Gilded Age Review- Part 1

Government policy of letting businesses and the economy operate free from interference.

• Progressive Tax System

• Laissez-Faire

• Mixed Market Economy

• Socialism

Which of the following were reasons why industrialists were called robber barons?

• Exploited workers

• Corrupted government officials

• Practiced philanthropy

• Used unethical business practices

What type of integration is displayed in the picture of above about Disney acquiring ABC, 20th Century Fox, and Marvel?

• Vertical Integration

• Diagonal Integration

• Horizontal Integration

• Consolidation Integration

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Monopolies

The government increased these taxes to encourage Americans to buy from U.S. businesses.

• Income taxes

• Sales Taxes

• Tariffs

• Property Taxes

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Factors of Industrial Growth

Which of the following is accurate about why the industrialization exploded in the late 1800s?

• Many Europeans invested large sums of money in US businesses.

• The US had a huge empire to in which it could trade.

• The US had an abundance of important raw materials like oil and iron.

• The US was the first country to practice industrialization.

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Factors of Industrial Growth

Which of the following is true about strikes at the turn of the 20th century?

• The government took the side of companies.

• The government supported labor unions.

• Labor unions were successful in most strikes.

• The government refused to get involved in strikes.

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Unions and Strikes

He made his money in oil and created the idea of forming trusts.

• Andrew Carnegie

• John D. Rockefeller

• J.P. Morgan

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Robber Barons and Captains of Industry

the Carnegie Learning Institute, the Rockefeller Foundation, and donating millions to the Metropolitan Museum are examples of

• the actions of robber barons.

• philanthropic efforts to improve society.

• the greed of industrialists.

• new innovations from entrepreneurs.

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Robber Barons and Captains of Industry

What type of workers did the American Federation of Labor accept?

• Both skilled and unskilled

• Just skilled

• Women and men

• Children and Men

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Unions and Strikes

How did immigration help fuel industrial growth?

• It created a new source of consumers.

• Businesses had a new source of cheap labor.

• Many immigrants were entrepreneurs and inventors.

• Immigrants formed labor unions

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Factors of Industrial Growth