Unit 7: Gilded and Progressive Ages

Which of the following did NOT put power into the hands of the voters?

• Initiative

• referendum

• recall

• political machines

Answer explanation

Political Machines used corruption to influence many elections. Initiatives, recalls and referendums were used to put more power in voters' hands by letting them propose some bills, vote on some bills and hold officials accountable by voting them out of office

Define suffrage

• the ability to deal with a lot of pain

• the right to vote

• the right to tax

• freedom of speech

Answer explanation

during this time, women FINALLY gained the right to vote

A negative term for an industrialist who uses ruthless business tactics is known as a/an

• Captain of Industry

• Monopolist

• Robber Baron

• Oligopolist

Answer explanation

Robber Barons paid little attention to the welfare of their workers while also destroying their competition

A positive term for an industrialist who was an innovator and also used their money for good causes

• Captain of Industry

• Monopolist

• Robber Baron

• Oligopolist

Answer explanation

Carnegie usually gets more credit for this than he deserves, but that's because he was very public about his donations

What president was best known for making progressive changes?

• Franklin Roosevelt

• William Howard Taft

• Theodore Roosevelt

• William McKinley

Answer explanation

TR was well known for going after monopolies and trusts, as well as creating the FDA. Oh yeah, he's also the Chuck Norris of Presidents...

Why did Theodore Roosevelt form the Bull-Moose Party?

• Because they look cooler than donkeys or elephants

• The Republicans didn't nominate him for a third term

• The Democrats didn't nominate him for a third term

• The Constitution wouldn't allow him to be a president for three terms in the same party

Answer explanation

The Republican Party was actually an ally Big Business, unlike TR. When TR wanted to run again, after a 4 year break, the Party tried to keep him from running. In response, TR formed his own party

What theory/philosophy did industrialists use to justify the huge wealth gap in the US?

• Social Gospel

• Gospel of Wealth

• Progressivism

• Social Darwinism

Answer explanation

Survival of the fittest in business. Rich people said they deserved to be rich because they were great at business, anyone who was poor, deserved to be poor. Yeah, that conflicts with the American Dream

Which of the following would have been used to create more inflation in our currency?

• Gold

• Silver

• Bi-metal

• Greenbacks

Answer explanation

Using Greenbacks meant that we would not base our money on valuable metals like gold or silver. This would created inflation, putting more money into people's hands (especially farmers). FYI: while this did not happen back then, our currency has been greenbacks since the 1970's...and I hate the Packers!

What controls the amount of money in circulation?

• The Treasury

• Congress

• The Federal Reserve

• The Second National Bank

Answer explanation

The more money we print and put out into the world, the les valuable it becomes (inflation). This was set up to make sure inflation does not get out of hand.

Which 2 laws were used to combat monopolies? (pick 2)

• Interstate Commerce Act

• Competition Commission

• The Monopoly Act of 1894

• The Sherman Anti-Trust Act

Answer explanation

These were the "weapons" used by TR to dismantle Trusts and Monopolies