Rise of Industrial America Quiz

What Act was enacted in 1867 to regulate the railroad industry?

• Interstate Commerce Act

• Sherman Anti-Trust Act

• Railroad Regulation Act

• Railroad Expansion Act

This person invented the safety razor

• Alexander Graham Bell

• King Gillette

• Henry Frick

• Samuel B. Morse

Which was NOT considered a negative about the railroads?

• Involved in fraud

• mismanaged and unprofitable

• Many went into bankruptcy and failed

• Had same rates for all shippers

Made a fortune in steel

• Andrew Carnegie

• John D Rockefeller

• J.P. Morgan

• Cornelius Vanderbilt

This was a belief that the wealthy had a God-given responsibility to practice philanthropy

• Protestant Work Ethic

• Laissez-Faire Capitalism

• Gospel of Wealth

• Social Darwinism

This was the idea that the government should not interfere with the economy and, as a result, businesses will be self-motivated to offer improved goods at low prices

• Social Darwinism

• Protestant Work Ethic

• Gospel of Wealth

• Laissez-Faire Capitalism

This is the idea that hard work and material success were signs of God’s favor

• Laissez-Faire Capitalism

• Protestant Work Ethic

• Social Darwinism

• Gospel of Wealth

The idea that survival of the fittest should be applied to the marketplace.

• Gospel of Wealth

• Social Darwinism

• Laissez-Faire Capitalism

• Protestant Work Ethic

Made a fortune from the railroads

• John D Rokefeller

• Cornelius Vanderbilt

• Thomas Edison

• Henry Frick

Made a fortune in banking and finance

• J. P. Morgan

• Andrew Carnegie

• Henry Frick

• Cornelius Vanderbilt