Gilded Practice Questions

Process which made steel more affordable and profitable.

• Laissez-faire

• Interstate Commerce

• Bessemer

• National Market

Who made their fortune refining oil; founded Standard Oil?

• Samuel Gompers

• John D. Rockefeller

• Andrew Carnegie

• JP Morgan

What are businessmen who are known for their positive contribution to the modern industrial economy called?

• Robber Barons

• Entrepreneurs

• Leaders

• Captains of Industry

The theory that government should not interfere in the operation of the free market.

• Maslow

• Bessemer Process

• Free Enterprise

• Laisez-Faire

When there is complete control of a product or service; the elimination of fair competition.

• Dictatorship

• National Market

• Opportunity Cost

• Monopoly

This a an act of "charitable giving."

• Laissez-Faire

• Beneficiary

• Philanthropy

• Frugality

Which of the following best characterizes the Gilded Age?

• The discovery of goldfields in the West led to an increase in the amount of money issued for circulation.

• Industrialists used their connection with corrupt government officials for material gain and political power

• In the Deep South a sharp increase in immigration brought a boom in construction and industry

• Small, family-owned farms were bought and consolidated to form large agricultural corporations

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

• 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

How did the expansion of railroad transportation most benefit farmers in the US?

• By raising the consumer price of agricultural products

• By increasing the variety of locally grown crops

• By providing farmers with affordable access to distant markets

• By encouraging farmers to form the first agricultural cooperatives

Which result completes this diagram?

• Ratification of a suffrage amendment

• Building of the transcontinental railroad

• Passage of prohibition legislation

• Expansion of labor unions