Industrial Leaders

Which term BEST describes the U.S. government's policies towards Big Business during the Gilded Age?

• Mercantilist

• Protectionist

• Regulatory

• Laissez-faire

Since the Gilded Age, Why have critics of "Big Business" claimed monopolies are harmful to the American economy?

• prevent technological innovation

• limit competition

• give European industries price advantages

• decrease urban growth rates

Which of the following BEST describes horizontal integration?

• a company acquires similar competing businesses and merges them into a single entity

• he economic development of flatlands in the American west

• when the government lets businesses operate without restrictions

• a company owns all the businesses that supply it with raw goods and necessary services

What is Social Darwinism and how did big business owners use it to justify their actions?

• the idea that Native Americans should return to traditional values

• The idea that that laborers will overthrow the wealthy and take over society

• Survival of the fittest in society- used to justify laissez faire- idea of survival, success of the most capable appears to be wealthy

• The idea of the American Dream of going from rags to riches

Which person fits the following description: Used Vertical Integration, Captain of Industry, and Used a innovative version of the Bessemer Process?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

• Cornelius Vanderbilt