The Gilded Age & the Industrial Revolution

The time period from the 1870's to 1900 is known as the Gilded Age because ...

• there was a great amount of gold discovered during this time.

• there were a few very wealthy families in America who made most of the nation's money.

• there were lots of people winning the lottery at this time.

• most families were making a lot of money now that factories were hiring.

The U.S. experienced economic disparity during the Gilded Age, meaning that ...

• there was a great boom in the economy and most everyone had jobs.

• there was a bust in the economy and many people couldn't find jobs.

• most of the nation's wealth was controlled by a small percentage of people while most others were very poor.

• immigrants made a lot less money than natural-born citizens.

Which group of people were negatively affected by the Gilded Age?

• industrial capitalists

• robber barons

• factory workers

• inventors

Andrew Carnegie & John D. Rockefeller are both examples of which 3 terms below?

• philanthropists

• Gilded workers

• industrial capitalists

• entrepreneurs

• economists

Which of the following types of leaders are being described in the political cartoon and were not liked by American citizens?

• industrial capitalists

• robber barons

• captains of industry

• philanthropists

Andrew Carnegie gained an enormous out of wealth from the ____________ industry.

• steel

• oil

• steamships

• lighting

John D. Rockefeller owned 90% of which American industry?

• automotive

• oil

• steamships

• railroads

How is an entrepreneur different from an inventor?

• An entrepreneur is richer than an inventor.

• An entrepreneur is also a philanthropist.

• An entrepreneur doesn't invent new things.

• An entrepreneur develops a business from an idea or invention.

What are 3 ways that George Washington Carver helped farmers?

• He taught farmers to rotate their crops with peanuts, yielding better harvests.

• He increased the exportation of peanuts with other countries.

• He learned how to use the excess of peanuts to create new items.

• He opened a college for them to learn new farming techniques.

• He used peanuts & corn to feed pigs, creating better ham & bacon.

Henry Ford is credited with creating ...

• a more affordable car because of his use of the assembly line.

• the first American car.

• usable trucks for the U.S. army.

• the first car with safety features, including a horn and blinkers.