APUSH Chapter 24 reading quiz

divide business in a particular area and share profits.

Early railroad owners formed "pools" in order to a. increase competition by establishing more companies. b. water their stock. c. divide business in a particular area and share profits. d. choose the best workers. e. avoid wasteful competition

showing mercy to his competitors

John D. Rockefeller used all of the following tactics to achieve success in the oil industry /except/ a. employing spies b. extorting rebates from railroads c. showing mercy to his competitors d. pursuing a policy of rule or ruin e. using high-pressure sales methods

salvation, since the jobs and wages were steady

Many Southerners saw employment in the textile mills as a. high-wage positions b. unacceptable c. a poor alternative to farming d. institutions that broke families e. salvation, since the jobs and wages were steady

a-3 b-2 c-1

Match each entrepreneur below with the form of business combination with which he is historically identified. A. Andrew Carnegie B. John D. Rockefeller C. J. Pierpont Morgan 1. interlocking directorate 2. trust 3. vertical integration 4. pool

a-4 b-2 c-1

Match each railroad company below with the correct entrepreneur. A. James J. Hill B. Cornelius Vanderbilt C. Leland Stanford 1. Central Pacific 2. New York Central 3. Atchison, Topeka, and Santa Fe 4. Great Northern

elimination of as much competition as possible

One of the methods by which post-Civil War business leaders increased their profits was a. increased competition b. support for the idea of a centrally planned economy c. funding research on new technologies d. elimination of the tactic of vertical integration e. elimination of as much competition as possible

labor would own and operate businesses and industries

The Knights of Labor believed that conflict between capital and labor would disappear when a. the government owned the means of production b. labor controlled the government c. workers accepted the concept of craft unions d. business would understand the principles of social justice e. labor would own and operate businesses and industries

interstate commerce act

The first federal regulatory agency designed to protect the public interest from business combinations was the

Henry Bessemer.

The steel industry owed much to the inventive genius of a. Jay Gould. b. Henry Bessemer. c. John P. Altgeld. d. Thomas Edison. e. Henry Clay Frick.

an independent and athletic "new woman."

What did the image of the "Gibson Girl" represent?

United States steel

What was america's first billion dollar corporation?

an eight-hour day for government workers

in its efforts on behalf of workers, the national labor union won a. an eight-hour day for all workers b. government arbitration for industrial disputes c. equal pay for women d. an eight-hour day for government workers e. the right to collective barganing

textile

in the late nineteenth century, tax benefits and cheap, nonunion labor attracted _____________________ manufacturing to the south

fourteenth

the ________________ amendment was especially helpful to giant corporations when defending themselves against regulation by state govenrments

the railroad industry

the greatest single factor helping to spur the amazing industrialization of the post-civil war years was a. agriculture b. mining c. the steel industry d. electric power e. the railroad industry

by strengthening the economic and political independence of workers

the knights of labor believed that republican tradions and institutions could be preserved from corrupt monopolits a. when republicans were removed from office b. by strengthening the economic and political independence of workers c. through the destruction of the American federation of labor d. by the development of strong craft unions

labor unions

the sherman anti-trust act was at first primarily used to curb the power of a. manufacturing companies b. labor unions c. state legislatures d. railroad corporations e. banking syndicates

increasing industrialization and economic consolidation

what changes led to the inequality carnegie described during the late 19th century a. increasing prices for food and goods b. increasing industrialization and economic consolidation c. emergence of a welfare state that encouraged laziness d. a widespread lack of education

benefactors should use their wealth to create greater economic opportunity

what did the "gospel of wealth" suggest as an answer to the inequality carnegie observed? a. poor people must pray for greater wealth and success b. religious revivals must occur in order to end sin and create wealth c. wealthy individuals must serve as role models and give lectures to the poor d. benefactors should use their wealth to create greater economic opportunity

kerosine

what was the first major product of the oil industry?

the Great Northern

what was the only transcontinental railroad built without government aid?