Ch. 18 and 19

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Between 1865 and 1920, railroad companies contributed to the economic development of the U.S by...

providing the most efficient means of transportation over long distances

Many reformers who opposed the Laissez-faire attitude of the late 19th century argued that...

government should protect society through the regulation of business

During the late 1800's the defenders of Social darwinism would most likely have supported...

laissez-faire capitalism

which major economic development occurred during the late 1800's in the U.S?

creation of monopolistic trusts to control numerous industries

after the civil war, one way business leaders tried to eliminate competition was by...

forming monopolies or trusts

when the interstate commerce act was passed in 1887, it marked the first time that

a federal regulatory agency was established

the rockefeller foundation, carnegie hall, and the morgan library illustrate various ways that entrepreneurs and their descendants have...

supported philanthropic activities to benefit society.

prior to 1890, U.S businesses made few foreign investments mainly because...

investment opportunities were better in the U.S

Which situation brought about the rapid growth of industry bewtween 1865 and 1900?

availability of investment capital

in the U.S during the late 1800's the corporate form of business organization became increasingly important mainly because..

corporations could generate large amounts of capital with limited liability for investors

Many wealthy american industrialist of the late 19th century used the theory of social darwinism to...

justify monopolistic actions

during the 19th century, new york was one of the most powerful states in the nation because it

became the financial and industrial center of the nation

which factor most limited the growth of labor unions during the late 1800's?

most employers were very hostile toward worker's efforts to organize

industrialist of the late 1800s contributed most to economic growth by

establishing large corporations

one reason john D. rockefeller, andrw carnegie, and J. pierpont morgan were sometimes called robber barons was because..

used ruthless business tactics against their competitors

in the late 19th century, anti immigration feelings devloped in the U.S primarily because

immigrants competed with native born americans for jobs

in the period from 1865 to 1900 the U.S government aided the development of the west by..

granting land to railroad companies

"(Accumulating) immense profits is only and indicator. Profits indicate how well the most intelligent and capable people are able to survive in our society. Ultimately people who possess none of these clever qualities are weeded out."
Which philosophy of the Gilded age is illustrated in the quotation?

social dawinism

As the U.S became industrialized, an important effect of mechanization and the division of labor was that..

smaller industries had difficulty maintaining their competitiveness.

The corporation became a popular form of business organization after the civil war because corporatioons

offer advantages in raising capital and provide legal protection for owners.

The major reason the U.S placed few restrictions on immigration during the 1800's was that..

the growing economy needed a steady supply of cheap labor

during the late 1800's the theories of social darwinism were often used to justify the efforts of..

big business to destroy its competitors

The term "robber barons" was used during the Gilded Age to characterize

leaders of big business

one advantage of a corporation over an individually owned business is that the corporation has..

easier access to investment capital

one factor that furthered industrialization in the U.S between 1865 and 1900 was the..

expansion of the railroads

Industrialist of the late 1800's used pools and trust to

increase profits by minimizing competition

during the latter half of the 19th century, many business organizations in the U.S combined not large corporations because..

efficiency in production methods could be increased

"...this, then is held to be the duty of the man of wealth' first, to set an example of modest unostentatious living, shunning display or extravagance' to provide moderately for the legitimate wants of those dependent upon him and after doing so to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer and strictly bout as a matter of duty to administer in the manner which in his judgement, is best calculated to produce the most beneficial results for the community.."
According to the reading passage, what is the responsibility of the wealthy?

to share their excess wealth with the community

Businesses formed trusts, pools, and holding companies mainly to...

increase profits by eliminating competition

mark twain labeled the late 1800s in the U.S the "Gilded Age" to describe the

extremes of wealth and pverty

which statement identifies a characteristic of a free enterprise economic system?

investments and profits are controlled by individuals.

Druing the late 1800's business leaders formed trusts mainly to

eliminate competition

the 19th century philosophy of social darwinism maintained that

economic success comes to those who are the hardest working and the most competent

in the period from 1860 to 1900 the federal government encouraged the settlement of the west by

granting tracts of land to railroad companies ot encourage construction

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