History: Preparing for Quiz 3
Steps to control the power of corporations were taken by: the government labor unions President Roosevelt monopolies
the government labor unions President Roosevelt
A factory worker was more in control of his own destiny than a farmer. True or False
False
Farm life kept a man from being his own boss. True or False
False
standard of living
P
Why were labor unions needed? Individual workers who objected to conditions were simply fired. Legally, companies only had to listen to unions. Unions could present a united front against employers.
Individual workers who objected to conditions were simply fired. Unions could present a united front against employers.
natural resources
N
quality of air and water
N
Unions formed on behalf of the working man were: NLU AFL ALU Knights of Labor
NLU AFL Knights of Labor
the total amount of money or property owned or used by a corporation or business
capital
Factors needed for big business to be successful included: capital mergers business specialists
capital mergers business specialists
The government helped combat large industries by: controlling working hours improving distribution helping small businesses increasing pay
controlling working hours helping small businesses
Some good things done by corporations for the country were: improving production helping small businesses improving distribution adding to economic development
improving production improving distribution adding to economic development
Early unions attempted to provide: retirement funds increased pay shorter hours small-business loans
increased pay shorter hours small-business loans
a combining of entities
merger
When a business has exclusive control of a product, it has a _____________________.
monopoly
Advantages corporations brought to America included: reduced unemployment monopolies larger variety of goods
reduced unemployment larger variety of goods
What did the Industrial Age do to the average working man's creativity and imagination? took away the average man's creativity and imagination gave him new opportunities contributed to a decrease in leisure, limiting man's expression of creativity to work brought about assembly lines, which eliminated creativity made it so the average working man could only take orders, not think
took away the average man's creativity and imagination brought about assembly lines, which eliminated creativity made it so the average working man could only take orders, not think
one having great wealth and power
tycoon
Harriman, Rockefeller, and Vanderbilt made fortunes from the railroad industry. True or False
False
Most of the profits of corporations went into making their leaders wealthy. True or False
False
Much of the money that went into building corporations came from shipping and trade after the Civil War. True or False
False
Stockholders elected company officials and determined company policies. True or False
False
The Industrial Revolution changed the life of the average worker only moderately. True or False
False
convenience
P
extent of trade
P
variety and quantity of goods
P
Corporations secured large amounts of money needed to run large-scale productions. True or False
True
Corporations were formed when several businesses or businessmen joined to form one large organization. True or False
True
Farm work was healthier than factory work. True or False
True
It was difficult to get ahead in factory work. True or False
True
Stockholders shared in profits made by the corporation. True or False
True
Working hours on the farm were long. True or False
True
What is the act of being united? Nationalism Sectionalism Unification Variation
Unification
items of property an individual or business owns
assets
the merger of several businesses into one
corporation
one who invests money in a company or corporation
stockholder
