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Gilded Age Review

Total questions: 16

Worksheet time: 8mins

Name
Class
Date
1.

In this economy, the question of "what to produce" is driven by consumers...

a)

Market Economy

b)

Laissez-faire

c)

Democracy

d)

Socialist Economy

2.

Which of the following is an example of a robber baron?

a)

Carnegie

b)

Rockefeller

c)

Vanderbilt

d)

All are examples of robber barons

3.

Which of the following best describes the term, "laissez-faire?"

a)

Weak rule

b)

Hands off government

c)

Powerful government

d)

Government in charge

4.

This is is a person who takes significant risks to start a new business enterprise, but who also gains significant rewards if the business succeeds.

a)

Monopolistic owner

b)

Robber Baron

c)

Individualism

d)

Entrepreneur

5.

A trust is...

a)

A legal body used to bypass laws that prevented companies from owning stock in other companies

b)

Knowing someone will follow through

c)

Rulers you can trust to legislate regulations for various companies to aid workers

d)

Unions that fought for industrial workers

6.

A tariff is...

a)

A high tax

b)

A tax on an imported good

c)

A regulatory law

d)

An English tax

7.

Which of the following was the first Federal act that outlawed monopolistic business practices?

a)

Pullman Act

b)

Interstate Commerce Commission

c)

Sherman Antitrust Act

d)

Industrial Regulatory Act

8.

What is a business without any competition?

a)

Oligopoly

b)

Laissez-faire

c)

Market Economy

d)

Monopoly

9.

Which of the following strikes involved a ruckus between strikers and police officers, and led to a bomb being thrown, as well as anarchists sent to trial with the sole blame?

a)

Haymarket Riot

b)

Pullman Strike

c)

Homestead Strike

d)

Railroad Strike

10.

Which of the following strikes included a shootout between strikers and private security guards?

a)

Homestead Strike

b)

Haymarket Riot

c)

Pullman Strike

d)

Populist Campaign

11.

Which of the following strikes was the result of low wages, but high rent?

a)

Homestead Strike

b)

Haymarket Riot

c)

Pullman Strike

d)

Populist Campaign

12.

Which of the following best defines the term, "socialism?"

a)

A political and economic system in which the government is "hands off"

b)

A political and economic system in which the nation's major decisions are determined by the voice of the people; particularly through those who voice their opinions through strikes

c)

A political and economic system in which

d)

A political and economic system in which most property and resources, such as factories or farms, are publicly owned or controlled

13.

Which of the following was believed by members of the Populist Party?

a)

A graduated income tax

b)

Unlimited silver coinage

c)

Public ownership of railroads

d)

All were beliefs of the Populist Party

14.

True or False: The Knights of Labor and the American Federation of Labor were two national labor movements that fought to make progress for American workers.

a)

True

b)

False

15.

What does "Social Darwinism" mean?

a)

"Survival of the fittest"

b)

"Every man for themself"

c)

"An eye for an eye"

d)

"Fight for your rights"

16.

Which of the following best describes the meaning of this political cartoon?

a)

Monsters are controlling the country

b)

Big business "rules" the nation

c)

Americans were battling a terrible war

d)

Women were in the most danger during this time