Standard 3 EOC Review #2

How did the Industrial Revolution primarily impact capitalism?

• It led to a decrease in production and slower economic growth.

• It introduced mass production techniques that increased efficiency.

• It resulted in the abolition of capitalism in favor of feudal systems.

• It decreased the need for labor, leading to higher unemployment rates.

What role did labor unions play during the Industrial Revolution?

• They negotiated for higher wages and better working conditions.

• They supported the use of child labor in factories.

• They promoted the interests of industrialists over workers.

• They discouraged workers from forming collective bargaining groups.

Which of the following was a key goal of Progressive Era reforms?

• To maintain the status quo of the Gilded Age.

• To reduce the influence of big business in government.

• To eliminate public education systems.

• To promote laissez-faire economic policies.

Socialism as a reform alternative often proposes which of the following?

• The elimination of private property.

• Increased deregulation of businesses.

• Privatization of all public services.

• Reduction in corporate taxes.

How did immigration during the late 19th to early 20th century impact American capitalism?

• It caused a significant decline in urban populations.

• It led to a labor surplus, which lowered wages.

• It decreased diversity in the workforce.

• It resulted in the complete automation of industries.

What was the primary purpose of the transcontinental railroad?

• To facilitate trade between the Eastern and Western United States.

• To restrict movement to the western territories.

• To increase the cost of goods across states.

• To decrease immigration from the eastern cities.

Which strategy was primarily used in the assimilation of Native Americans during the 19th century?

• Encouraging voluntary migration to urban centers.

• Providing equal voting rights.

• Establishing boarding schools to promote cultural assimilation.

• Promoting their traditional practices in federal policies.

How did big businesses during the Gilded Age typically maintain their power?

• By promoting small businesses as subcontractors.

• By engaging in philanthropic activities.

• By forming monopolies and trusts.

• By reducing their production capacities.

What was one significant effect of labor unions on workers' rights?

• Decrease in workplace safety standards.

• Reduction in the average work hours.

• Increase in job outsourcing.

• Lowering of the minimum wage.

Which of the following best describes the economic philosophy of socialism?

• Free market and competition without government interference.

• Government control of key industries to promote social welfare.

• Complete elimination of government.

• Support for unlimited private entrepreneurship.