Industrialization and Labor in the Gilded Age

In the latter half of the 1800s, what did a large labor supply, an abundance of natural resources, and the construction of new railroads contribute most directly to?

• The decline of agriculture

• Industrialization in the United States

• The rise of small businesses

• The expansion of the military

How did industrialists and big business owners feel about the treatment of workers during the Gilded Age?

• They believed in improving working conditions

• They felt workers could leave if they disliked conditions

• They wanted to reduce working hours

• They supported workers' unions

What industry is Vanderbilt most known for?

• Banking

• Steel

• Railroad

• Oil

Which industry is Morgan most associated with?

• Oil

• Banking and Finance

• Steel

• Railroad

Carnegie is most known for his work in which industry?

• Oil

• Railroad

• Steel

• Banking

Rockefeller is most known for his work in which industry?

• Steel

• Oil

• Banking

• Railroad

According to critics, whose interests did the Senate care most about during the rise of "Big Business"?

• Workers

• Consumers

• Business Owners

• Environmentalists

What government policy allowed for workers and consumers to be taken advantage of during the Gilded Age?

• Progressive taxation

• Laissez-faire policies

• Strict regulations

• Minimum wage laws

Why were monopolies possible (and used to eliminate competition) in the Gilded Age?

• Strict government oversight

• High tariffs

• No regulations or laws prohibiting them

• Strong labor unions

Why did "the corporation" become the most favored type of business organization in the Gilded Age?

• It was heavily taxed

• It allowed people to pool their money for investment

• It was easy to dissolve

• It required no capital