Industry & the Gilded Age

Critics of monopolies argued that large corporations

• Made prices of goods too low

• Encouraged competition

• Allowed workers too much free time

• Reduced competition

By offering discounts to their biggest customers, monopolies

• Reduced costs to all customers

• Pleased small farmers.

• Forced some small companies out of business

• Improved the quality of service

When Andrew Carnegie stated, “The man who dies rich, dies disgraced,” he was supporting

• Consumer credit

• Antitrust legislation

• Gospel of Wealth

• Social Darwinism

During the 1800s, which factor contributed most to the start to the Industrial Revolution in the United States?

• A restriction on European immigration

• The end of the slave labor system

• The availability of electricity

• An abundance of natural resources

Which of the following choices best describes the example below?

Oil Company A + Oil Company B + Oil Company C = Mega Oil Company

• Horizontal integration

• Holding company

• Vertical integration

• Board of directors

This political cartoon is a criticism of which practice in the 19th century?

• Vertical integration

• Monopolies

• Industrialists

• Populism

Which of the following statements best illustrates the difference between Angel and Ellis Islands?

• Angel Island closed during the 1960's while Ellis Island is still used as a processing center today.

• Angel Island primarily processed upper class immigrants while Ellis Island processed lower class immigrants.  Both were in New York Harbor.

• Angel Island primarily processed Asian immigrants coming into America on the West Coast, while Ellis Island processed European immigrants entering America on the East Coast.

• All answers are true statements

This labor union, founded by Samuel Gompers in the 1880s, started with a focus on attracting skilled laborers from several industries:

• American Federation of Labor

• United Auto Workers

• Knights of Labor

• International Workers of the World

What did the Haymarket and the Homestead Strikes have in common?

• The general public sympathized with the factory owners.

• Violence occurred after wages were cut and talks failed.

• Employers promoted union membership.

• They were a result of the Wounded Knee.

Europeans that came to the United States between 1880 and 1910 have been described as new immigrants mainly because they

• Came generally from different countries than most earlier immigrants

• Arrived before the closing of the frontier and settled in farms in the West

• Came chiefly from northern and western Europe

• Were considered physically and mentally superior to earlier immigrants