Gilded Age Part 1

Match the following industrialists to their correct industries.

• Banking & Finance

• Cornelius Vanderbilt

• Steel

• John D. Rockefeller

• Oil

• J.P. Morgan

• Railroad & Shipping

• Andrew Carnegie

The _____________ ____________was an invention that allowed steel to be massed produced.

Thomas Edison's invention of the ​ (a)   impacted factory workers by increasing ​ (b)  

• light bulb
• bessemer process
• working hours
• wages

Politicians who took bribes from Gilded Age industrialists were considered to be --

• corrupt

• Republicans

• Democrats

• ethical

Andrew Carnegie donated millions of dollars to libraries, colleges, performance centers, and research. This is an example of --

• antitrust

• monopolies

• philanthropy

• industrialization

Identify 3 "pros" to big businesses.

• Lower priced products

• Increased job opportunities

• Ability to improve products

• Increased exploitation of workers

Identify 3 "cons" to big businesses.

• Buying smaller businesses

• Long hours & little pay for workers

• Can influence political decisions

• Growth of smaller businesses

John D. Rockefeller created a trust (monopoly) over oil refineries through ​ (a)   integration. He would purchase other oil companies so he did not have to compete with them. ​

• horizontal
• vertical
• linear

Why did Gilded Age industrialists support laissez-faire beliefs?

• it forced the government to pay workers' wages

• it encouraged the government to set their prices for them

• it promoted Social Darwinism

• it prevented the government from interfering with their businesses

What was a major result of the Grange Movement?

• farmers gave up & started working in factories

• the government began passing antitrust laws

• the government protected monopolies

• farmers took over the railroad companies