Period 6 (Content Review)

Andrew Carnegie's use of the vertical integration was significant in that it

• synthesized the various immigrant labor groups into one cohesive productive force

• led to substantial cooperation between industry and banking

• stimulated competition in the steel industry

• allowed a capitalist to control all aspects of the production process

Which of the following statements accurately reflects the impact that industrialization had on the American worker?

• the standard of living for most workers had declined by the late 19th century

• the standard of living for most workers improved by the late 19th century, but workers had become mere mechanisms in the production process

• many wage laborers ultimately saved enough of their salaries to start their own small business

• most workers experienced ever higher wages and even greater control over what they produced

In his "Gospel of Wealth," Andrew Carnegie articulated the view that

• the wealthy were entitled to their riches and had no responsibility to share it with others

• only those born into wealth were the real economic leaders of the nation

• religious leaders had a responsibility to convince their parishioners that success was attainable to those who worked hard

• the wealthy were morally obligated to use some of their wealth for the improvement of society

By the late 19th century, the Untied States

• ranked 4th in the industrialized world

• had bypassed France & Germany in industrial output but still lagged behind Great Britain

• had more kilometers of railroad tracks than any other nation

• had not grown significantly since the 1860s

The Industrial Workers of the World differed from the other major trade unions in that

• it sought to negotiate and mediate its differences with management

• unlike the other unions, it disdained using boycotts and strikes against capital

• it engaged in industrial sabotage and violent action against businesses and business owners

• it was outlawed by the US government

Which of the following would NOT be used by a supporter of the capitalist system as it existed in the Gilded Age?

• Reform Darwinism

• Russell Conwell's, "Acres of Diamonds" sermon

• The novels of Horatio Alger

• The perspective held by Herbert Spencer

In order to promote the interests of labor, trade unions would support

• hiring scabs

• subsistence wages

• yellow-dog contracts

• the closed shop

The railroad strike of 1877

• was the first time a president ordered US troops to stop a strike

• led to significant wage increases for railroad workers

• was the first time that management recognized the legitimacy of a trade union

• led to significant improvements in worker safety laws but not wage increases

This capitalist created US Steel, the nation's first billion-dollar corporation.

• Andrew Carnegie

• J.P. Morgan

• Cornelius Vanderbilt

• John D. Rockefeller

Big business used a loophole in the Sherman Anti-Trust Act for its own benefit because

• it prevented the existence of trade unions

• it allowed monopolies to flourish

• it was used to curtail activity in restraint of trade

• the act stated that vertical integration was not in restraint of trade