Gilded Age PBS

Someone who follows the "laissez-faire" approach to economics would agree most with which of the following statements?

• Government regulations on business should focus on protecting the environment

• Workers should be paid equally despite the industry they work in

• Government needs to increase rules and regulations on large businesses

• Government should only play a small role in the economy and limit the rules and regulations it puts on businesses

How can American society best be described during the Gilded Age?

• The large majority of Americans are involved in business ownership and are very wealthy

• There is a small number of very wealthy millionaires, however many citizens also live in poverty

• Huge numbers of American citizens are immigrating to Europe to seek new opportunities

• There is an equal number of wealthy and poor citizens

Andrew Carnegie was an immigrant from this country, who built a fortune in this industry

• Scotland, Railroads

• Scotland, Oil

• Scotland, Steel

• England, Steel

Andrew Carnegie used this business strategy, where a company owns or controls every part in the creation of it's product (resources, factories, transportation)

• Vertical Integration

• Horizontal Integration

• Supply-Side Economics

• Laissez-Faire Economics

This Scottish immigrant invented the telephone in 1876

• Andrew Carnegie

• Domingo Ghirardelli

• Levi Strauss

• Alexander Graham Bell

Workers began to speak out for their rights and some joined ______________.

• Labor Unions

• Philanthropic Organizations

• Farming Unions

• Political Clubs

Overcrowding and pollution were caused primarily by what?

• Urbanization

• Industrialization

• Nativism

• Assimilation

Americans who were anti-immigration due to the fear of losing jobs to immigrants were called-

• Bootlegger

• Monopolies

• Communists

• Nativists

Who would most likely support William J. Bryan (Cross of Gold Speech)

• Slaves

• Railroad Owners

• Populist Part (Farmers)

• Republicans

How did horizontal and vertical integration affect American companies

• Competition flourished in all industries

• Technology was shared within companies

• Small businesses benefited from the business strategy

• Large companies grew and eliminated competition