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 81900

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 13Monopoly Trust

Attempts 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 15UNION MEMBERSHIP, 1870 - 1920

Year Number 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?