Gilded Age Test Review. ___________________________ Private ownership of business Some government...

ON LEVEL REVIEWGilded Age Test Review

QUESTION 1

___________________________ Private ownership of business Some government regulation Competition among producers

What would be the most appropriate title for this group of items?

QUESTION 2

What business model is illustrated in the diagram?

_________________ did this with his oil refineries.

QUESTION 3

Why was the industrialization of America successful?

QUESTION 4

CORPORATION HOLDING COMPANY A company owned by

share holders and investors and DOES produce a product.

Does not produce anything itself. Instead, it owns the stock of companies that do produce goods.

What is the difference between these two definitions?

QUESTION 5

What topic that we have discussed this six weeks would make the best title for this box?

·Trusts

·Corporations

·Vertical integrations

·Land-labor capital

QUESTION 6

By the 1880s, the Standard Oil Company, under the direction of John D. Rockefeller and his associates, had gained control of more than 90 percent of the oil refining business in the United States. What did this allow to happen?

Excellent oil refining Control over a business and its prices

QUESTION 7

What did the larger number of immigrants provide for the growth of industry in America?

QUESTION 8

1900

Library of Congress

Do you see technology? How did technology help the people in these pictures?

QUESTION 9

Monopoly – when a single company achieves control of an _______ market.

Was the government involved in the “Big Business” era?

QUESTION 10

Free Enterprise System

Private property Competition keeps

prices low Profit motive

encourages production

?

What completes the blank?

Hint: Look up the definition of “Free Enterprise System.”

QUESTION 11

Strikes before 1900 Who did the government support? Workers? Company?

QUESTION 12

In an effort to increase profits what did the Ace Meat Industries Company do?

What is this process called?

QUESTION 13

Monopoly TrustAttempts to

_____________

What completes the blank?

Hint: What do monopolies want to do to the competition?

QUESTION 14

How can businesses/corporation raise funds for research and development of new products?

QUESTION 15

UNION MEMBERSHIP, 1870 - 1920

YearNumber of Workers

(excluding agriculture)

Average Annual Union

Members

Union Members as total of Workers (excluding

agriculture)

1870 6,075,000 300,000 4.9%

1880 8,807,000 200,000 2.3%

1890 13,380,000 372,000 2.7%

1900 18,161,000 868,000 4.8%

1910 25,779,000 2,140,000 8.3%

1920 30,985,000 5,048,000 16.3%

Why would workers join a labor union? What did it give them?

QUESTION 16

What can you infer about life in the tenements from Jacob Riis’ photography?

QUESTION 17

What social issue of the Gilded Age is depicted in this picture?

Why did this happen?

QUESTION 18

Why did people want to move to the cities?

QUESTION 19

Why did businesses use trusts?

Hint: Define Trust

QUESTION 20

Which one of the following demonstrates a policy of laissez-faire?

QUESTION 21

What was the purpose of the Chinese Exclusion Act?

QUESTION 22

Summarize this statement. What is the main

idea?

This then, is held to be the duty of the man of wealth: To set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent on him; and, after doing so, to consider all surplus revenue…as trust funds…becoming the mere trustee and agent for his poorer brethren…

—The Gospel of Wealth, Andrew Carnegie, 1889

QUESTION 23

____________ Night classes about

American History Community center

program on democracy in America

Teaching English in public school

Create a title for this list.

QUESTION 24

What did the invention of the light bulb do to factories?

QUESTION 25

Why did people move from the rural areas to urban areas?

QUESTION 26

Technology did what to the standard of living in America?

QUESTION 27

What did businesses rely on to regulate wages and prices?

QUESTION 28

In 1900 where did most of the immigrants to America come from?

QUESTION 29

Who was William Tweed?

QUESTION 30

What helped immigrants adjust to America?

QUESTION 31

What did Nativists what to do with the immigrants? How did they want

them grouped?

QUESTION 32

How did political machines help the immigrants?

How did the immigrants pay them back for their help?

QUESTION 33

Invented the telephone

Revolutionized communication For Business Use For Personal Use

QUESTION 34

What incident happened in 1886 that badly hurt the Knights of Labor Union?

QUESTION 35

Why was the American Federation of Labor so successful?