Guilded Age

Why did The Knights of Labor and The American Federation of Labor develop?

• The increased need to protect workers interests.

• The decreased power of political machines.

• The increased demand for skilled workers.

• The decreased profitability of the agricultural sector.

The owner of Carnegie Steel Company and gave most of his money to philanthropy:

• Andrew Carnegie

• William Carnegie

• John D. Rockefeller

• J.P. Morgan

The owner of Standard Oil Company:

• J.P. Morgan

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

What city became the center of iron and steel production in the U.S. after the Civil War?

• New York City

• Chicago

• Pittsburgh

• Cleveland

Nickname given to Gilded Age industrialists that used unethical business practices:

• Banksters

• Tycoons

• Fat Cats

• Robber Barons

What is the main idea of this cartoon?

• The Standard Oil Company was a harmful monopoly.
• The best way to support the Standard Oil Company was to form proprietorships.
• Foreign competition with the Standard Oil Company was hurting American companies.
• Government regulations were strangling the Standard Oil Company.

The idea that the rich are wealthy because they are strong and the poor are weak:

• Social Darwinism

• Gospel of Wealth

• laissez faire

• monopoly

The control of an entire or most of an industry by one company:

• laissez faire

• capitalism

• monopoly

• patent

Based on your knowledge of the Second Industrial Revolution in the United States, what statement is this cartoon making?

• The owner of Standard Oil has too much power and influence over the federal government.

• The federal government is ruining the oil industry by placing too many restrictions and regulations on business owners.

• The oil industry is thriving due to a healthy working relationship with the federal government.

• Emissions from oil refineries are polluting the air and harming the environment.

Which term is associated with a company that "buys out" their competition?

• vertical integration

• horizontal integration