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19 Cards in this Set

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