Standard 2 Quiz 1

The Rockefeller Foundation, Vanderbilt University and the Carnegie Library exemplify which idea?

• Gilded Age business owners refused to do philanthropic work.

• Turn of the century entrepreneurs helped society through charitable work.

• The wealthy businessmen of the Gilded Age worked to suppress labor rights.

• Gilded Age business leaders did not support capitalism.

This passage is from an introduction to a biography about Andrew Carnegie.

Generous and naive while often grasping and ruthless, Andrew Carnegie personally embodied the contradictions that divided America in the Gilded Age. At a time when American struggled--often violently--to sort out the competing claims of democracy and individual gain, Carnegie championed both.

Which evidence could be used to support the claim that Carnegie was a "hero of working people"?

• his actions in the Homestead Steel Strike

• his financial contributions to public libraries and parks

• his life of privilege and wealth

• his membership in the Anti-Imperialist League

Some historians use the term "robber baron" to describe industrialists such as Rockefeller, Carnegie and Morgan. Which action by these men could be used as evidence to refute this stereotype?

• The men established trusts to stop the corrupt business practices of other industrialists.

• The men served on city councils and promoted laws to improve urban living standards.

• The men worked closely with unions to ensure fair labor standards were practiced.

• The men were philanthropists who gave large sums of money to public projects.

What piece of evidence could be used to support the statement "J.D. Rockefeller was not a robber-baron, but rather had a positive effect on society."?

• a breakdown of Rockefeller's charitable donations

• a summary of the growth monopolistic power of Standard Oil

• a history of blacklisting and strike-breaking tactics of big business

• a list of the anti-trust cases brought under the Sherman Act

Why do some historians label John D. Rockefeller and other big businessmen of the Gilded Age as "Robber Barons"?

• They mimicked the lifestyles of medieval lords.

• Many owned large estates in the western part of the country.

• Some stole large sums of money from the federal treasury.

• They were ruthless competitors who cheated and exploited workers.

This is a list of innovations in the Industrial Age.

incandescent light bulb

telephone

Bessemer steel process

electric motor

diesel engine

compressed air brakes

refrigerated railcars

What impact did these innovations have on industrial growth in the U.S.?

• They led to consumer debt as individuals borrowed money to purchase them.

• They stimulated growth of the manufacturing and transportation industries.

• They lowered the standard of living in the nation by causing an increase in prices.

• They slowed growth by monopolizing resources needed in bigger industries.

This political cartoon was published in 1900 and depicts John D. Rockefeller.

This cartoon satirizes what situation during the Industrial Age?

• The federal government allowed businesses to grow with very few regulations.

• The Sherman Antitrust Act placed retractions on monopolies and trusts.

• Many business leaders rose from poverty to become wealthy.

• Social Darwinism was used to justify poor treatment of workers.

Analyze the political cartoon then answer the question.

What business practice is this cartoonist portraying?

• using propaganda to advertise

• buying and selling stock

• trading with foreign countries

• creating a monopoly

How did organizing a trust enable industrialists such as John D. Rockefeller to accumulate wealth and power?

• It gave one group of men control over most of the companies in an industry.

• It created banks whose primary purpose was to make business loans.

• It divided companies among family members who were closely related.

• It promoted informal agreements among competing companies.

This political cartoon by Joseph Keppler was published in 1889.

This cartoon satirized what situation in the U.S. during the Industrialist Age?

• Congress supported the interests of monopolies and trusts.

• Congress was committed to passing laws that benefited all citizens.

• Congress believed monopolies and trusts were dangerous to the economy.

• Congress regulated the economy by raising corporate taxes.