Unit 2 Review

What would best describe the purpose of Labor Unions like the AFL and Knights of Labor

• To eliminate all forms of labor regulations.
• To reduce the number of workers in industries.
• To advocate for workers' rights and improve working conditions.
• To promote corporate interests and profits.

The Bessemer process was crucial in the development of

• blimps

• wooden bridges

• coal mines

• skyscrapers

How did the experiences of Chinese immigrants differ from those of the “New Immigrants” from Southern and Eastern Europe?

• Chinese immigrants were welcomed and integrated easily, while New Immigrants faced legal barriers.
• Both groups faced the same level of discrimination and exclusion in society.
• New Immigrants had no opportunities for assimilation, unlike Chinese immigrants.
• Chinese immigrants experienced legal exclusion and severe discriminated against

Which economic theory was based on “survival of the fittest?”

• Capitalism
• Communism
• Keynesianism
• Social Darwinism

In Florida, during the late 1800s, David Levy Yulee, Henry Flagler, and Henry Plant all helped to grow the southern economy by expanding and rebuilding

• railroads and tourism infrastructure
• mining and manufacturing sectors
• real estate and banking services
• agriculture and fishing industries

What is horizontal integration?

• a strategy of acquiring or merging with competitors to enhance profit

• A technique for diversifying product lines through innovation.
• A strategy focused on improving internal processes and efficiency.
• A method of increasing production capacity by expanding facilities.

Which of the following is an appropriate description of a Trust ?

• A Trust is a group of companies that illegally work together

• A Trust is a social club for wealthy individuals.
• A Trust is a government program for financial aid.
• A Trust is a type of insurance policy for individuals.

What was the Sherman Antitrust Act ?

• A state law regulating local businesses.
• a federal law that prohibits monopolies

• A tax policy aimed at increasing government revenue.
• A law that encourages monopolies to thrive.

What was the purpose of a patent?

• To allow anyone to use an invention freely.
• To promote competition among inventors.
• To provide financial support for inventors.
• To protect an inventor's rights to their invention.

What is the purpose of a strike?

• to advocate for workers' rights and improvements

• To promote a new product line
• To increase production quotas
• To organize a company picnic