USHC 4.2 Robber Barons and Big Business

Which of the following are MOST associated with Andrew Carnegie?

 (Choose 4 that apply)

• Horizontal Integration

• Vertical Integration

• Standard Oil

• Gospel of Wealth

• Bessemer Process

Which of the following are most associated with John D. Rockefeller?

Choice (3) that apply

• Standard Oil

• Horizontal Integration

• Kerosene

• U.S. Steel

Study the image. (Remember, to best understand a visual prompt, you need to consider ALL the information presented: dates, characters/individuals represented, setting, descriptions, source, etc.)

Which idea of the late 1800s is MOST closely associated with the cartoon above?

• Regulated Capitalism

• Social Darwinism

• Gospel of Wealth

• Graduated income taxes

Which of the following BEST describes horizontal integration?

• The economic development of flatlands in the American west.

• A company owns all the businesses that supply it with raw goods and necessary services.

• When the government lets businesses operate without restrictions.

• A company acquires similar competing businesses and merges them into a single entity.

Which term BEST describes the United States government's policies towards Big Business during the Gilded Age?

• Regulatory

• Mercantilist

• Laissez-faire

• Progressive

Since the Gilded Age, why have critics of "Big Business" claimed monopolies are harmful to the American economy?

• They argued competition is limited.

• Critics thought urban growth rates decreased.

• Critics argued that technological innovation was harmful.

• Critics believed European industries had an advantage.

Which economic concept is best illustrated by the cartoon?

• Supply and demand

• mercantilism

• monopoly

• trade

What impact did U.S. governmental policies have on business and industry during the late 1800s?

• The U.S. government tried to control public and private utilities and transportation.

• The U.S. government tried to limit and regulate industrial and business growth.

• The U.S. government regulated industry for the public good.

• The U.S. government provided little or no enforcement of regulations on industry.

Attitude the government had toward big business during the late 1800s. "hands off"

• Laissez Faire
• Monopoly
• Trust
• Social Darwinism

Both Andrew Carnegie and John D Rockefeller believed that the strong will survive.

• Social Darwinism
• Assimilation
• Gospel of Wealth
• Vertical Integration