Gilded Age Big Business

What is another name for a Big Business that controls an entire market?

• Nativist

• Political Machine

• Monopoly

• Boss Tweed

John D. Rockefeller had a monopoly over which in industry?

• Steel

• Railroads

• Oil

• Banking

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

Andrew Carnegie was an entrepreneur and a _____________ because he donated money to libraries and universities.

• Person

• Philanthropist

• Nativist

• Political Boss

When a company controls all the raw materials, processing, and transportation systems of a product

• time-study analysis
• vertical integration
• horizontal integration
• Taylorism/Scientific Management

When companies that produce a similar product are merged together

• horizontal integration
• Taylorism/Scientific Management
• Time-Study Analysis
• vertical integration

What is this author's POV?

What is the author's POV?

Summarize Herbert Spencer’s ideas of Social Darwinism. Select and explain one quote in your summary.

How was this free market system present in the Gilded Age? How would industrialists use it to justify their actions?