Gilded Age Introduction

exclusive control of a product or service in a particular market

• Trust

• Monopoly

• Calavary

• Corruption

A group of workers from the same industry or company.

• Calvary

• Corruption

• Labor Union

• Trust

Select the names of the industrial capitalists of the Gilded Age.

• Alexander Graham Bell

• Cornelius Vanderbilt

• Andrew Carnegie

• John D. Rockefeller

• J.P Morgan

Select the names of three famous inventors from the Gilded Age.

• George Washington Carver

• Elon Musk

• Steve Jobs

• Alexander Graham Bell

• Thomas Edison

How were individual companies able to become so powerful in the Gilded Age? (Choose 2)

• Labor unions were created to help protect workers.

• Monopolies and trusts gave industry leaders more control.

• Arbitration made a lot of industry leaders wealthy.

• Advancements in advertising and transportation helped create national markets.

• Specialization left owners with more time to invest in other businesses.

What conditions led to the development of labor unions? (Choose 2)

• arbitration

• low wages and long hours

• strikes

• unsafe working conditions

• collective bargaining

How was the Gilded Age a time of economic disparity?

• Most people became very wealthy, but a few people were very poor.

• A few people became very wealthy, but most people were very poor.

• Almost everyone gained wealth and was able to buy new goods such as cars and TVs.

• Wealth was redistributed so everyone had approximately the same amount of money to spend.

If their preferred method to improve working conditions failed, labor unions would sometimes use __________ , which occasionally led to violence.

• collective bargaining

• strikes

• laissez faire policies

George Washington Carver invented __________ that can be produced from peanuts and sweet potatoes.

• 2 products

• approximately 100 products

• more than 300 products

What does the term gilded mean?

• Full of riches and opportunities

• Gaining new land

• Covered in a thin layer of gold

• Made of solid gold