Gilded Age, Imperialism, & WW1

What caused slow progress during the construction of the Transcontinental Railroad?

• hazardous mountain regions made work difficult

• railroad companies often had to spend time seeking out people to invest

• railroad companies could not find enough laborers to work for low wages

• competition between railroad companies slowed down progress

Which of the following inventions allowed the building of skyscrapers?

• Bessemer process and elevator

• sewing machine and light bulb

• assembly line and barbed wire

• railroads and printing press

Laissez-faire is a French word that means “to let do.” How did laissez-faire politics relate to business principles during the Industrial Revolution and Gilded Age?

•  the government made no policies to regulate business principles

• foreign businesses controlled the economy

• the government was allowed to implement legislation on businesses as it pleased

• employees could join as many labor unions as they liked

All of the following are characteristics of capitalism EXCEPT:

• competition between businesses

• free market trade

• private ownership of business

• government control of the economy

 A person who gives away all of his money is called a(n)

• entrepreneur

• robber baron

• philanthropist

• boss

A person who uses ruthless business tactics to get money from customers is called a(n)

• entrepreneur

• robber baron

• philanthropist

• boss

A person who starts his own business is called a

• entrepreneur

• robber baron

• philanthropist

• boss

Which of the following people owned the US Steel Corporation?

• Elon Musk

• Andrew Carnegie

• J.P. Morgan

• Cornelius Vanderbilt

What company was started by John D. Rockefeller?

• Otis Elevators

• Kodak Pictures

• J.P Morgan Bank

• Standard Oil Company

Which word describes the kind of economic system found in the United States?

• communism

• monarchy

• capitalism

• republic