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Flashcards in Unit 7 - Test Deck (33):
0

What does Laissez-Faire Capitalism mean?
A. Taxing businesses so the government can collect more taxes
B. Allows competition to control the market
C. To place tariffs on competing products from overseas a

B. Allows competition to control the market

1

What is individualism?
A. When you work to improve your communities status
B. When you are stuck in the social Class that you are born into
C. When you improve your social status through hard work

C. When you improve your social status through hard work

2

Which would a critic of capitalism say?
A. Capitalism is harmful to big business
B. Big business provides many jobs for the unfit
C. Workers are being mistreated in the free market

C. Workers are being mistreated in the free market

3

What is NOT true about communism?
A. It breeds competition among workers
B. Forces one social class
C. No private property ownership

A. It breeds competition among workers

4

Which is NOT and advantage of corporations?
A. Corporations are stable
B. Stockholders are not responsible for the corporations debt
C. Stockholders have control of where the corporation invests its money

C. Stockholders have control of where the corporation invests its money

5

Why don't social Darwinists encourage the helping of the poor?
A. They believe in "survival of the fittest"
B. The poor are unappreciative of the assistance
C. There was legislation to prevent the helping of the poor

A. They believe in "survival of the fittest"

6

Why were corporations used for the steel, oil, and railroad industries?
A. They were too large
B. Allowed companies to raise more funds
C. Easier to manage
D. All of the above

D. All of the above

7

Who monopolized the steel industry?
A. Bell
B. Pullman
C. Carnegie

C. Carnegie

8

Which riot occurred where a bomb exploded injuring over sixty people and killing several people?
A. Pullman strike
B. Haymarket riot
C. The Great riot

B. The Haymarket riot

9

Why do most strikes fail?
A. Small funding
B. The federal government intervenes
C. Not enough people - low numbers

B. The federal government. Intervenes

10

Who monopolized the oil industry?
A. Bell
B. Rockefeller
C. Carnegie

B. Rockefeller

11

Who created the telephone?
A. Westinghouse
B. Pullman
C. Bell

C. Bell

12

Who created their-compressed break?
A. Westinghouse
B. Pullman
C. Bell

A. Westinghouse

13

Wh capitalized on the luxurious railcar?
A. Westinghouse
B. Pullman
C. Bell

B. Pullman

14

What does Gilded Age mean?
A. An alliance between large corporations
B. Time period when the American economy looked Golden on the outside but was bad on the inside
C. A description of the industrial revolution when the monopolies were ended

B. Time period when the American economy looked Golden from the outside but was bad on the inside

15

What was the process that created cheaper steel?
A. Messer Process
B. Bosch process
C. Bessemer process

C. Bessemer Process

16

What were the Wright brothers famous for?
A. First horseless carriage
B. First in flight
C. First lightbulb

B. First in flight

17

What is the purpose of a trust?
A. To protect your company
B. To establish trust among monopolies
C. To establish continuous competition in the industries
D. Both A and B

D. Both A and B

18

What was the transcontinental railroad?
A. First railroad to connect west coast to the east coast
B. First railroad to connect continental US to Alaska
C. A railroad controlled by Westinghouse

A. First railroad to connect the west coast to the east coast

19

What was true about the Sherman Anti-trust act?
A. Outlawed all trusts & monopolies that restrained trade
B. Prevented labor unions from forming
C. Encouraged trusts and ensured their protection

A. Outlawed all trusts & monopolies that restrained trade

20

Which is Not true about Thomas Alva Edison?
A. He is one of the highest regarded inventors in history
B. He has over 1000 patents
C. He created all his inventions without any assistance

C. He created all his invention saw without any assistance

21

Which is not true about the Knights of Labor?
A. Led by Samuel Morse
B. Recruited people from ALL BACKGROUNDS
C. Had 700,000 members at its largest

A. Led by Samuel Morse

22

What product is responsible for the industrial revolution?
A. Oil
B. Steel
C. Railroads

B. Steel

23

What is the method of creating a monopoly through buying out competition?
A. Invisible integration
B. Diagonal integration
C. Horizontal integration

C. Horizontal integration

24

What is the method of creating a monopoly through owning all means do production?
A. Invisible integration
B. Vertical integration
C. Horizontal integration

B. Vertical integration

25

Which is Thomas Alva Edison known for inventing?
A. The Bosch process
B. The telegraph
C. The power plant

C. The power plant

26

Which one best describes Social Darwinism?
A. The "Fittest" will gain wealth and power
B. All human are created equally
C. The community should take are of everyone

A. The "Fittest" will gain wealth and power

27

Who monopolized the railroads?
A. Westinghouse
B. Pullman
C. Vanderbilt

C. Vanderbilt

28

Which is a example of a new mass marketing technique?
A. Fancy packaging
B. Brand names
C. Advertising
D. All of the above

D. All of the above

29

Why did many African American people move to the northern cities?
A. More jobs
B. More opportunities
C. Less discrimination
D. All of the above

D. All of the above

30

What is a example of something a union would demand during the industrial revolution?
A. 8 hour work days
B. Health care coverage
C. Pensions

A. 8 hour work days

31

What is a company town?

When a company owns all the living quarters and the businesses in the town

32

What is the Great upheaval?
A. A series of strikes and violence concerning labor disputes
B. When the depression set in and many lost there jobs
C. A series of towns that were created around industries

A. A series do strikes and violence concerning labor disputes