USHC 4.2/4.3 ECONOMIC GROWTH

USHC 4.2/4.3 ECONOMIC GROWTH

Multiple Choice

What action was taken by the federal government in the late 1800s as a way to promote industrial growth?

• supporting labor strikes

• coining silver

• regulating monopolies

• raising tariff rates

Multiple Choice

The Chinese were invited to move to this country during the building of the transcontinental railroad. Why was the Chinese Exclusion Act passed a few years later?

• The railroad was completed and the Chinese workers were no longer needed.

• The Chinese immigrants refused to pay taxes because the had never had to pay them in China.

• Chinese anarchists had moved to this country and were attempting to start a revolution.

• Many Chinese had “stolen” jobs usually taken by African Americans.

Multiple Choice

Capitalism fueled industrialization by

• encouraging entrepreneurs to establish businesses.

• requiring inventors to file patents.

• giving the country many natural

  resources.

• ensuring that all workers received high wages.

Multiple Choice

Vertical integration is

• to control one facet of production to create a monopoly.

• a monopoly where every aspect of production is controlled.

• an economic system with private property that is used to make a profit.

• supportive of the democratic

  ideas of freedom and opportunity.

Multiple Choice

Horizontal integration is

• to control one facet of

  production to create a monopoly.

• an economic system with private property that is used to make a profit.

• a monopoly where every

  aspect of production is controlled.

• supportive of the democratic ideas of freedom and opportunity.

Multiple Choice

Why were the owners of Big Businesses often called Robber Barons?

• They built monopolies that were bigger than the US government.

• They took money from their employees and did not pay the taxes.

• They were ripping off the public for their own personal wealth.

• They were using capitalism to make the United States wealthy.

EOC REVIEW QUESTIONS.....

Multiple Choice

Monopolies, trusts, and horizontal and vertical integration all share the goal of

• raising wages.

• combining resources.

• driving up costs.

• increasing profits.

Multiple Choice

In the late 1900s, why did many wealthy industrialists support the theory of laissez-faire government?

• It encouraged the government to provide training for unskilled workers.

• It allowed for limited government restrictions on business operations.

• It provided government incentives to new immigrants.

• It promoted government ownership of natural resources.

Multiple Choice

During the late 1800s, which group benefited the most from the philosophies of Social Darwinism and

laissez-faire economics?

• business owners

• farmers

• labor unions

• women

Multiple Choice

Why did industrialists support a policy of open immigration in the late 1800s?

• Immigrants paid taxes that helped fund government subsidies to private companies

• Immigrants brought new technologies and inventions that helped businesses grow

• Immigrants provided an inexpensive workforce for factories and mines

• Immigrants purchased new products to send to their home countries

Multiple Choice

In the late 1800s, why did many wealthy business owners support the idea of Social Darwinism?

• It encouraged investment in scientific research

• It promoted the formation of labor unions

• It justified wealth as a product of hard work

• It promoted stricter government regulations

Multiple Choice

During the Industrial Age, what tactic was used by big business owners to maximize company profits?

• Supporting the goals of labor unions

• Advocating for low tariffs

• Lobbying against laissez-faire government

• Establishing monopolies and trusts