Gilded Age Test

The ability to move up the social and economic ladder into a higher class

• social mobility

• social stratification

• economic stability

• social vitality

(a)   means that businesses compete to win customers, making the best products, at the lowest price.

Capitalism is an economic philosophy based on the idea that:

• Businesses are created, owned and operated by private citizens

• Businesses are created, owned and operated by government officials

• Businesses are run only by the elite

• There are actually no businesses, and we live in the matrix.

The idea that people or nations who were successful was because they were evolutionary superior

• social darwinism

• inferiority of man

• virtuous evolution

• laissez-faire

____________________ gained power by providing immigrants with services (jobs) in exchange for votes.

• Political Machines

• Big Business

• Labor Unions

• Andrew Carnegie

Which of the following is an example of tenement?

• 
• 
• 
• 

The picture shows which negative effect of industrialization?

• High wages were earned
• Short working hours
• Safe working conditions
• Child labor was used

Which word means a complete ownership or control of the entire supply of goods or a service in a certain market?

• monopoly

• industry

• colony

• philanthropy

An economic practice where the government does NOT try to control the economy.

• Gospel of Wealth

• laissez faire

• Social Darwinism

• horizontal integration

When a company controls everything from raw materials to the distribution of the product

• horizontal integration

• vertical integration

• trust

• monopoly