Unit 4 Redemptive Quizizz

According to the "Gospel of Wealth" supported by Andrew Carnegie

• the government should play a major role in controlling the American economy.

• a graduated income tax is needed to reduce the gap between the richest and poorest members of society.

• the wealth and resources in a society should be equitably distributed among the members of that society.

• the accumulation of wealth is beneficial to society and the government should take no action to hinder this accumulation.

Which one of the following descriptions best describes "horizontal integration"?

• when the government controls the factors of production

• a company owns all the businesses that supply it with raw goods

• when the government lets businesses operate without restrictions

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

One of the main reasons John D. Rockefeller was able to succeed in the oil industry was because he

• encouraged competition.

• treated his competitors fairly.

• 
  combined vertical and horizontal integration.

• urged government regulation of the oil industry.

This term is used to refer to a type of business organization created in the 19th century that was meant to eventually produce a monopoly.

• trust

• cartel

• laissez-faire

• pure competition

In a business organization, the splitting of management and ownership into two distinct functions is an example of a(n)

• arbitage.

• corporation.

• entrepreneur.

• partnership.

A major problem created by the rapid growth of American cities in the late 19th century was

• discarding mass amount of human and consumer waste.

• living in close proximity to large livestock and horses.

• inventing modes of communication in densely populated cities.

• finding ways of building tall buildings in tight urban spaces.

Which statement BEST describes the point of this late-19th century cartoon?

• The United States is increasing its exploration for natural resources.

• American society is being controlled by the coal, railroad, and steel industries.

• Major industry is in control of much of American government and society.

• The Federal Government is controlling big business in the United States.

Which of these was an effect of the rapid industrialization of the United States in the last half of the 19th century?

• More people became craftsmen and artisans.

• More people moved to rural areas in search of work.

• Fewer women and children were used in industrial jobs.

• The economy was increasingly controlled by big corporations.

"Robber Barons" and "Captains of Industry"

· Andrew Carnegie, J.P Morgan, John D. Rockefeller, and Andrew Mellon

· Monopolies, trusts, and controversial business practices

· The "Gospel of Wealth" and "Social Darwinism"

With which era of American history are these terms and people MOST closely associated?

• 
  the Gilded Age

• Reconstruction

• the Progressive Era

• the Antebellum Period

The term Robber baron refers to wealthy and powerful 19th century American businessmen who used exploitative practices to amass their wealth.

A philanthropist is a person who makes an active effort to promote human welfare and make a positive impact on society.

Which is the BEST example of a "Robber baron" using his wealth in a "philanthropic" manner?

• Jay Gould and his involvement with the "Tammany Hall" political ring

• Cornelius Vanderbilt and the $1 million endowment he gave to Vanderbilt University

• Alexander Graham Bell using his capital to purchase all of the stock of his competitors

• The sale of Carnegie steel for $480 million to J.P. Morgan and the creation of U.S. Steel in 1901