2021 Gilded Age Industrialization

A group of companies in the same industry giving day-to-day operation of their companies over to a single board of directors.

• monopoly
• corporation
• trust
• horizontal Integration

Technological development most revolutionized US steel industry?

• Electrification
• Vulcanization
• Steam power
• Bessemer Process

What is a Laissez-Faire economy?

• An economy that is completely controlled by the U.S. government
• An economy that is partially controlled by the U.S. government
• An economy that works best when there is very little involvement by the U.S. government
• An economy that is controlled by another country

Robber Barons used this theory to justify their actions in business

• Social Darwinism
• conspicuous consumption
• Gospel of Wealth
• nativism

What was an American capitalist of the Gilded Age whose contributions benefited society?

• Captain of Industry
• Social Darwinist
• Socialist
• Fundamentalist

What was an entity that runs several companies as one large corporation? (Standard Oil)

• Trust
• Merger
• Corporation
• Monopoly

Name for entrepreneurs who use ruthless tactics to destroy competition or to keep wages low

• Captain of Industry
• Robber Baron
• Philanthropist
• Consolidator

Described as a time marked by gross income inequality and corrupt practices by corporations and abuse of workers, the term "Gilded Age" was coined by what writer?

• Upton Sinclair
• Andrew Carnegie
• Mark Twian
• Henry George

Combining into a single firm of several firms involved in the same level of production and sharing resources as that level

• Horizontal integration

• Vertical integration

• Oil derrick

• Permanent University Fund

When when a company is working separately in related phases of the production and sale of a product

• Philanthropy

• Horizontal integration

• Petroleum

• Vertical integration