Quiz on Laissez Faire Capitalism and Industrialization

How did railroads contribute to industrialization?

• By decreasing transportation costs

• By increasing travel time

• By limiting access to resources

• By reducing the workforce

What is a "Captain of Industry"?

• A leader who exploits workers

• A business leader who contributes positively to the country

• A government official

• A military leader

Which industry did J.D. Rockefeller control?

• Steel

• Railroads

• Oil

• Banking

What is one method used by big businesses to increase profits?

• Increasing wages

• Reducing production costs

• Hiring more employees

• Expanding government regulations

Why was the era called the Gilded Age?

• Because of the widespread poverty

• Because of the glittering surface of wealth covering underlying issues

• Because of the lack of industrial growth

• Because of the peaceful political climate

What is one factor needed for industrialization?

• Abundant natural resources

• High unemployment

• Limited transportation

• Low population

What is another factor needed for industrialization?

• Skilled labor force

• Lack of innovation

• High tariffs

• Limited capital

What does Assimilation refer to in the context of immigration?

• The act of leaving one's country

• The process of adapting to a new culture

• The enforcement of immigration laws

• The creation of new cultural traditions

Who were considered "Old" Immigrants in the U.S.?

• Immigrants from Asia

• Immigrants from Southern and Eastern Europe

• Immigrants from Northern and Western Europe

• Immigrants from Africa

Who were considered "New" Immigrants in the U.S.?

• Immigrants from Northern and Western Europe

• Immigrants from Southern and Eastern Europe

• Immigrants from Latin America

• Immigrants from Canada