History Quiz 4 -Spring

Created by Carrollton 

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Supporters of laissez-faire generally oppose subsidies and favor

Free trade

By the early 1900's Americans had transformed the United States into the world's leading

Industrial nation

who invented the telephone, which revolutionized both businesses and personal communication?

Alexander Graham Bell

What were equally as important as natural resources in the nation's rapid industrialization?

Human resources

The first leader of the American Federation of Labor, Samuel Gompers, believed that unions should stay out of

Politics

Workers who tried to organize a union or strike were often fired and placed on a list of troublemakers called the

Blacklist

Who claimed that after a worker's revolution, the government would seize all private property and create a socialist society where wealth was evenly divided?

The Marxists

What incident occurred in 1886 that badly hurt the Knights of Labor's reputation?

Haymarket Riot

Even before the invention of the automobile petroleum was in high demand because it could

Be turned into kerosene

During the early days of industrialization, many members of Congress believed that tariffs were necessary to

Help new American industries compete with large established European factories

Used information he received as a railroad owner to manipulate stock prices for gain

Cornelius Vanderbilt

Practiced insider trading with Jim Fisk

Jay Gould

Built a banking empire by buying up the competition through consolidation

John D. Rockefeller

Believed that the basic force corrupting capitalism is the struggle between owners and workers

Karl Marx

Poor immigrant who became a steel tycoon

Andrew Carnegie

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