Gilded Age Quiz 1

This type of economic system during the Gilded Age allowed for the growth of big business and monopolies-

• Monopolies

• Nativism

• Laissez-faire (hands off)

• New Deal

Competing businesses that cooperate to act like a monopoly

• Trust
• Corporation
• Holding company
• Infrastructure

An organization of workers who promote their interests collectively (as a group)

• Labor union
• Political machine
• Caucus

Which of the following occurred between 1865 and 1900 as a result of the rapid industrialization of the United States?

• Social and economic class divisions began to disappear.
• Concerns about air pollution led to stricter environmental regulations.
• Union membership increased as workers sought better pay and conditions.
• Factory owners introduced wage-equity policies for women in the workplace.

What was the main cause for the Pullman Strike of 1894? 

• Reduced wages with no reduction in rental fees.
• Horrible working conditions
• Reduced wages
• The murder of Eugene V. Debs 

Practice where a single company controls every step of the process, from the raw materials to distribution.

• Vertical Integration

• Horizontal integration

• Laissez-Faire

• Agrarian

Why were the late-1800s often referred to as the Gilded Age?

• The times were extremely prosperous for most working Americans.

• Some industrialists grew wealthy despite a great deal of political unrest.

• National and local economies did poorly during this industrial period.

• Most people feared that the nation would fall apart due to big industry.

Which result completes this diagram?

• Ratification of a suffrage amendment.

• Building of the transcontinental railroad.

• Passage of prohibition legislation.

• Expansion of labor unions.

What term accurately describes the period of the late 1800s where a thing layer of wealth seemed to cover up a great deal of corruption?

• "Progressive Era"

• "Imperial Age"

• "Gilded Age"

• "Industrial Age"

How did monopolies and trusts enable businessmen like Carnegie and Rockefeller to become among the richest and most powerful men in the world?

• They restricted immigration, thereby limiting the number of industrialists who could compete with them
• They eliminated competition and allowed certain businessmen to control entire industries 
• They loaned large amounts of money to businessmen, thereby enabling them to invest in new industries 
• They paid large amounts of interest to finance capitalists in exchange for business loans