in the steel industry?

• Charles Lindberg

• Andrew Carnegie

• John Rockefeller

Multiple Choice

PLQ

Captain of industry/Robber Baron in the banking industry

• Rockefeller

• Morgan

• Carnegie

• All of them

Open Ended

Who do you think is a modern day "Robber Baron/Philanthropist"? Why?

Multiple Choice

PLQ

Belief that the rich are wealthy because they are strong and the poor are weak

• Social Darwinism

• Gospel of Wealth

• laissez faire

• monopoly

Multiple Choice

PLQ

Belief that the rich were chosen by god to be rich and should therefore share their wealth.

• Gospel of Wealth

• laissez faire

• capitalism

• Social Darwinism

Multiple Choice

PLQ

An economic practice where the government does NOT try to control the economy.

• Gospel of Wealth

• laissez faire

• Social Darwinism

• horizontal integration

Multiple Choice

PLQ

This was created to regulate monopolies

• Interstate Commerce Commission

• Sherman Anti-Trust Act

• Roosevelt Anti-Trust Act

• Slayton Anti-Trust Act

Multiple Choice

PLQ

This was created to regulate railroads

• Sherman Anti-Trust Act

• Interstate Commerce Commision

• Railway Regulation Firm

• Clayton Anti-Trust Act