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19 Cards in this Set
- Front
- Back
Which of the following would be considered an opinion?
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All business leaders at that time should be viewed as robber barons
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In the years immediately following the Civil War, which change was brought about by the Industrial Revolution?
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More machinery was used to make goods
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What was an immediate economic result off the use of mass-production techniques in American factories?
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Reduced cost of goods
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Most people purchase shares of stock in a corporation in order to
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share in corporate profits
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The most likely reason that steel mils were built in Gary, Indiana is because the city was located
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on a lake shipping route
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Which statement best describes the United States economic history during the period between 1865 to 1900
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Industrialization increased at a rapid rate
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Which statement best describes a major economic trend in the United States during the period 1865-1900?
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Many business practices were developed to eliminate competition
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Between 1965 and 1900, a major issue in the United States was
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the rise of big business
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To establish Standard Oil Company as a monopoly, John D Rockefeller
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lowered oil prices to force competitors out of business and bought out the competition
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Which of the following would be considered a primary source
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a diary of an employee during the Haymarket Riot
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A corporation
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is a company with many investors who buy stocks
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A person who believes that the government should not interfere with business or the economy is known as
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a capitalist
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The Kings of Labor began to decline after the Haymarket Affair Riots because
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authorities and some of the public blamed them for the violence
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Which of the following is NOT one of the causes for the Industrial Revolution
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New government regulations
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Places were workers labored (worked) for long hours, poor wages, and under poor working conditions are known as
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Sweatshops
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Groups that negotiated with business owners for better working conditions and wages
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Unions
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Which of the following was NOT a tactic used by unions
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asked for help from foreign nations
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The leader for the American Federation of Labor union was
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Samuel Gompers
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Which inventor is correctly paired with his invention
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Thomas Edison - light bult
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