Exam 1 Flashcards
Define Trust.
An arrangement that gives a person or corporation the legal power to manage another person’s money or another company.
Define Corperation.
A legal entity that separates the ownership of an enterprise from the management of its operations and affords shareholders the protection of limited liability.
Define Holding Company.
A company that owns a majority of the stock in other companies but produces nothing itself.
Identify the ways that the government helped to stimulate the economy during the Civil War and the years that followed.
Republican economic policies passed during the Civil War helped create a unified national market and protect American industries from foreign competition.
Identify the examples of laissez-faire economic doctrine and its effects during the late nineteenth century.
The federal government’s lack of oversight for the working conditions for wage earners. Some politicians’ willingness to stay out of businesses in exchange for campaign contributions.
To the degree that a partnership existed between Big Business and the federal government following the end of the Civil War, all regions of the nation were universally supportive of such a partnership and the government policies that developed because of it.
False
What late-nineteenth-century development led to a growing class-consciousness in the United States?
The growing gap between the rich and the poor.
Which of the following statements accurately describe the opportunities available to women because of the changes wrought by the industrial revolution that came after the Civil War?
Women had more opportunities outside the home to pursue their own successes and interests. More women were allowed to attend and graduate college. Inventions of the time created tens of thousands of new job opportunities for women to work as secretaries or clerks, or in other office-related jobs.
J Pierpont Morgan
Railroads, corporate mergers, steel industries
Andrew Carnegie
Steel Industry
John D Rockefeller
Oil Industry
Identify the impacts of the innovations of the second half of the nineteenth century.
Sewing machine (allowed mass production of clothing), Electric Motors (Allowed factory owners to locate factories wherever they wished), Railroads (The first truly big business served as a catalyst for the transition to an urban industrial economy)
Place in chronological order the following events that contributed to the organized labor movement in the late nineteenth century.
- The Knights of Labor emerge.
- The Haymarket riot erupts
- The American Federation of Labor forms.
- The American Railway Union organizes the Pullman Strike.
The Knights of Labor included an unprecedented proposal within its platform that called for equal pay for equal work done by men and women.
True
What were the conditions and consequences of child labor during the early twentieth century?
Some children worked in extremely dangerous conditions such as factories, mills, and mines. Child laborers suffered high rates of injury and respiratory diseases.
