HISTORY EXAM sem. 2 (13) – Flashcards
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5. Which industry most spurred economic growth and innovation in other related industries?
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Railroads
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6. Whose theory on species was molded and shaped to fit the business world during this era of big business?
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Charles Darwin
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7. Sherman Antitrust Act limited which group?
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large corporations
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8. An important advantage of corporations was _____.
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reducing financial risk for inventors
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9. Main reason workers tolerated unfair conditions was _______.
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they thought they would be replaced
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10. Who began American Federation of Labor?
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Gompers
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11. What was a result of Haymarket Square incident?
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Americans turned away/shunned radicalism
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12. How did the federal government support employers during times of labor unrest?
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denial of unions as legally protected groups
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13. In which system does one company control the businesses that make up all phases of a product's development?
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vertical integration
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14. Which argument supports the perception of big business leaders as "captains of industry"?
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industrialists support for technology benefitted the economy
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16. Horizontal integration is different from vertical in that it________.
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consolidates many firms into one giant super company
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17. Which group limited membership to skilled craftspeople and focused on economic reform?
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American Federation of Labor
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18. Which labor organization was founded first?
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Knights of labor
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40. Who was the leader of the Pullman Strike?
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Debs
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39. Which choice was a result of the big business in US during the late 1800's?
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US became an economic powerhouse
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38. Which choice changed how businesses were ran in the late 1800's?
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industrialization countrywide
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37. Which labor protest had much violence that actually made some people timid & weary of labor unions?
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Haymarket Riot
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36. The Pullman Strike was a big deal because it slowed down _____.
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railway shipping
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35. Those that supported the big businesses were regarded as _____.
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Captains of Industry
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34. Which choice below was NOT a corporate strategy to maximize profits?
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monopolies/cartels
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33. The _____ was the labor union that included workers and focused on specific worker issues.
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AFL
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32. A main contributor to corporations & their ability to maximize profits was _______.
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low cost for raw materials
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31. Elements of _____, while widely rejected did get support because it pushed for the spreading of the nation's wealth evenly.
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socialism
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30. Which industry was involved in the Homestead Act?
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steel
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29. Who was the railroad tycoon of the era?
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Vanderbilt
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28. Different ethnic groups were often ____ in company towns.
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segregated
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27. ____ made up the largest part of the factory workforce.
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immigrants
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26. T/F: Industrialization led to the economic opportunities for women.
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TRUE
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25. ____ argued that the government should stay out of the private business affairs
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laissez-faire
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24. Taking control of all the phases of product development is known as ______.
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vertical integration
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23. Which tycoon of the time period was eventually paid by his competition to re-locate his business?
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Vanderbilt
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22. Which was perceived as the perfect solution to the challenge for expanding business?
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corporations
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21. Who was the leader of the Pullman Strike?
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Debs
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20. A major benefit of corporations was their ability to _____.
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all of the above: file lawsuits, buy out partners, & buy and sell properties
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19. Which event led to the executions of 4 anarchists & decline in support of knights of labor?
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Haymarket Riot
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