The Rise of Industry

Front

In the United States during the late 1800s, a major population trend was the movement of people from the farms to the cities.

Back

movement of people from the farms to the cities

Front

Supporters of laissez-faire economics believe that government should: allow business to function without restrictions

Back

allow business to function without restrictions

Front

The corporation became a popular form of business organization during the post-Civil War period because it enabled corporate executives to supervise daily business activities more closely, made it possible for business concerns to raise more capital, appealed to farmers anxious to increase production, encouraged industrial workers to form business cooperatives.

Back

made it possible for business concerns to raise more capital

Front

Prior to 1880, the number of immigrants to the United States was not restricted mainly because industry owners wanted cheap labor.

Back

industry owners wanted cheap labor

Front

One factor that furthered industrialization in the United States between 1865 and 1900 was the expansion of the railroads

Back

expansion of the railroads

Front

One effect of monopolies on the United States economy is that they tended to

Back

reduce business competition

Front

The term “robber barons” is used to describe many industrialists of the late 19th century mainly because they

Back

sought to maximize their profits by eliminating competition and exploiting workers

Front

The Interstate Commerce Act and the Sherman Antitrust Act were passed by Congress to

Back

protect the interests of small businesses

Front

What is the main idea of this cartoon?

Back

The Standard Oil Company was a harmful monopoly.

Front

In the 19th century, the major national labor unions wanted to improve the position of workers mainly by obtaining the legal right to organize and bargain collectively.

Back

obtaining the legal right to organize and bargain collectively