The Gilded Age

The Gilded Age is infamous for --

• Paying workers high salaries

• Promoting women in positions of leadership

• Businessmen bribing government officials

• The rapid advancement in the field of science

The invention of the light bulb is significant because --

• People could stay up later to read books

• Heat produced by the light bulb could heat homes

• It enabled factory workers to work longer hours and increase production

• It was the first scientific discovery in the U.S.

The economic system of the United States is called --

• Socialism

• Free-Enterprise

• Colorism

• Totalitarianism

Andrew Carnegie, through acts of philanthropy, gave some of his money to --

• Public zoos

• Poor immigrants

• Workers in his factories

• Libraries and educational institutions

Standard Oil is labeled a monopoly because --

• John D. Rockefeller donated $530 million

• John D. Rockefeller went into business with Cornelius Vanderbilt

• John D. Rockefeller owned 90% of all oil in the country

• John D. Rockefeller used vertical integration as his business strategy

The term Robber Baron is used to describe --

• A politician who accepts bribes

• Workers who steal from their employers

• Business men who are successful entrepreneurs

• Businessmen who are greedy and corrupt

In response to railroads charging unfair prices to farmers, the government passed the --

• Fair Railroad Act

• Interstate Commerce Act

• Farmer Rights Act

• Economic Equality Act

The Sherman Anti-Trust Act was passed to --

• Allow workers the right to organize against their employers

• Break apart monopolies

• Encourage scientific discoveries

• Stop entrepreneurs from creating new businesses

Farmers used the railroads to --

• Move from one farm to another

• Transport their crops

• Hunt buffalo to near extinction

• Delivery farm machinery

The term laissez-faire means --

• The government does not interfere with businesses

• The government will break apart monopolies

• Workers have a right to organize into labor unions

• Anyone can start their own business