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1. became better educated

2. shrunk in size

3. refused to perform physical labor

4. refused to allow people to immigrate to America

During the late 1800 and early 1900’s the American work force

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“Prices and wages should be determined by the marketplace.” The author of this statement would most probably support

1. government ownership of utilities

2. minimum-wage laws

3. wage and price controls

4. laissez-faire capitalism

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“Wealth went as an outcome of the fittest and best rising to the top.” This quote would be supported by a person advocating (supporting)

1. partnerships

2. lobbying

3. Social Darwinism

4. rebates

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He wrote stories about young boys who by hard work and lucky breaks, rose from rags to riches.

1. Andrew Carnegie

2. Horatio Alger

3. John D. Rockefeller

4. J.P. Morgan

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All of the following helped expand our transportation system in the late 1800’s EXCEPT

1. Canals

2. Railroads

3. Highways

4. Air travel

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At the turn of the century (early 1900’s) , why did most immigrants to the United States settle in cities?

2. Government relief programs required immigrants to settle in cities

1. Jobs were readily available

3. Labor Union leaders encourages unrestricted immigration

4. Immigrants were not allowed to purchase farmland

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After the Civil War, one way business leaders tried to eliminate competition was by

1. forming monopolies or trusts

2. developing overseas markets

3. increasing the prices of their products

4. paying high wages to their workers

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Which statement about immigration to the United States during the 19th century is most valid?

1. Organized labor supported unlimited immigration

2. Most immigrants to the United States were illegal aliens

3. Industrial growth led to a demand for cheap immigrant labor.

4. Few immigrants came from Western Europe

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During the latter half of the 19th century, many business organizations in the United States

combined into large corporations because

1. income levels for workers would be improved

2. government intervention in economic affairs would decline

3. efficiency in production methods could be increased

4. economic possibilities outside the United States could be explored

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A negative effect of holding companies, mergers, and pools on the United States during the late 19th century was that these combinations

2. reduced the need for labor unions

1. encouraged the Federal Government to spend more than its income

3 . decreased competition between businesses

4 . ended United states participation in inter-national trade

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Which term best describes United States economic policy during the era of the rise of big business (1865-1900)?

1. laissez-faire capitalism

2. mercantilism

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3. Marxism

4. welfare-state capitalism

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

1. high worker morale resulting from good wages and working conditions

2. availability of investment capital

3. establishment of western reservations for Native American Indians

4. decline in the number of people attending schools

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4. The percentage of Americans living in urban areas increased.

From 1865 to 1900, how did the growth of industry affect American society?

1. The United States experienced the disappearance of the traditional family farm

2. Population centers shifted from the Northeast to the South

3. Restrictions on immigration created a more homogeneous culture.

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4. encourage charitable organizations to help the poor

Many wealthy American industrialists of the late 19th century used the theory of Social Darwinism to

1. support the labor union movement

2. justify monopolistic actions

3. promote legislation establishing a minimum wage

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4. attempted to undermine the United States economic

system

The Rockefeller foundation, Carnegie Hall, and the Morgan Library illustrate various ways the entrepreneurs and their decedents have

1. suppressed the growth of labor unions

2. supported philanthropic activities to benefit society

3. applied scientific discoveries to industry

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4. Local – National - International

Which expansion of the U.S. markets is listed in the correct order?

1. International – Local - National

2. National – Local - International

3. International – National - Local

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4. transatlantic cable

All of the following communication devices enabled American industry to grow in the early 20th century EXCEPT the

1. telegraph

2. radio

3. telephone

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4. Division of Labor

All of the following are needed for Mass Production to occur EXCEPT

1. Standardization of Parts

2. Labor Savings Machinery

3. Skilled Craftsmen

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4. each product is hand made

One of the greatest advantages to mass production is that

1. the cost of the product becomes more affordable

2. workers become highly motivated

3. no two products are the same

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4. Henry Ford

Which of the following men was not considered a Captain of Industry?

1. John D. Rockefeller

2. Adam Smith

3. Andrew Carnegie

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4. Henry Ford

Which of the following men was not considered a Robber Baron?

1. John D. Rockefeller

2. Adam Smith

3. Andrew Carnegie

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4. Are all legal today

What do pools, trusts, and mergers have in common?

1. They were all created by such men as Horatio Alger

2. All were openly supported by the federal government

3. They are all forms of monopolies

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4. They are all different forms of businesses

What do sole proprietorships, partnerships, and corporations have in common?

1. They are all forms of monopolies

2. They are all difficult to create

3. They all expose owners to unlimited liability

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4. Bond

If you invent a new product, the federal government will give you a _______ to give you sole ownership of your creation

1. Copyright

2. Stock

3. Patent

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4. Pool

What can a Corporation issue to raise money?

1. Copyright

2. Stock

3. Patent

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4. Standard Oil

Which of the following companies was considered a monopoly?

1. Carnegie Steel

2. Morgan Bank

3. Ford Motor Company

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4. Andrew Carnegie

He owned Standard Oil?

1. JP Morgan

2. Henry Ford

3. John D. Rockefeller

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4. Andrew Carnegie

He made a fortune in the steel industry?

1. JP Morgan

2. Henry Ford

3. John D. Rockefeller

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4. Andrew Carnegie

He become famous for bringing the assembly line concept to industry?

1. JP Morgan

2. Henry Ford

3. John D. Rockefeller

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4. Sole Proprietorship

Which of he following IS NOT a form of monopoly?

1. Pool

2. Trust

3. Conglomerate

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