Unit 7 - Test Flashcards
What is individualism?
A. When you work to improve your communities status
B. When you are stuck in the social Class that you are born into
C. When you improve your social status through hard work
C. When you improve your social status through hard work
What does Laissez-Faire Capitalism mean?
A. Taxing businesses so the government can collect more taxes
B. Allows competition to control the market
C. To place tariffs on competing products from overseas a
B. Allows competition to control the market
Which would a critic of capitalism say?
A. Capitalism is harmful to big business
B. Big business provides many jobs for the unfit
C. Workers are being mistreated in the free market
C. Workers are being mistreated in the free market
What is NOT true about communism?
A. It breeds competition among workers
B. Forces one social class
C. No private property ownership
A. It breeds competition among workers
Which is NOT and advantage of corporations?
A. Corporations are stable
B. Stockholders are not responsible for the corporations debt
C. Stockholders have control of where the corporation invests its money
C. Stockholders have control of where the corporation invests its money
Why don’t social Darwinists encourage the helping of the poor?
A. They believe in “survival of the fittest”
B. The poor are unappreciative of the assistance
C. There was legislation to prevent the helping of the poor
A. They believe in “survival of the fittest”
Why were corporations used for the steel, oil, and railroad industries?
A. They were too large
B. Allowed companies to raise more funds
C. Easier to manage
D. All of the above
D. All of the above
Who monopolized the steel industry?
A. Bell
B. Pullman
C. Carnegie
C. Carnegie
Which riot occurred where a bomb exploded injuring over sixty people and killing several people?
A. Pullman strike
B. Haymarket riot
C. The Great riot
B. The Haymarket riot
Why do most strikes fail?
A. Small funding
B. The federal government intervenes
C. Not enough people - low numbers
B. The federal government. Intervenes
Who monopolized the oil industry?
A. Bell
B. Rockefeller
C. Carnegie
B. Rockefeller
Who created the telephone?
A. Westinghouse
B. Pullman
C. Bell
C. Bell
Who created their-compressed break?
A. Westinghouse
B. Pullman
C. Bell
A. Westinghouse
Wh capitalized on the luxurious railcar?
A. Westinghouse
B. Pullman
C. Bell
B. Pullman
What does Gilded Age mean?
A. An alliance between large corporations
B. Time period when the American economy looked Golden on the outside but was bad on the inside
C. A description of the industrial revolution when the monopolies were ended
B. Time period when the American economy looked Golden from the outside but was bad on the inside