The Gilded Age Flashcards
Most immigrants To the United States in the late 1800s and early 1900s came from where?
Eastern and southern Europe
The absence of government intervention into the economy…
Laissez-faire
And entrepreneur that seeks success by offering a quality product people value at lower and lower prices; does not use government subsidies or aid
Market entrepreneur
Financial handouts from the government
Subsidies
The entrepreneur made his fortune in the oil business
Rockefeller
The entrepreneur made his fortune in the steel business
Carnegie
The entrepreneur made his fortune in railroad businesses
James Hill
When one business controls all or basically all of a particular market
Monopoly
The Elkins act and the Hepburn act target which business with regulations
Railroad
Which of the following occurs when a company owns all parts of the industrial process
Vertical integration
List for factors that allowed the United States to industrialize
An abundance of raw materials, workforce, free enterprise, and new inventions and tools
Of the four factors listed above what was the most important
Tools because they made things faster more efficient and gave people the ability to live and work beneficially
How was James hill and his railroad project similar to and different from other transcontinental railroad builders of the gilded age?
James Hill unlike other builders did not get any government help or subsidies to help pay for his railroad. This made him a market entrepreneur. James he’ll also took his time to build of the smart in more efficient route so that his railroad it wouldn’t collapse or have to be rebuilt. Also he was the only builder that didn’t go bankrupt.
What are the five standards that help is judge is a liar policy is just or unjust
Does it violate our natural rights, does it show favoritism or discriminate, does it on her God’s law, is it simple and easy to understand it, and it does it come from proper authority,
What basic three goals do labor unions have
Better hours, better wages, and better working conditions