Progressivism Quiz

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

• Gospel of Wealth

• laissez faire

• Social Darwinism

• horizontal integration

The belief that the rich were chosen by god to be rich and should therefore share their wealth.

• Gospel of Wealth

• laissez faire

• capitalism

• Social Darwinism

a belief that the rich are wealthy because they are strong and the poor are weak

• Social Darwinism

• Gospel of Wealth

• laissez faire

• monopoly

the control of an entire or most of an industry by one company

• laissez faire

• capitalism

• monopoly

• patent

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

• horizontal integration

• vertical integration

• trust

• monopoly

In which industry did Andrew Carnegie earn his fortune?

• steel

• railroad

• gold

• oil

Which industry did Rockefeller dominate?

• oil

• steel

• communication

• railroad

When a combination of companies control an industry to reduce competition

• monopoly

• trust

• laissez faire

• patent

economy based on profit and private property

• capitalism

• social darwinism

• gospel of wealth

• gilded age

the idea that industrialists exploited workers, the environment, and corrupted the gov't

• captains of industry

• robber barons

• horizontal merger

• trusts