US History - Populism Quiz #2

Business formed trusts, pools, and holding companies mainly to

increase profits by eliminating competition

Many wealthy American industrialists of the late 19th century used the theory of Social Darwinism to

justify monopolistic actions

the major reason the United states placed few restrictions on immigration during the 1800s was that

the growing economy needed cheap labor

the standard oil comiany

was a harmful monopoly

philosophy of social darwinism

"According to human nature, the most talented people will always come out on top"

why did the US follow a policy of unrestricted immigration for Europeans during the 1800s?

American economy needed many unskilled workers

industrialists of the 19th century

benefited and harmed society

according to the theory of laissez faire, the economy functions best when the government

does not interfere in business

the 19th-century philosophy of social darwinism maintained that

economic success comes to those who are the hardest working and most competent

popular 19th century business practice

forming cooperatives