Ch 24 Test 10.16.15

Question 1

After the Civil War, the plentiful supply of unskilled labor in the United States

Answer 1

helped to build the nation into an industrial giant

Question 2

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

Answer 2

elimination of as much competition as possible

Question 3

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

Answer 3

Land grants

Question 4

The only transcontinental railroad built without government aid was the

Answer 4

Great Northern

Question 5

The first federal regulatory agency designed to protect the public

Answer 5

Interstate Commerce Commission

Question 6

The form of business combination used by Andrew Carnegie was

Answer 6

Vertical Integration

Question 7

The form of business combination used by John D. Rockefeller were

Answer 7

Trusts

Question 8

The form of business combination used by J.P. Morgan was

Answer 8

Interlocking directorate

Question 9

One by-product of the development of railroads was

Answer 9

The movement of people to the cities

Question 10

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

Answer 10

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

Question 11

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

Answer 11

State legislatures

Question 12

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

Answer 12

The railroad network

Question 13

Early railroad owners formed “pools” in order to

Answer 13

avoid competition by dividing business in a particular area

Question 14

During the Gilded Age, most of the railroad barons

Answer 14

built their railroads with government assitance

Question 15

Which railroad company was founded by James J. Hill

Answer 15

Great Northern

Question 16

Which railroad company was founded by Cornelius Vanderbilt

Answer 16

New York Central

Question 17

Which railroad company was founded by Leland Stanford

Answer 17

Central Pacific

Question 18

When private railroad promoters asked the United States government for subsidies to build their railroads, they gave all of the following reasons for their request EXCEPT that it was

Answer 18

The railroads would repay the subsidies by paying higher taxes

Question 19

The United States changed from standard time zones when

Answer 19

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

Question 20

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

Answer 20

Pools

Question 21

To help corporations, the courts ingeniously interpreted the Fourteenth Amendment, which was designed to protect the rights of ex-slaves, so as to

Answer 21

Avoid corporate regulation by the states