Labor Movements and Economic Changes

What term did economist Thornstein Veblen coin to describe the extravagant display of wealth by the rich during the Gilded Age?

• Opulent Display

• Conspicuous Consumption

• Wealth Exhibition

• Lavish Living

What was a significant consequence of the Panic of 1873 and the Panic of 1893 for the working class?

• Higher wages

• Increased job opportunities

• Significant wage reductions

• Improved working conditions

Despite economic challenges, what positive change occurred for many Americans during the Gilded Age?

• Decrease in available goods

• Rise in living standards

• Reduction in working hours

• Increase in child labor

What was the primary reason for the formation of labor unions during the Gilded Age?

• To promote industrialization

• To negotiate better wages and conditions

• To support government policies

• To reduce immigration

What was the outcome of the Great Railroad Strike of 1877?

• Increased wages for all workers

• Complete shutdown of all railroads

• Federal intervention and violence

• Immediate resolution of worker grievances

What tactic did Eugene V. Debs use during the Pullman Strike?

• Organizing peaceful protests

• Boycotting trains with Pullman cars

• Lobbying for new laws

• Negotiating with the government

Which labor union was known for its inclusive membership policy, allowing both black laborers and women to join?

• American Federation of Labor

• Knights of Labor

• Industrial Workers of the World

• National Labor Union

What was one of the main goals of the Knights of Labor?

• Promotion of child labor

• Destruction of trusts and monopolies

• Support for industrial capitalism

• Increase in working hours

What event led to the decline of the Knights of Labor?

• The Panic of 1893

• The Great Railroad Strike

• The Haymarket Square Riot

• The Pullman Strike

Who led the American Federation of Labor, which focused on higher wages and safer working conditions?

• George Pullman

• Thornstein Veblen

• Samuel Gompers

• Eugene V. Debs