Gilded Age Quiz 2

_____ was the title of a book written by Mark Twain and Charles Dudley Warner that made fun of American society in the 1870s and 1880s.

• The Gilded Age

• Satire

• The Jungle

• Robber Barons

The _____ was a new method of production that made it easier to make steel.

• Vertical Integration

• Horizontal Integration

• Bessemer Process

• Protective Tariffs

A “hands’ off” government approach toward business regulation is called ______. Basically, government does not interfere with business in any way.

• Monopoly

• Pools

• Trusts

• Laissez-faire

_____ was the founder of a major steel company. He eventually became the 2nd richest man in US History.

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

• Jim Fisk and Jay Gould

_____ invented the telephone and owned the company

AT&T.

• Thomas Edison

• Alexander Graham Bell

• Philip Armour and Gustavas Swift

• Mark Twain

Everything a business needs to operate (money, machines, stocks, etc) is called _____.

• Satire

• Vertical Integration

• Horizontal Integration

• Capital

_____ are taxes on imported goods. The goal is to prevent competition with foreign goods.

• Protective Tariffs

• Trusts

• Monopolies

• Pools

Andrew Carnegie encouraged the use of _____ to limit competition. These worked by encouraging many steel companies to “fix” their prices at the same level.

• Protective Tariffs

• Monopolies

• Pools

• Trusts

_____ was the founder of Standard Oil. He was the richest man in the history of the USA.

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

• Jim Fisk and Jay Gould

The ______ was the first invention to significantly improve the business prospects for women. Its invention allowed women to move into business oriented careers.

• Telephone

• Light Bulb

• Typewriter

• Phonograph