WorksheetsIndustrialization in the Gilded Age
Total questions: 15
Worksheet time: 8mins
An economic practice where the government does NOT try to control the economy.
Gospel of Wealth
laissez faire
Social Darwinism
horizontal integration
The belief that the rich were chosen by god to be rich and should therefore share their wealth.
Gospel of Wealth
laissez faire
capitalism
Social Darwinism
a belief that the rich are wealthy because they are strong and the poor are weak
Social Darwinism
Gospel of Wealth
laissez faire
monopoly
the control of an entire or most of an industry by one company
laissez faire
capitalism
monopoly
patent
When a company controls everything from raw materials to the distribution of the product
horizontal integration
vertical integration
trust
monopoly
In which industry did Andrew Carnegie earn his fortune?
steel
railroad
gold
oil
Which industry did Rockefeller dominate?
oil
steel
communication
railroad
When a combination of companies control an industry to reduce competition
monopoly
trust
laissez faire
patent
a cause of industrialization
civil war
immigration
natural resources
all of the above
an effect of industrialization
urbanization
growth in economy
political corruption
all of the above
a combination of companies
merger
laissez faire
patent
unions
economy based on profit and private property
capitalism
social darwinism
gospel of wealth
gilded age
the idea that industrialists exploited workers, the environment, and corrupted the gov't
captains of industry
robber barons
horizontal merger
trusts
Vanderbilt, in the railroad industry, practiced
vertical integration
horizontal integration
patent
gospel of wealth
Alexander Bell, in the communications industry, practiced
horizontal integration
vertical integration
trust
urbanization
