Unit 4 OVERALL Review

Which best describes the impact of the transcontinental railroad?

• It spurred a series of technological advances.

• It led to the industrialization of the Old South.

• It allowed for religious groups to move West to seek freedom.

• It led to an increase in the number of wagon train groups going west.

What was the primary reason Congress raised tariff rates in the late 1800's and early 1900's?

• to increase support for a federal minimum wage

• to ensure consumers paid the lowest price for goods

• to increase tax revenue to pay for social programs

• to promote the growth of domestic manufacturing

What is another word for "trust" as it is used in the phrase "anti-trust" laws?

• demand

• freedom

• market

• monopoly

The idea that business should be free from government regulation best represents which system?

• Social Darwinism

• capitalism

• laissez-faire

• socialism

Why do some historians label John D Rockefeller and other big businessmen of the Gilded Age as "Robber Barons"?

• They mimicked the lifestyles of medieval lords.

• Many owned large estates in the western part of the country.

• Some stole large sums of money from the federal treasury.

• They were ruthless competitors who cheated and exploited workers.

How did organizing a trust enable industrialist such as John D Rockefeller to accumulate wealth and power?

• It gave one group of men control over most of the companies in an industry.

• It created banks whose primary purpose was to make business loans.

• It divided companies among family members who were closely related.

• It promoted informal agreements among competing companies.

How did the ideas of Social Darwinism impact the economic culture of the United States in the late 1800s and early 1900s?

• It justified the growth of large businesses at the expense of smaller businesses.

• It promoted the use of government programs to improve the situation for poor citizens.

• It led to the formation of labor unions as a way to improve working conditions.

• It led to support for a private school system to give wealthy children the best education.

How did the use of horizontal and vertical integration impact the growth of industry in the U.S.?

• It ensured that all companies were treated fairly and were able to compete.

• It contributed to a more equitable distribution of wealth in the nation.

• It encouraged the formation of new industries and businesses.

• It allowed large companies complete control of the production of many natural resources.

The passage of the Sherman and Clayton Antitrust Acts demonstrated which idea?

• The United States was committed to maintaining high tariffs to encourage economic growth.

• The United States supported the efforts of progressives to improve conditions in factories.

• The United States was committed to open immigration policies to bring new workers to the country.

• The United States began to move away from laissez-faire economic policies at the turn of the century.

How was Henry Ford able to produce a more affordable car than other automobile manufacturers?

• He used a cheaper, more efficient production method.

• He imported inexpensive parts from other countries.

• He did not spend money on advertising.

• He paid his workers a very low wage.