US - Industrialization and Politics of the Gilded Age

Which of the following factors did NOT contribute to the immense industrial boom of the late 1800s and early 1900s?

• natural resources.

• government support for business.

• a growing urban population.

• a large upper and middle class group of people.

The First Industrial Revolution was based on _____, while the Second Industrial Revolution was based on _____.

• textiles / oil and steel

• oil / electricity

• steel and oil / textiles

• the lumber industry / oil and electricity

More than any other single factor, _____ spurred the amazing industrialization of the post-Civil War years.

• the textile industry

• the lumber industry

• railroads

• farming

How did the growth of railroads help the United States become a major industrial power?

• The railroad network provided communication channels.

• Railroads united the nation's markets.

• The railroad industry created the most jobs.

• Railroads helped to unite immigrants.

Match each of the industrial moguls with his correct field of enterprise:

a - Andrew Carnegie

b - John D. Rockefeller

c - J.P. Morgan

d - Cornelius Vanderbilt

1- banking

2 - oil

3 - steel

4 - railroads

• a-1, b-2, c-3, d-4

• a-3, b-2, c-1, d-4

• a-2, b-1, c-3, d-4

• a-1, b-4, c-3, d-2

Rockefeller used horizontal integration to drive out his competitors. This led to the creation of

• the first industrial revolution.

• laissez-faire capitalism.

• the railroad network.

• monopolies.

What did horizontal integration, industrial consolidation, and trusts reduce during the late 1800s?

• monopolies

• competition

• corruption

• immigration

In an effort to eliminate monopolies, the federal government adopted the

• Monopolies Control Act.

• Trusts-be-Gone Act.

• Sherman Anti-Trust Act.

• Dawes Act.

Which of the following did Social Darwinism and laissez-faire capitalism discourage?

• a strong work ethic.

• the accumulation of wealth

• government regulation

• urbanization.

How do monopolies hurt the average American?

• Without competition, industrialists can set prices as high as they want.

• Monopolies eliminated laissez-faire capitalism.

• Under a monopoly, prices tended to decrease.

• Monopolies led to an increase in competition between companies.