AP Quiz Ch. 24

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33 terms

Two technological innovations that greatly expanded the industrial employment of women in the late nineteenth century were the

typewriter and the telephone

The greatest economic consequence of the transcontinental railroad network was that it

united the nation into a single, integrated national market

The steel industry owed much to the inventive genius of

Henry Bessemer

America's first billion-dollar corporation was

United States Steel

One of the most significant aspects of the Interstate Commerce Act was that it

represented the first large-scale attempt by the federal government to regulate business

The two industries that the transcontinental railroads most significantly expanded were

mining and agriculture

J.P. Morgan undermined competition by placing officers of his bank on the boards of supposedly independent companies that he wanted to control. This method was known as a(n)

interlocking dictorate

The Knights of Labor believed that republican traditions and institutions could be preserved from corrupt monopolies

by strengthening the economic and political independence of the workers

In the case of Wabash, St. Louis, and Pacific Railroad Company vs. Illinois, the U.S. Supreme Court held that state legislatures could not regulate railroads because

railroads were interstate businesses and could not be regulated by any single state

The national government helped to finance transcontinental railroad construction in the late nineteenth century by providing railroad corporations with

land grants and loans

Many southerners saw employment in the textile mills as

the only steady jobs and wages available

The first major product of the oil industry was

kerosene

Which of the following was not among the common forms of corruption practiced by wealthy railroad barons?

forcing their employees to buy railroad company stock

The vast, integrated, continental U.S. market greatly enhanced the American inclination toward

mass manufacturing of standardized industrial products

Believers in the doctrine of "survival of the fittest," like Herbert Spencer and William Graham Sumner, believed that

the wealthy deserved their riches because they had demonstrated greater abilities than the poor

One of the major reasons that the Knights of Labor failed was its

lack of class consciousness

The Sherman Anti-Trust Act prohibited

private corporations or organizations from engaging in "combinations in restraint of trade"

The organizational technique of vertical integration of all facets of an industry, from raw material to final product, within a single company was pioneered by

Andrew Carnegie with the steel industry

The United States changed to standard time zones when

the major rail line decreed common fixed times so that they could keep schedules and avoid wrecks

One of the methods by which post-Civil War business leaders increased their profits was

elimination of as much competition as possible

The ___ Amendment was especially helpful to giant corporations when defending themselves against regulation by state governments

seventeenth

The first federal regulatory agency designed to protect the public interest from business combinations was the

Interstate Commerce Commission

The group whose lives were most dramatically altered by the new industrial age was

women

The largest southern-based monopolistic corporation was the one founded by James Duke to produce

cigarettes

The people who found fault with the captains of industry mostly argued that these men

built their corporate wealth and power by exploiting workers

During the age of industrialization, the South

remained overwhelmingly rural and agricultural

Efforts to regulate the monopolizing practices of railroad corporations first came in the form of action by

state legislatures

The image of the "Gibson Girl" represented a(n)

romantic ideal of the independent and athletic new woman

Agreements between railroad corporations to divide the business in a given area and share the profits were called

pools

Most women workers of the 1890s worked for

economic necessity

The oil industry became a huge business

with the invention of the internal combustion engine

The greatest single factor helping to spur the amazing industrialization of the post-Civil War years was

the railroad network

The "Gospel of Wealth" endorsed by Andrew Carnegie

held that they wealthy should display moral responsibility in the use of their God-given money

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