Exploring the Gilded Age and the Rise of Big Business

What term did Mark Twain coin to describe the era of economic growth in the 1870s and 1880s?

• The Golden Age

• The Gilded Age

• The Industrial Age

• The Progressive Era

Who were considered the 'robber barons' of the Gilded Age?

• Politicians

• Farmers

• Industrialists

• Bankers

What was a key argument by critics of the Gilded Age's big businesses?

• They manipulated markets

• They supported workers' rights

• They encouraged competition

• They promoted free trade

Which integration strategy involves merging with competitors?

• Cross-sectional integration

• Lateral integration

• Vertical integration

• Horizontal integration

Who was a major figure in the steel industry during the Gilded Age?

• Thomas Edison

• Andrew Carnegie

• J.P. Morgan

• Henry Ford

What was the economic trend regarding prices after the Civil War?

• No change

• Gentle deflation

• Rapid inflation

• Steady increase

How did deflation affect farmers in the Gilded Age?

• Improved productivity

• Made debts harder to pay

• Decreased land values

• Increased profits

What was a common characteristic of factory work during the Gilded Age?

• Safe working conditions

• High wages

• Short working hours

• Long working hours

What percentage did unskilled workers' wages increase from the Civil War to World War I?

• 75%

• 25%

• 44%

• 60%

Why did millions of immigrants come to the United States during the Gilded Age?

• For religious freedom

• For the climate

• For political reasons

• For economic opportunities