CFU #2 Gilded age

In regards to the economy, the federal government followed a hands-off policy known as ________________________.

• , Laissez-faire

• democracy

• socialism

This led to the rise of ____________ _______________________.

• empires

• big business

Some entrepreneurs built large companies that controlled an entire market called _____________________________.

• Monopolies

• cash cows

An example of this was _______________________ who created a monopoly over the steel industry.

• Thomas Jefferson

• Carnegie

• Thomas Edison

The problem with monopolies is that there is no ________________ which means the entrepreneur can raise prices at the expense of the consumer.

• competition

• taxes

Robber barons ______________ their workers.

• exploited

• loved

Factory workers had long ____________ and low _____________.

• hours ; responsibility

• hours ; wages

_ It was not unusual for factories to use _______________ ____________.

• child labor

• Artificial Intelligence

•Although big business took advantage of workers, they also donated millions of dollars in acts of ___________________.

• philanthropy

• kindness