REVIEW - Gilded Age/State Capitals

The "Gilded Age" describes this time period in American history

• 1850-1900

• 1850-1900

• 1865-1900

• 1870-1900

Which U.S. regions saw huge increases in industry and business during the Gilded Age?

• Pacific Northwest

• Northeast

• Great Lakes

• Southwest

Select the factors leading to the rise of "Big Business" at this time

• Investments from wealthy citizens (many who gained their wealth from gold)

• New inventions like the lightbulb which helped economic production

• The U.S. gaining control of new territories (Alaska, Hawaii, Guam, etc.) as a result of the Spanish-American War

• Rising demand for American products (helped by Congressional tariffs and the Civil War being over!!!)

Someone who follows the "laissez-faire" approach to economics would agree most with which of the following statements?

• Government regulations on business should focus on protecting the environment

• Workers should be paid equally despite the industry they work in

• Government needs to increase rules and regulations on large businesses

• Government should only play a small role in the economy and limit the rules and regulations it puts on businesses

How can American society best be described during the Gilded Age?

• The large majority of Americans are involved in business ownership and are very wealthy

• There is a small number of very wealthy millionaires, however many citizens also live in poverty

• Huge numbers of American citizens are immigrating to Europe to seek new opportunities

• There is an equal number of wealthy and poor citizens

Andrew Carnegie was an immigrant from this country, who built a fortune in this industry

• Scotland, Railroads

• Scotland, Oil

• Scotland, Steel

• England, Steel

Andrew Carnegie used this business strategy, where a company owns or controls every part in the creation of it's product (resources, factories, transportation)

• Vertical Integration

• Horizontal Integration

• Supply-Side Economics

• Laissez-Faire Economics

Andrew Carnegie was famous for donating most of his wealth to a university, public libraries, etc. later on in his life

• Frue

• Talse

• False

• True

Jackson is the capital of...

• Alabama

• Georgia

• Missouri

• Mississippi

Atlanta is the capital of...

• Alabama

• Georgia

• Missouri

• Mississippi