Unit 5 Gilded and Progressive

What is one reason Rockefeller was able to succeed in the oil industry?

• combined vertical and horizontal integration

• encouraged competition

• urged gov. regulation on oil industry

• treated competitors fairly

What is collective bargaining?

• union and management officials meeting to discuss terms

• right-to-work laws

• company relocating overseas

• union representatives going on strike

By creating monopolies and trusts, industrial leaders in the late 1800s...

• gained lots of wealth

• fewer women and children were used in industrial jobs

• caused the Panic of 1893

• secured passage of the 16th amendment

What was the purpose of the Sherman Antitrust Act of 1890?

• Prevented new businesses forming

• Broke up largest monopolies immediately

• Take down monopolies, though it had little effect in the beginning

• Went after small businesses

What was a major goal of the Progressive movement?

• establish a flat income tax rate

• encourage ties between gov and business

• increase Democracy so more than just the elite have a say in gov

• create a new national bank

Why did businessmen generally favor relaxed immigration laws by late 19th century?

• were supporters of the temperance movement

• were advocates for multicultural education

• valued immigrant heritage

• valued cheap labor

Who did the government usually side with in serious labor disputes before 1900?

• remained neutral

• sometimes supported workers other times the owners

• supported workers

• supported owners

Why did homesteaders create "sod homes"?

• had no knowledge of other construction methods

• looked nice

• had little time to build anything else

• timber was generally unavailable

The Interstate Commerce Act (1887) put regulations on which industry?

• farming

• ranching

• iron working

• railroad

What is it called when the producer of a product owns the transportation of their product AND owns the stores that sell the product?

• vertical integration

• horizontal integration

• laissez-faire

• supply and demand