Gilded Age Immigration and Economy

The US economy grew significantly after the Civil War, especially during the Gilded Age. This period saw debates over the role of wealthy industrialists and government regulation. Businesses expanded with new management techniques, and key figures like Carnegie and Rockefeller emerged. Inflation decreased, benefiting consumers, while small businesses thrived. Labor conditions were tough, but wages rose, attracting many immigrants seeking better opportunities.

What was a major characteristic of the Gilded Age in the United States?

• A decline in industrial growth

• The end of government regulation

• A decrease in the number of wealthy industrialists

• The U.S. becoming the largest economy in the world

Which management technique involves merging with competitors?

• Competitive integration

• Monopolistic integration

• Horizontal integration

• Vertical integration

Who were two key figures in the business world during the Gilded Age?

• Cornelius Vanderbilt and Alexander Graham Bell

• Henry Ford and J.P. Morgan

• Andrew Carnegie and John D. Rockefeller

• Thomas Edison and Nikola Tesla

What economic condition benefited savers and consumers after the Civil War?

• Hyperinflation

• Deflation

• Stagnation

• Inflation

What was a major impact of the engineering revolution on agriculture?

• Decreased farm productivity

• Increased urban migration

• Reduced need for factory workers

• Higher costs for farm equipment

Why did small businesses thrive during the Gilded Age?

• They filled market niches that large businesses couldn't

• They had more capital than large businesses

• They were heavily regulated by the government

• They had better technology than large businesses

What was a common condition for workers in factories during the Gilded Age?

• Comprehensive health benefits

• Dangerous working conditions

• High wages

• Short working hours

How did the standard of living change for workers during the Gilded Age?

• It was unaffected by economic changes

• It increased despite long working hours

• It remained the same

• It decreased significantly

What was a significant factor that drew immigrants to the United States during the Gilded Age?

• The decline of industrialization

• The end of the Gilded Age

• The increasing economic opportunities

• The lack of job opportunities

From which regions did many immigrants come to the United States during the Gilded Age?

• Australia and the Middle East

• Western Europe and Africa

• Eastern and Southern Europe

• Asia and South America