RETAKE FLASHCARDIZZ: 2024 Chapter 24 Review

Front

Labor unions were organized to represent the interests of:

Back

Workers

Front

Who was the founder of the American Federation of Labor (AFL)?

Back

Samuel Gompers

Front

Which of the following made millions in the steel industry? John D. Rockefeller, Andrew Carnegie

Back

Andrew Carnegie

Front

Which of the following made millions in the oil industry? John D. Rockefeller, Andrew Carnegie

Back

John D. Rockefeller

Front

Who improved the quality of life in cities by inventing the electrical power system?

Back

Thomas Edison

Front

Which of the following is a business organization whose purpose is to control prices? labor union, entrepreneur, trust and monopoly, laissez-faire

Back

trust and monopoly

Front

How did the mass production of goods affect life in the United States?

Back

Products were more affordable

Front

Which of these is an entrepreneur?
Options: A factory worker, A government employee, A farm worker, A successful business owner

Back

A successful business owner

Front

Which of these best describes the economic policy known as laissez-faire?
Options: Government does not interfere with business
(hands off), Government guides labor practices, Government protects workers
, Government controls prices charged

Back

Government does not interfere with business
(hands off)

Front

How were monopolies a threat to the free-enterprise system? Options: By eliminating competition from other businesses and controlling prices, By encouraging labor unions to go on strike, By increasing trade with foreign countries, By lowering prices to help consumers

Back

By eliminating competition from other businesses and controlling prices