False
T/F: The transcontinental railroad only connected points west of the Mississippi River to the Pacific Ocean.
True
T/F: Industrial growth in the US led to a concentration of wealth in the hands of a small number of labor leaders.
True
T/F: Samuel Morse created a system of communication which involved the use of electrical waves traveling over a wire.
True
T/F: During the late 1800s, critics of industrial leaders referred to them as Robber Barons.
False
T/F: The form of government called socialism is better at promoting individualism than capitalism.
oil
Which occupation made him rich: John D. Rockefeller
steel
Which occupation made him rich: Andrew Carnegie
railroad
Which occupation made him rich: Cornelius Vanderbilt
railroad
Which occupation made him rich: Jay Gould
financing
Which occupation made him rich: J.P. Morgan
railroad
Which occupation made him rich: George M. Pullman
cigarettes
Which occupation made him rich: James Buchanan Duke
railroad
Which occupation made him rich: Edward H. Harriman
railroad
Which occupation made him rich: Leland Stanford
monopoly
A business buys out its competitors and eliminates all competition.
cartel
Loos association of businesses which make the same product.
trust
A board of trustees manages many businesses as one.
vertical consolidation
A method of controlling all phases of production in one industry.
horizontal consolidation
Consolidating all companies that do the same thing as one company.
True
T/F: The United States was an agrarian society until the start of WWI.
False
T/F: Piecemeal is a very fair way to pay employees.
False
T/F: Frederick Winslow Taylor was a great advocate for labor and is honored on Labor Day.
False
T/F: African-American workers were paid the same as any other laboring group.
False
T/F: Labor unions were strong in the 19th century and were able to pass many important safety features in the workplace.
False
T/F: The Women of Labor (WOL) was one of the first labor unions in the country.
False
T/F: Unions liked a closed shop because they were safer than most other places of employment when people could just walk in and out of the building.
True
T/F: Andrew Carnegie used his wealth to help fund public libraries all over the world.
True
T/F: The increase in the number of patents after the Civil War can be attributed to the harnessing of electricity.
True
T/F: Many children left school to work in factories because their families needed the extra money to survive.
false
T/F: Edwin . Drake and the Pennsylvania Rock Oil Company pioneered the refining of crude oil into gasoline.
Food
What made him rich: Claus Spreckels
Railroad
What made him rich: Mark Hopkins
steel
What made him rich: Henry Clay Frick
food
What made him rich: Philip Danforth Armour
railroad
What made him rich: John Insley Blair
finance
What made him rich: Andrew Mellon
fur
What made him rich: John Jacob Astor
railroad
What made him rich: James J. Hill
Henry Bessemer
Inventor who developed a new way to make steel
Andrew Carnegie
Industrialist who preached "the gospel of wealth".
Eugene V. Debs
Workers called in to replace striking workers
collective bargaining
When workers negotiate as a group with employers, they are engaging in ___.
Henry Bessemer
Inventor who developed a new way to make steel
anarchists
Political radicals who violently oppose all government
Awarding loans and land grants to private companies to build the railroad
The government contributed to the building of the transcontinental railroad by ___.
promote fair industrial competition
The goal of the Sherman Antitrust Act was to ___.
stay out of the affairs of business
According to Social Darwinism, the government should ___.
the business cycle
Economists call periods of boom and bust
workers would not join labor unions
Some employers forced workers to sign "yellow dog contracts" stating that ___.
women in the work force would drive wages down
Samuel L. Gompers opposed letting women join the American Federation of Labor because he believed that ___.
* Social Darwinism is based off of Darwin's theory of natural selection. It suggests that the government should not interfere with the economy. The weak businesses would fail and the strong ones would prospers.
*ESSAY: Explain the theory of Social Darwinism.
* A "robber baron" and a "captain of industry" are titles of economic leaders. A "robber baron" is an economic leader that does ANYTHING for money. He/she is usually ruthless and heartless towards people under him/her. A "captain of industry" is a term describing a positive economic leader. He/She is concerned and supports the good of the people and economy.
* ESSAY: Compare the terms "robber barons" and "captains of industry".
* The railroads dramatically changed the economy of Americans in the late 1800s. Railroads allowed goods to quickly ship around the country. Railroads increased productivity. Also, many people became rich through the building of railroads. Steel and other ore businesses prospered as the demand for tracks increased. Many jobs were created from the railroad industry.
* ESSAY: Explain the impact of the RR upon the US from 1865 to 1900.
*
* ESSAY: What was the controversy between Edison and Westinghouse?
