Robber Barons & Monopolies

Which term BEST describes the United States government's policies towards Big Business during the Gilded Age?

• Regulatory

• Mercantilist

• Laissez-faire

• Progressive

Since the Gilded Age, why have critics of "Big Business" claimed monopolies are harmful to the American economy?

• They argued competition is limited.

• Critics thought urban growth rates decreased.

• Critics argued that technological innovation was harmful.

• Critics believed European industries had an advantage.

Which economic concept is best illustrated by the cartoon?

• Supply and demand

• mercantilism

• monopoly

• trade

What impact did U.S. governmental policies have on business and industry during the late 1800s?

• The U.S. government tried to control public and private utilities and transportation.

• The U.S. government tried to limit and regulate industrial and business growth.

• The U.S. government regulated industry for the public good.

• The U.S. government provided little or no enforcement of regulations on industry.

Both Andrew Carnegie and John D Rockefeller believed that the strong will survive.

• Social Darwinism
• Assimilation
• Gospel of Wealth
• Vertical Integration

When one company dominates and industry with little to no competition.

• Monopoly
• Big Business
• Standard Oil
• Trust

Created by Robber Barons to get around new monopolies rules and regulations.

• Trust
• Monopolies
• Sherman Anti Trust Act
• Corporation Mergers

Dominated the oil industry.

• Carnegie
• Rockefeller
• Morgan
• Gates

Why were the Industrial Capitalists referred to as "robber barons"?

• Industrialists often took advantage of other people economically.
• Industralists stole from the rich and gave to the poor.
• Industrialists were shared buisness partnerships controlled by a CEO.
• Industralists often formed conglomerates to rob smaller industries.

How did the industrialist John D. Rockefeller typify the robber barons?

• Rockefeller brought artistic movements like the harlem Reanaissance tro American society.
• Rockefeller, founder of standard oil, monopolized many industries to become wealthy.
• Rockefeller was able to manipulate United States Congress demonstrating the rampant corruption in the american politicical system. 
• Rockefeller was able to expand his oil industry to 90% of the Third World nations.