6.12 AMSCO Intro APUSH

What were the two popular ideas during the Gilded Age that influenced the 'do-little' governments?

• Laissez-faire economics and Social Darwinism

• Keynesian economics and Marxism

• Monetarism and Protectionism

• Mercantilism and Feudalism

What was the primary purpose of the federal land grants to railroad companies during the Gilded Age?

• To promote progress and subsidize railroad construction

• To regulate railroad rates and prevent corruption

• To nationalize the railroad industry

• To provide free transportation for all citizens

What was a negative effect of the subsidies for railroad companies?

• Corruption in the government

• Improved transportation for agricultural products

• The creation of the Carlisle School in the West

• Public services completed in exchange for votes

What was the main outcome of the Interstate Commerce Act of 1887?

• It required railroad rates to be 'reasonable and just' and established the Interstate Commerce Commission (ICC)

• It nationalized the railroad industry

• It eliminated all forms of rebates and pools

• It provided subsidies to farmers

What was the main limitation of the Sherman Antitrust Act of 1890?

• It was too vaguely worded to stop the development of trusts

• It applied only to manufacturing, not commerce

• It was never enforced by the government

• It was only applicable to foreign companies

How did the U.S. government use foreign policy to influence economic changes during the Gilded Age?

• By purchasing Alaska and annexing Hawaii to promote trade with Asia

• By imposing high tariffs on European goods

• By forming military alliances with European powers

• By colonizing African territories