Chapter 3: Industrialization and the Gilded Age Practice Test

The term used to describe the tumultuous years between the Civil War and the turn of the twentieth century...

• The Golden Age

• The Progressive Era

• The Gilded Age

• The Steel Age

Which of the following was TRUE of the Second Industrial Revolution?

• The US became the world's leading industrial nation

• The GNP of the US grew faster than ever before

• Experienced advancements in electrification

• All of the above

Which of the following helped the United States' rapid growth in industry?

• Vast natural resources

• The transcontinental railroad

• Immigrant labor

• ALL of the above

A policy that government should interfere as little as possible in the nation's economy?

• Tabula Rasa

• Laissez Faire

• Quid Pro Quo

• Ceteris Paribus

Economic system with little to no government regulation...

• Communist System

• Free-enterprise System

• Socialist System

• Command Economy

Which of the following was TRUE of the building of the building of the transcontinental railroad?

• The railroad workers faced extreme working conditions

• Relied primarily on the labor of former soldiers

• It took just over a decade to compete

• ALL of the above

LAND GRANTS were given to companies for the purpose of...

• Making the companies a massive profit

• Building things such as railroads, roads, agricultural products etc.

• Creating a more fair playing field for businesses

• ALL of the above

Robber Barons were...

• Corrupt politicians that made massive amounts of money off of the railroads

• Members, or supporters of a specific political party that brought votes for favors

• Businessmen accused of becoming rich through ruthless and unethical (and corrupt) methods

• Gangs of bandits that consistently robbed the railroads

An organization owned by many people, but treated by law as though "it were a person"

• Business

• Conglomerate

• Corporation

• Economy of Scale

Initially, when prices FALL on goods/services, is it good for consumers or businesses?

• Consumer

• Businesses

• Both

• Neither