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Which of the following helped fuel economic growth by encouraging people to buy American goods? |
Protective tariffs |
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Steel changed people’s lives by making possible the |
Construction of skyscrapers |
|
A cartel differs from a monopoly in that |
Businesses making the same product agree to limit production |
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Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of |
Increasing profits |
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Capitalism fueled industrialization by |
Encouraging entrepreneurs to establish businesses |
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Which innovation extended the number of hours in a day that Americans could work and play? |
Electricity |
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Which industry most spurred economic growth and innovation in related industries? |
Railroads |
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As farms became mechanized |
Farmers moved to urban areas |
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The Sherman Antitrust Act imposed limitations upon which group? |
large corporations |
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Corporations had the important advantage of |
Reducing the financial risk for individual investors |
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In the late 1800s, workers tolerated poor wages and working conditions because they |
could be replaced easily by other workers |
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Which labor leader began the American Federation of Labor? |
Samuel Gompers |
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What was one effect of the events in Haymarket Square? |
Americans turned away from racialism |
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How did the federal government support employers during times of labor unrest? |
Denied unions recognition as legally protected groups |
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Which labor organization was founded first? |
Knights of Labor |
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In the late 1800’s, industrial workers |
Faced low wages and long hours in unsafe working conditions |
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Which event resulted in the execution of four anarchists and the decline of the Knights of Labor? |
Haymarket Riot of 1886 |
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Which of the following limited membership to skilled craftspeople and focused on economic reforms? |
American Federation of Labor |
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In what field did significant technological innovation occur in late 1800s? |
all of the above (building, communications, transportation) |
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In which system does one company control the businesses that make up all phases of a product’s development? |
Vertical integration |
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Which argument supports the perception of big business leaders as "captains of industry"? |
Industrialists’ support for technology benefit benefited the nation |
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The ICC was formed to |
Oversee railroad operations |
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Horizontal integration differs from vertical integration in that it |
consolidates many firms involved in the same business into one giant company |
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The federal government formed the Interstate Commerce Commission to oversee |
railroad operations across the nation |
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a system for turning out large numbers of products quickly and inexpensively |
Mass production |
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A person who invests money in a business venture to make a profit |
Entreprenuer |
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Complete control of a product or service |
Monopoly |
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An oil tycoon who used horizontal integration to decrease costs and increase profits |
John D. Rockefeller |
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A business in which ownership is shared |
Corporation |
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A small, hot, dirty workhouse |
Sweatshop |
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The response to wage cuts at a Carnegie Steel plant in 1892 |
Homestead Strike |
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The inventor who wanted to develop affordable lighting for homes |
Thomas Edison |
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A labor union open to workers from any trade |
Knights of Labor |
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A steel tycoon who used vertical integration to increase profits |
Andrew Carnegie |
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