Industrialization

During the late 1800's, the theories of Social Darwinism were often used to justify the efforts of

• Federal officials to control state governments

• Northern liberals to pass civil rights legislation

• Southern farmers to increase cotton exports

• big business to destroy its competitors

Which two philosophies dominated the thinking of most political and business leaders during the late 19th century in the United States?

• Social Darwinism and laissez faire

• socialism and the social gospel

• populism and women’s suffrage

• communism and anarchism

economic system in which factors of production are privately owned and money is invested to make a profit

• Ubanization

• capitalism

• socialism

• communism

businesses owned by stock holders, who share in profits

• Factors of Production

• Urbanization

• Middle Class

• corporations

economic policy of no interference from the government in business

• socialism

• Factors of Production

• Laissez-Faire

• Middle Class

factors of production are owned by the public and operate for the welfare of all

• capitalism

• communism

• socialism

• Urbanization

rights of ownership in a company

• stock

• factories

• capitalism

• socialism

What is double-taxation?

• Being taxed double the income tax of a partnership
• Tax on a business plus its shareholders' income
• Tax people have to pay for existence of corporations

Limited liability of stockholders

• Advantage of a Corporation
• Disadvantage of a Corporation

The most important invention/improvement responsible for the growth of American industry 

• factories
• railroads
• corporations
• telephone