US History Chapter 13 "The Triumph of Industry" – Flashcards
Unlock all answers in this set
Unlock answersquestion
In which system does one company control the businesses that make up all phases of a product's development?
answer
Vertical integration
question
The ICC was formed to
answer
oversee railroad operations and to regulate American business.
question
The federal government formed the Interstate Commerce Commission to oversee
answer
railroad operations.
question
Which labor organization was founded first?
answer
Knights of Labor
question
In what field did significant technological innovation occur in the late 1800s?
answer
Building materials, communications, transportation
question
In the late 1800s, industrial workers
answer
faced low wages and long hours in unsafe working conditions.
question
Cartels, monopolies, trusts, and horizontal and vertical integration all share the goal of
answer
increasing profits.
question
Horizontal integration differs from vertical integration in that it
answer
consolidates many firms involoved in the same business into one giant company.
question
Corporations had the important advantage of
answer
reducting the financial risk for individual investors.
question
How did the federal government support employers during times of labor unrest?
answer
Denied unions recognition as legally protested groups.
question
The Sherman Antitrust Act imposed limitations upon which group?
answer
Large corporations
question
A cartel differs from a monopoly in that
answer
one corporation has complete control of a product or service(monopoly).
question
What was one effect of the events in Haymarket Square?
answer
Americans turned away from radicalism
question
Which industry most spurred economic growth and innovation in related industries?
answer
Railroads
question
In the late 1800s, workers tolerated poor wages and working conditions because they
answer
could be replaced easily by other workers.
question
What punishment would a corporate violator of the Sherman Antitrust Act face?
answer
Imprisonment not exceeding three years
question
Steel changed people's lives by making possible the
answer
construction of skyscrapers.
question
Capitalism fueled industrialization by
answer
encouraging entrepreneurs to establish businesses.
question
Which innovation extended the number of hours in a day that Americans could work and play?
answer
Electricity
question
Which argument supports the perception of big business leaders as "captains of industry"?
answer
Industrialists support for technology benefited the economy
question
Which labor leader began the American Federation of Labor?
answer
Samuel Gompers
question
Which event resulted in the execution of four anarchists and the decline of the Knights of Labor?
answer
Haymarket Riot of 1886
question
Which of the following helped fuel economic growth by encouraging people to buy American goods?
answer
Protective tariffs
question
As farms became mechanized,
answer
farmers moved to urban areas.
question
Which of the following limited membership to skilled craftspeople and focused on economic reforms?
answer
Knights of Labor
