Unit 5B CFA Review

How did the expansion of railroads across the United States impact the development of the country?

• raised the cost of shipping in the United States

• decreased the importance of cities in the Midwest

• enabled trade to most parts of the country

• led to the decline of the steel industry

The growth of the oil and steel industry was a direct result of which of the following?

• expansion of the railroad system

• expansion of western farming and ranching

• establishment of time zones in the United States

Which statement BEST describes an attitude shared by John D. Rockefeller & Andrew Carnegie?

• Strong labor union are essential to the health of the economy.

• There is a need to control the supply of trade in a commodity and/or service.

• Natural resources belong to all citizens and should not be used for private gain.

• Concentrating economic power in the hands of a few individuals is a threat to the country.

(True or False): A monopoly is essentially created when a large company purchases smaller companies, therefore merging into a single trust/company (corporation).

• True

• False

(True or False): John D. Rockefeller was able to acquire an estimated 90% of the oil business at the height of his Standard Oil Company.

• True

• False

Which of the following technological inventions had a MAJOR impact on the development of the United States during the Gilded Age?

• steel plow

• telegraph and telephone

• refrigeration and sewing machines

• steam engine

After the invention of the lightbulb, what had to be constructed in order to support the use of lightbulbs in houses and buildings?

• electricity grid

• railroads

• skyscrapers

• canals and bridges

Why did the increase of immigration to the United States result in the rise of nativist attitudes in the late 1800s?

• Native-born politicians routinely lost elections to immigrants due to large urban immigrant populations.

• Native-born politicians struggled to gain support for their policies within immigrant communities.

• Native-born Americans were eager to experience new cultural traditions.

• Native-born workers grew to resent the immigrants based off their perception of job loss.

Why were labor unions established in the United States during the Gilded Age?

• to convince consumers to buy manufactured goods

• to gain investors in order to start their own factories

• improve working conditions and obtain higher wages

• to create more job opportunities for women and children

(True or False): Skilled laborers were more likely to join the American Federation of Labor, as compared to unskilled workers.

• True

• False