U.S. History Chapter 13

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Which of the following helped fuel economic growth by encouraging people to buy American goods?

Protective tariffs

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

Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of

Increasing profits

Capitalism fueled industrialization by

Encouraging entrepreneurs to establish businesses

Which innovation extended the number of hours in a day that Americans could work and play?

Electricity

Which industry most spurred economic growth and innovation in related industries?

Railroads

As farms became mechanized

Farmers moved to urban areas

The Sherman Antitrust Act imposed limitations upon which group?

large corporations

Corporations had the important advantage of

Reducing the financial risk for individual investors

In the late 1800s, workers tolerated poor wages and working conditions because they

could be replaced easily by other workers

Which labor leader began the American Federation of Labor?

Samuel Gompers

What was one effect of the events in Haymarket Square?

Americans turned away from racialism

How did the federal government support employers during times of labor unrest?

Denied unions recognition as legally protected groups

Which labor organization was founded first?

Knights of Labor

In the late 1800’s, industrial workers

Faced low wages and long hours in unsafe working conditions

Which event resulted in the execution of four anarchists and the decline of the Knights of Labor?

Haymarket Riot of 1886

Which of the following limited membership to skilled craftspeople and focused on economic reforms?

American Federation of Labor

In what field did significant technological innovation occur in late 1800s?

all of the above (building, communications, transportation)

In which system does one company control the businesses that make up all phases of a product’s development?

Vertical integration

Which argument supports the perception of big business leaders as "captains of industry"?

Industrialists’ support for technology benefit benefited the nation

The ICC was formed to

Oversee railroad operations

Horizontal integration differs from vertical integration in that it

consolidates many firms involved in the same business into one giant company

The federal government formed the Interstate Commerce Commission to oversee

railroad operations across the nation

a system for turning out large numbers of products quickly and inexpensively

Mass production

A person who invests money in a business venture to make a profit

Entreprenuer

Complete control of a product or service

Monopoly

An oil tycoon who used horizontal integration to decrease costs and increase profits

John D. Rockefeller

A business in which ownership is shared

Corporation

A small, hot, dirty workhouse

Sweatshop

The response to wage cuts at a Carnegie Steel plant in 1892

Homestead Strike

The inventor who wanted to develop affordable lighting for homes

Thomas Edison

A labor union open to workers from any trade

Knights of Labor

A steel tycoon who used vertical integration to increase profits

Andrew Carnegie

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