Chapter 17
In the late 19 century, The needs of the American steel industry directly contributed to the further development out of all the following except
Automobile industry
False
By 1900, factory work in the United States required ever increasing levels of skill
False
Henry ford built the first gasoline driven Motor vehicle in America
The business structure of Standard oil was a good example of
Horizontal integration
Which of the following is true regarding work conditions in American factories in 1900
Laboreres could expect to work at least 60 hours per week
In the late 19th century, due to the growth of industrial capitalism, American workers
Saw a rise in their standard of living, experienced a loss in control over their own work, we're forced to contend with arduous and dangerous working conditions. All these answers are correct
In the late nineteenth century, industry in the United States
Saw the federal government eager to assist in its growth
False
Social Darwinism was designed to eliminate competition in the market place
According to the ideas expressed by Andrew Carnegie in the Gospel of wealth
The rich had great responsibility is to society
In the late 19th century, Social Darwinists argued that people who failed economically did so because
They have poor individual character
Bessemer process
Blowing air through molten hot iron to burn out impurities and create a much stronger metal, steel
False
Most of the late nineteenth century business tycoons began their careers in poverty or lower class circumstances
Social Darwinism
Only the fittest individuals survived and flourished in the market place
Gospel of wealth
People of wealth should consider all revenues in excess of their own needs "trust funds" to be used for the good of the community
The social theory of social Darwinism
Promoted that idea that capitalism offered all people A chance for a great wealth
Horizontal integration
Purchase of companies at all levels of production
Vertical integration
Purchase of competing companies in the same industry
True
The american oil industry emerged in the late nineteenth century emerged largely in response
Orville and Wilbur Wrights first successful airplane flight in 1903
Took place near Kitty Hawk, North Carolina
The business structure of Carnegie Steel was a good example of
Vertical integration