Steel Construction Quiz

What were two uses of steel in the construction of U.S. infrastructure?

• Railroads and bridges

• Automobiles and airplanes

• Skyscrapers and shopping malls

• Schools and hospitals

What is one argument made against business leaders being considered "Robber Barons"?

• They created jobs for Americans

• They raised the standard of living

• They became rich by stealing from the public

• They served their nation positively

What is one argument in favor of business leaders being considered "Captains of Industry"?

• They bribed politicians to write laws for them

• They became rich by stealing from the public

• They created jobs for Americans

• They served their nation negatively

From which industry did Andrew Carnegie accumulate his wealth?

• Oil

• Steel

• Railroads

• Banking

What concept did Andrew Carnegie preach?

• Gospel of Poverty

• Gospel of Wealth

• Gospel of Giving

• Gospel of Prosperity

According to Andrew Carnegie's 'Gospel of Wealth', who should give their money to benefit society?

• The government

• The middle class

• The rich

• All citizens

According to Andrew Carnegie's 'Gospel of Wealth', what should the rich do with their money?

• Invest it to become richer

• Keep it for their heirs

• Give it to the government

• Benefit society

What does Social Darwinism state about individuals who are "fit" in business?

• They should be supported by the government.

• They are meant to become rich, while those who aren't are meant to be poor.

• They should share their wealth with the less fortunate.

• They should be taxed more to support social welfare programs.

According to Social Darwinism, what role should the government have in business?

• The government should actively support businesses with subsidies.

• The government should interfere with business to ensure fair competition.

• The government should not interfere with business or tax it.

• The government should regulate businesses to protect consumers.

What is a monopoly in the context of unfair practices of industry?

• A board game that simulates economic competition

• A government policy to encourage small businesses

• A business having complete control of a product or service

• A strategy to reduce prices and increase consumer choice