CH 19, Part B/C Quiz

The Sherman Anti-Trust Act was the first attempt by the United States government to break up monopolies or trusts. The outcome of the Sherman Anti-Trust Act was:

• a complete success as monopolies were broken up in all the major industries

• largely unsuccessful because politicians were unwilling to truly challenge big business

• moderately successful as the oil monopoly was broken up

• was only successful in states that actively enforced the act

The People's Party or Populist Party of the late 1800's was largely made up of

• former Confederates

• former Slaves

• Farmers and people who lived in rural areas

• Immigrants and city dwellers

During the Gilded Age, which of the following statements would be true of farmers, miners and debtors and "money questions":

• wanted currency to be backed by gold stored in government vaults

• wanted currency to be backed by silver and gold

• wanted currency to be unlimited and there was not need to back the money by gold or silver

• wanted the U. S. Government to pay farmers to set aside acres and to provide miners with unlimited access to the Sierra Nevada mountains for mining purposes

During the Gilded Age, which of the following statements would be true of bankers, creditors, investors and established businesses and "money questions":

• wanted currency to be backed by gold set aside in government vaults

• wanted currency to be backed by silver and gold

• wanted currency to be unlimited and there was not need to back the money by gold or silver

• wanted the U. S. Government to pay farmers to set aside acres and to provide miners with unlimited access to the Sierra Nevada mountains for mining purposes

Which of the following was the impact of Tariffs on farmers during the Gilded Age:

• Tariffs helped farmers income increase

• Tariffs helped farmers purchase cheaply made farm equipment from China

• Tariffs caused farm prices to drop on commodities such as corn and wheat and prices for farm equipment increased

• Tariffs had little impact on farmers as they were largely subsistence farmers

In regards to the "the money issue" during the transition from the 1800's to the 1900's, which of the following statements is true:

• the United States went from the Gold Standard to a Bimetallic Standard

• the United States went from a Bimetallic Standard to a Gold Standard

• the United States went off the Gold Standard and to a system where currency was not backed by anything

• the United States was largely bankrupt and had to rely on "silent auctions" and donations from wealthy to continue to fund itself

The "Peoples" or "Populists" party traces their beginnings to 1892 and Omaha, NE. The "Populists" Party is known for all of the following Political Reforms EXCEPT:

• direct election of U. S. Senators

• allowing people to use the initiative and referendum as a means to vote directly on laws

• calling for the end of the wealth of the U. S. to be concentrated into the hands of a few people

• ending the Electoral College system to elect the President of the U. S.

The "Peoples" or "Populists" party traces their beginnings to 1892 and Omaha, NE. The "Populists" Party is known for all of the following Economic Reforms EXCEPT:

• unlimited coinage of silver to increase the money supply

• a graduated income tax, the more you make the greater % in income tax you are required to pay

• public ownership of the Railroads, the Telegraph and the Telephone Companies

• the opportunity to attend college for free if one financially qualified

The famous Nebraskan who spoke up for farmers and the Populist Movement during the Gilded Age was:

• Gerald Ford

• William Jennings Bryan

• Pete Ricketts

• Chester Arthur

The main issue dividing the nation during the Election of 1896 was how much to expand the money supply. The wealthy industrialists of the time wanted the money supply to be backed by:

• Gold

• Silver

• Gold and Silver

• Bronze