Gilded Age (1877-1900)

Question 1

Gilded Age

Answer 1

To cover something cheap in gold. Shown by the rapid industrialization in the US. However, the government had zero hand in the economy, was corrupt and therefore could not prevent trusts and unsanitary working conditions

Question 2

Progressive era

Answer 2

Was meant to address the ills of the Gilded, aimed to fix corruption and give more power to the people through democracy and freedoms.

Question 3

Laissez Faire Capitalism

Answer 3

Gov. should stay out of private business affairs, as the have no power or say in how a company conducts itself

Question 4

Monopoly or Trust

Answer 4

Companies assign stock to a board of executives and combine the stocks to restrict others from taking part in an industry.

Question 5

Captain of industry

Answer 5

Leaders of industry who transformed the economy through their business and charity

Question 6

Robber Baron

Answer 6

Exploited workers, had horrible conditions, unfair labor and wages

Question 7

Andrew Carnegie

Answer 7

Steel industry, used bessemer (turn iron to quality steel cheap), was a poor immigrant to rich business man, no unions and low pay but gave money to libraries colleges and music halls.

Question 8

John D. Rockefeller

Answer 8

Standard oil owned 90% of nation’s oil refineries, lowered his oil price to run others out of business. Influenced federal government.

Question 9

JP Morgan

Answer 9

Financial tycoon, bailed out railroad companies and helped US in 1907 economic dip through his own wealth

Question 10

Knights of Labor (1869)

Answer 10

Fought for 8-hour workday, wanted workers to own industry, end child labor and convict labor. Allowed everyone but Chinese in

Question 10

American Federation of Labor (1886)

Answer 10

Fought for fair wages and improved working conditions. Only allowed white, skilled workers.

Question 11

Cornelius Vanderbilt

Answer 11

Rail Road tycoon, buy small companies, standardized gauges and schedules to make more money