2021 Gilded Age Indsutrialization II

Captains of Industry valued competition in a free market because they believed only the strongest companies would survive and result in better goods and services. This is an example of

• Unionism

• Control Market

• Socialism

• Social Darwinism

What is a Laissez-Faire economy?

• An economy that is completely controlled by the U.S. government
• An economy that is partially controlled by the U.S. government
• An economy that works best when there is very little involvement by the U.S. government
• An economy that is controlled by another country

allows products to be mass produced generally allowing the price to decrease

• assembly line
• push factor
• pull factor
• sharecropping

The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

An effort to improve society through donations of money

• Philanthropy
• Gospel of Wealth
• Laissez-faire
• Protective Tariff

The biggest oil company in the US during the period 1865-1900 was created by 

• JP Morgan
• Andrew Carnegie
• John D. Rockefeller
• Cornelius Vanderbilt

How did railroads impact the prices of goods & services?

• Made goods and services more expensive & harder to ship

• Made goods and services cheaper & easier to ship

• Gave people safer transportation

• Opened new land for exploring and settlements

Why did people move to cities during the Industrial Revolution?

• People were looking for work.
• People were looking for farms.
• People wanted to buy a house.
• People wanted to sell their crops.

The production of goods in large quantities

• Mass production
• interchangeable parts
• cotton gin
• American System

While industralists made lots of money, their workers often didn't, so the period was not as prosperous as it seemed. For this reason it is often called the....

• Great Depression
• Gilded Age
• Golden Age
• Dark Age