Rise of Industry

Supporters of laissez-faire economics believe that government should

• promote collective bargaining and planning 
• abolish private ownership of the means of production 
• refuse to recognize the corporate form of business structure 
• allow business to function without restrictions

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

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

One factor that furthered industrialization in the United States between 1865 and 1900 was the

• development of the airplane 
• expansion of the railroads 
• mass production of automobiles 
• widespread use of steamboats

One effect of monopolies on the United States economy is that they have tended to

• reduce business competition 
• keep prices low 
• give consumers a greater choice in purchasing goods and services 
• lead to a greater variety in the price for a particular product or service

The term “robber barons” is used to describe many industrialists of the late 19th century mainly because they

• made large charitable donations to worthy causes 
• sought to maximize their profits by eliminating competition and exploiting workers 
• attempted to stimulate the economy by keeping the prices of their products as low as possible 
• opposed the entry of poor and uneducated immigrants into the United States

The Interstate Commerce Act and the Sherman Antitrust Act were passed by Congress to

• increase safety in the workplace 
• promote fair hiring practices 
• improve working conditions 
• protect the interests of small businesses

Exclusive control by one company over an entire industry

• monopoly
• trust
• sweatshop
• Social Darwinism

A group of companies that are placed under the ⋇⋇control by a board of electors ⋇⋇in order to form a monopoly

• sweatshop
• child labor
• monopoly
• trust

What is a Captain of Industry?

• a powerful industrialist who uses his wealth in a positive way
• a powerful industrialist who steers a ship
• A hardworking supervisor in a large factory
• a powerful industrialist who uses his wealth in a negative way

In this political cartoon, how do monopolies (like Standard Oil Trust) impact competition?

• Competition is encouraged by monopolies
• competition is prevented by monopolies
• there is no impact
• I don't know whats happening here