Gilded Age Pt. 1

1. During the 1870s, the Granger movement attracted the support of many western farmers because it proposed that

• the money supply should be deflated by removing paper currency from circulation

• the government should control the development of resources in the West

• shipping rates and grain storage fees charged by railroads should be regulated

• immigrants should be given land on the Great Plains

During the late 1800s, the principles of Social Darwinism and laissez-faire economics were most closely associated with the interests of

• owners of big businesses

• organizers of labor unions

• coal miners

• farmers

Which statement best describes an attitude shared by John D. Rockefeller, Andrew Carnegie, and J. P. Morgan?

• Natural resources belong to all citizens and should not be used for private gain.

• Concentrating economic power in the hands of a few individuals is a threat to the country.

• Strong labor unions are essential to the health of the economy.

• Economic competition is inefficient and wasteful.

During the late 1800s, which development led to the other three?

• federal regulation of business trusts

• formation of labor unions

• increased demand for natural resources

• growth of industry

In the late 1800s, the term robber baron was used to describe some owners of big businesses primarily because they

• opposed the formation of

• corporations provided workers with high wages

• favored free trade

• eliminated competition using ruthless methods

During the 1890s, many American farmers tried to resolve their economic problems by

• staging violent protests against the government

• asking Congress to end agricultural subsidies

• supporting government aid to railroads

• joining the Populist Party

The theory of laissez-faire economics was used during the late 1800s to

• support Progressive programs

• achieve equal distribution of income

• call for more consumer protection

• justify unregulated business growth