industry test
which of the following individuals most commonly utilized the economic tactic of vertical integration
Andrew Carnegie
which of the following scenarios best exemplifies the gospel of wealth
Andrew Carnegie using his personal funds to build libraries throughout the united states
the knights of labor can be described as
a labor union which supported both skilled unskilled and African American workers
a basic economic goal of labor unions of the late 19th century was to achieve
a shorter work day and higher wages
which of the following best describes the economic and social theory outlined by Horacio Alger in the late 1800s
achieve wealth and success through hard work and strong moral values
what did the gospel of wealth suggest as an answer to the inequality Carnegie observed
business owners should give back to the country in ways that help the common citizen
each of the following factors contributed to the rise of labor unions except
employer provided health and unemployment insurance
one major factor that helped increase industrialization after the civil war was the
expansion of the railroads
which of the following best describes why children were often sent work in factories
families needed the income to survive
employers used all of the following techniques to end/prevent strikes except
federal and state troops
the American federation of labor became one of the first long lasting successful labor unions in the united states mainly because it
fought for the rights of skilled workers and for higher wages
each of the following led to the American industrial boom of the late 1800s except
growing strength and expansion of the united states military
which of the following statements best describes jp morgan
he was born into a wealthy family and made his fortune banking
in the late 1800s standard oil controlled the oil market in America by purchasing all competing oil business and refineries which of the following economic theories best describe this action taken by standard oil
horizontal integration
what changes led to the inequality Carnegie described during the late 19th century
increasing industrialization and economic consolidation
which of the following individuals most commonly utilized the economic tactic of horizontal integration
john Rockefeller
the thriving industrial climate of the late 1800s which was characterized by enormous profits and little government regulation was made possible by which of the following
laissez-faire economics
each of the following exemplifies and advantage of big business except
large corporations often drive small business out of the economy
which of the following inventions was developed by Thomas Edison
light bulb
collective bargaining mediation and arbitration are best described as
methods used to resolve labor management disputes
the main goal of the Sherman anti trust act was to
promote fair industrial competition
which of the following best describes the cause of the great strike
railway workers angered by wage cuts
Critics of powerful industrialists of business owners would most likely refer to them as
robber barons
in the 19th century john d Rockefeller was most associated with the company named
standard oil
generally which of the following locations was considered the worst working conditions during the age of industry
sweatshops
which of the following was most responsible for the expansion of American industry in the mid to late 1800s
technological and manufacturing advances
in the late 1800s the great strike and the pullman strike were unsuccessful because
the government supported business owners and management
which of the following was the greatest contributor to the rise of the corporate form of business during the late 1800s
the interstate commerce act required all new business to adopt the corporate structure
which of the following best describes how industrialization affected the status of women during the age of industry
the invention of telephones and sewing machines gave women additional job opportunities
which of the following statements best exemplifies the theory of social Darwinism
the strongest companies with the best management will drive other companies out of business
what do the events in the list have in common
they are all factors contributing to the rise of industrialization
which of following best describes the governments response to the Pullman strike
using federal troops to end the strike
ford motor company buys a metal stamping plant a windshield factory an airbag factory and a tire factory they now own most of the steps involved in building trucks this is an example of
vertical integration
in the late 1800s Carnegie steel focused on acquiring all of the businesses and factors that contributed to their final product steel this included iron ore mines railroads and smelting plants in this scenario what kind of economic tactic was utilized by Carnegie steel
vertical integration
how did the age of industry affect the distribution of wealth in the united states
wealth was concentrated in the hands of few dominate business owners