Chapter 17

In the late 19 century, The needs of the American steel industry directly contributed to the further development out of all the following except

Automobile industry

False

By 1900, factory work in the United States required ever increasing levels of skill

False

Henry ford built the first gasoline driven Motor vehicle in America

The business structure of Standard oil was a good example of

Horizontal integration

Which of the following is true regarding work conditions in American factories in 1900

Laboreres could expect to work at least 60 hours per week

In the late 19th century, due to the growth of industrial capitalism, American workers

Saw a rise in their standard of living, experienced a loss in control over their own work, we're forced to contend with arduous and dangerous working conditions. All these answers are correct

In the late nineteenth century, industry in the United States

Saw the federal government eager to assist in its growth

False

Social Darwinism was designed to eliminate competition in the market place

According to the ideas expressed by Andrew Carnegie in the Gospel of wealth

The rich had great responsibility is to society

In the late 19th century, Social Darwinists argued that people who failed economically did so because

They have poor individual character

Bessemer process

Blowing air through molten hot iron to burn out impurities and create a much stronger metal, steel

False

Most of the late nineteenth century business tycoons began their careers in poverty or lower class circumstances

Social Darwinism

Only the fittest individuals survived and flourished in the market place

Gospel of wealth

People of wealth should consider all revenues in excess of their own needs "trust funds" to be used for the good of the community

The social theory of social Darwinism

Promoted that idea that capitalism offered all people A chance for a great wealth

Horizontal integration

Purchase of companies at all levels of production

Vertical integration

Purchase of competing companies in the same industry

True

The american oil industry emerged in the late nineteenth century emerged largely in response

Orville and Wilbur Wrights first successful airplane flight in 1903

Took place near Kitty Hawk, North Carolina

The business structure of Carnegie Steel was a good example of

Vertical integration