Quiz #14

In the 19th century, industrialization in the United States became concentrated in the Northeast primarily because

• the climate in the South was not conducive to industrial development
• this region had the greatest supply of capital (money) and labor
• other regions of the country lacked good water transportation
• the West and South had few natural resources

The term "robber barons" was used during the Gilded Age to characterize whom?

• carpetbaggers
• leaders of big business
• plantation owners
• union organizers

The growth of big business in the late 1800s resulted in

• a reduction in child labor

• the elimination of the middle class

• the widening of the economic gap between rich and poor

• a shift in transportation investment from railroads to canals

Mark Twain labeled the late 1800s in the United States the “Gilded Age” to describe the

• end of the practice of slavery
• absence of international conflicts
• extremes of wealth and poverty
• achievements of the labor movement

Which is a economic system in which the means of production are privately owned and operated for profit

• Capitalism
• Communism
• Socialism
• Capitalistical

Hey! Here's a thing I didn't have time to mention. During the Gilded Age, many sole proprietorships turned into corporations. SOLE PROPRIETORSHIP = one owner. CORPORATION = many owners who buy stocks. Corporations can raise money quicker than sole proprietorships.

• I read this and understand it

• I can't read

During the Gilded Age, many sole proprietorships became corporations because corporations

• have fewer government regulations than other types of businesses have
• exist only as long as the original owner lives
• can raise large amounts of capital
• are more easily organized

The corporation became a popular form of business organization during the post-Civil War period because it

• Aenabled corporate executives to supervise daily business activities more closely
• made it possible for business to raise more capital
• appealed to farmers anxious to increase production
• encouraged industrial workers to form business cooperatives

This belief, popular during the Gilded Age, says that the strong will raise to the top of society and the weak are destined to stay at the bottom of society.

• Laissez Faire

• Social Darwinism

• Arbitration

• Capital

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