Gilded Age: Indusrialization

In the late 1800's, which factor directly contributed to the growth of the American steel industry?

• Government regulation

• Employee ownership

• New production techniques

• The formation of labor union

What process made the production of steel more efficient?

• The Blast Furnacing process

• The Reduced iron process

• The Bessemer process

• The Modern Steel Production process

What social issue was raised by the philanthropic activities of many American business leaders during the Gilded Age?

• Should private industries be taken over by worker organizations?

• Were American business charging too much for their products?

• Should state governments limit the philanthropic activities of private citizens?

• Was it right for business owners to pay low wages to their workers to finance philanthropic activities

Which business owner was a philanthropist of the Gilded Age?

• Andrew Carnegie

• Bill Gates

• Elon Musk

• Oprah Winfrey

What was an important benefit of the laissez-faire policies of the federal government in the late 19th century?

• American entrepreneurs should invest in their businesses with little government interference

• American businesses could avoid the ups and downs of the business cycle

• American workers found it easy to organize into labor unions

• American workers felt secure about safety in factories

The term laissez-faire means ...

• Economic order

• Hands-off

• Mercantilism

• Democracy

Which major trend occurred to the population of the United States during the industrial expansion of the late 19th century?

• Farm population increased

• Migration to rural areas increased

• Immigration decreased

• Urbanization increased

Another word for city-like is...

• rural

• suburb

• urban

• hinterlands

During the Gilded Age, there was a notable increase in federal support for...

• Increased temperance movements

• Involvement in foreign wars

• The acquisition of foreign territories

• The growth of big business

What is another name for big business?

• A monopoly

• A dealership

• A merger

• A takeover