Ch.16 Flashcards
(25 cards)
One of Andrew Carnegie’s key attributes as a great entrepreneur was his:
At the time of his death, this great American inventor held 1,328 patents, including one for the gramophone, a recording device:
Thomas Edison
Which of the following statements best describes the Homestead Strike of 1892?
All the following factors fueled the nation’s industrial growth EXCEPT:
a rise in the nation’s federal income tax base which provided the government with the financial means to subsided new industrial developments.
One way in which John D. Rockefeller built his great oil empire was by:
obtaining secret rebates from railroads to undercut his competitors.
Which of the following statements best describes the American Federation of Labor?
What role did the Bessemer process play in American industrialization?
Carnegie saw great promise in this revolutionary new steel-making process which could be easily adapted in the U.S. which was well-supplied with the raw material needed for the mass production of steel.
Which of the following best describes the term “Bonanza” farms?
The term refers to corporate-owned farm operations that follow large-scale industrial models of operation, mainly growing wheat and corn for domestic and foreign markets.
Which of the following statements best describes the central theme of Andrew Carnegie’s now-famous Gospel of Wealth?
wealthy individuals are the stewards of wealth and should use their wealth to support socially enriching institutions and good works to help people help themselves.
Which of the following statements best describes the Great Railroad Strike of 1877?
This railroad strike, which began in Martinsburg, West Virginia, and quickly spread across the nation, extending to San Francisco, was the first significant clash between labor and capital.
As a result of the Haymarket Riot, membership in the Knights of Labor declined quickly because:
the American public associated unions with violence and foreign radicalism.
Which of the following statements best describes changes in America’s industrial capacity by the end of the 19th century?
exceeded the combined manufacturing output of Great Britain, France, and Germany.
The United States government facilitated industrialization and the rise of big business during the late 19th-century in all the following ways EXCEPT:
Which of the following best describes the Knights of Labor?
An important factor that made possible the building of the Transcontinental Railroad included:
The federal government provided incentives through the Pacific Railroad Act.
Proponents of the classical economic theory of laissez-faire believed that:
the government should not interfere in the workings of the national economy.
In the wake of the violent, anti-Chinese race riot, known as the Sand-Lot Incident, this labor leader organized the Workingmen’s Party as a platform to lead a crusade against Chinese immigration, setting the stage for the passage of federal legislation prohibiting Chinese immigration to the U.S. for ten years.
Denis Kearney
A business enterprise that owns all aspects of production, from raw materials to the finished product, is following what type of business model?
vertical integration
For industrial workers in Gilded Age America:
An important late nineteenth-century American financier was:
J.P. Morgan
This strike led to the downfall of the American Railway Union and the arrest of its president, Eugene Debs.
The Pullman Strike
Gustavus Swift was a pioneer in the _____________ industry.
meat-packing
This strike led to the downfall of the American Railway Union and the arrest of its president, Eugene Debs.
The Pullman Strike
In May 1869 the transcontinental railroad was finally completed when the two rail lines met at ________________.
Promontory, Utah.
