Gilded Age Review

The period known as the "Gilded Age" can be explained as

• a time when all Americans were wealthy and healthy.

• an era when American military power was very great.

• a time when many in society were very rich, but many more were very poor.

• the time before Bieber

Which of the following best describes the change in America during the Gilded Age?

• Women were awarded the same rights as men.

• The American economy shifted from an industrial economy to from an agricultural economy.

• All American became very rich.

• Freedmen were given equal rights in American cities.

Which industry did John D. Rockefeller dominate?

• Railroads

• Television

• Weapons

• Oil refining

Which industry did Andrew Carnegie dominate?

• Steel production

• Medical supplies

• Airline travel

• Cotton production

Which industry did Cornelius Vanderbilt dominate?

• Steamships and railroads

• Wheat production and distribution

• Steel manufacturing

• Textile production

Which of the following would lead you to believe one was a "robber baron?"

• He helped little old ladies across the street.

• He used his power to corrupt politicians.

• He contributed his wealth to charitable organizations.

• He made sure his competitors were profitable.

Which of the following would lead you to believe one was a "captain of industry?"

• He helped little old ladies across the street.

• He used his power to corrupt politicians.

• He contributed his wealth to charitable organizations.

• He made sure his competitors were profitable.

Which best describes a "monopoly."

• A society in which all are wealthy.

• A person who encourages competition.

• An industry dominated by one company.

• A company that protects the environment.

How might a millionaire monopolist use his or her power?

• He would bribe Congress to pass laws to help his business.

• He would support laws that encourage competition.

• She would make sure all her wealth was shared with workers.

• She would allow competitors to operate wherever they wanted to.

Which would explain why monopolies can be bad for consumers?

• A monopoly would ensure prosperity for all citizens.

• A monopoly will limit choices for the consumer.

• A monopoly has little reason to improve his product.

• A monopoly might make prices very high.

• A monopoly will support new competitors.