9/9 - Pros & Cons of Big Business

Laissez-faire could best be described as

• Government cannot interfere with business

• Businesses are highly regulated by the government

• Businesses have to provide a minimum wage

• Everyone is equal

The idea that the poor are inferior to the rich and should be allowed to die off is called

• laissez-faire

• social darwinism

• monopolies

• populism

One company that controls an entire industry is referred to as

• a monopoly/trust

• a corporation

• a robber barron

• a captain of industry

Carnegie's "Gospel of Wealth" stated

• the poor should be allowed to die off

• the government should not regulate businesses

• the rich have a duty to give back to society

• businesses should be regulated by the government

True or false: workers were generally treated poorly during the Gilded Age:

• True

• False