History Test Prep

Measures controlling the practices of corporations included:

the Clayton Antitrust Act the antitrust laws labor laws the Federal Trade Commission

Early American industry was given a boost by:

war the Embargo Act new production methods transportation and communication improvements new power sources

False

Communists agree with the free enterprise system.

True

Labor unions gave a voice against employer abuse to factory workers.

What were the factors that gave rise to Communism?

Poor working conditions and abuse to employees by their employers gave a rise to communism. While employees were working long hours they received little profit, but owners received the majority of the earnings even though they didn't do the heavy lifting. Communists wanted to fix this and fix it by force, but the government gradually fixed these problems by reforms.

Name two sources of power available to industry by the early 1900s.

The United States had coal and oil as available sources of power.

monopoly

The exclusive control of a product by a business is called a(n) of that product

businessmen

The main investors in the early industry of the United States were New England

Factors improving the lives of factory workers included:

labor unions labor improvement laws books by Dickens and Disraeli

collective bargaining

negotiations between labor and management

laissez-faire

opposed government intervention in private business

capitalism

private ownership and distribution of goods competitively in a free market