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