Gilded Age

What was the purpose of the Sherman Anti-Trust Act?

• To break up monopolies

• To raise taxes

• To increase tariffs

• To fund railroads

Who developed the telephone?

• Thomas Edison

• Andrew Carnegie

• George Pullman

• Alexander Graham Bell

What was a key feature of U.S. trade policy during the Gilded Age?

• Free trade agreements

• Low taxes on imports

• Protective tariffs

• Import bans

What financial center became crucial for raising capital during the Gilded Age?

• Chicago Stock Market

• Wall Street

• San Francisco Exchange

• Philadelphia Bank

Which invention helped launch the electric power industry?

• Steel plow

• Telegraph

• Lightbulb

• Telephone

Why were protective tariffs beneficial to U.S. manufacturers?

• They lowered prices of foreign goods

• They reduced competition from imports

• They encouraged immigration

• They forced companies to close

How did government attitudes toward business help corporations grow?

• By enforcing strict labor laws

• By providing social services

• By avoiding regulation and oversight

• By limiting production

What did social attitudes during the Gilded Age suggest about wealth?

• It was shameful to be rich

• Only farmers should be wealthy

• Success came from hard work and deserved admiration

• It should be evenly shared among citizens

Why was capital important for industrial growth?

• It replaced labor

• It allowed for large investments in factories and infrastructure

• It reduced consumer demand

• It limited imports

How did the U.S. expand its access to foreign markets during the Gilded Age?

• By reducing production

• Through railroads only

• By building a stronger navy and establishing trade routes

• By ending overseas trade