Labor & Industrialization

Laissez-faire is the idea that the free market, through __________ , will regulate itself if government does not interfere.

• competition

• mediation

• supply and demand

• stability

Who manages a trust?

• Board of directors

• Board of regents

• Trustees

• Chief Executive Officer

What was the name given to individuals who are said to have helped usher in our modern economy?

• Philanthropists

• Captains of industry

• Robber barons

• Opportunists

Which of the following was NOT a strategy that labor organizations utilized to improve the lives of workers?

• Boycott

• Arbitration

• Negotiations

• Rallies

Which of the following is NOT one of the three primary goals of labor unions?

• Better benefits

• Higher wages

• Shorter hours

• Better working conditions

What was the main objective of labor unions?

• Allow workers the opportunity for upward mobility

• Create profit for the business

• Protect the interest of its members

• Create competition among other labor union organizations

Which business tycoon utilized vertical integration to control the production process within his respective industry?

• John D. Rockefeller

• Edward L. Doheny

• Andrew Carnegie

• Cornelius Vanderbilt

The ________________ outlawed trusts, monopolies, and other forms of business that restricted trade.

• Clayton Act

• Robinson-Patman Act

• Free Trade Commission Act

• Sherman Antitrust Act

Who was the key leader of the Knights of Labor?

• Samuel Gompers

• William Haywood

• Daniel De Leon

• Terence Powderly

Who was the key leader of the American Federation of Labor?

• Terence Powderly

• Daniel De Leon

• Samuel Gompers

• William Haywood