The Gilded Age - Check In

Both Rockefeller and Carnegie believed

• Laissez-faire economics is inefficient

• Strong labor unions are a threat to the economy

• Natural resources belong to all citizens

• Economic power in the hands of a few is a threat to the country

During the Gilded age, workers came together to work for better pay, working conditions, and less hours. Leaders such as Samuel Gompers help led many of this workers in....

• Philanthropy
• Labor Unions
• Political Bosses
• Credit Unions

Complete control over an industry's production, wages, & prices

• monopoly
• capitalism
• socialism
• concentration of wealth

What was an entity that runs several companies as one large corporation? (Standard Oil)

• Trust
• Merger
• Corporation
• Monopoly

Business that sells portions of their ownership - stocks

• Corporation

• Company

• Vertical Integration

• Association

Eventually trusts created during the late 1800s, such as Standard Oil, were declared illegal primarily for which of the following reasons?

• Trusts created monopolies and eliminated competition.

• Companies that manufactured different products were combined.

• Large sums of money were donated to political candidates.

• Children were allowed to work under unsafe conditions.

1896 labor-related protest in Chicago which ended in deadly violence

• Pullman Strike

• Haymarket Riot

• Homestead Strike

The Homestead Strike was a protest 

• in Colorado demanding safer working conditions. 
• Chicago demanding an eight-hour workday.
• against the Pullman Palace Car Company’s unsafe working conditions
• against the Carnegie Steel Company’s plan to cut jobs.

He invented the light bulb and helped "electrify America."

• Alexander Graham Bell

• George Westinghouse

• Cyrus McCormick

• Thomas Edison

Term that means the government will not regulate or interfere in industry.

• Laissez Faire

• Open Door Policy

• Regulatory Restraint

• Socialism