Industrialization #3

1. What was one way that business leaders in the 19th century tried to eliminate competition?

• By increasing wages for workers

• By offering stock to competitors

• By creating monopolies and trusts  

• By supporting government regulation

1. How did Carnegie Steel improve its manufacturing process?

• By using the Bessemer process

• By outsourcing production to other countries

• By limiting competition through trusts

• By avoiding the use of machinery

1. Which term describes the complete control of an industry’s production, wages, and prices by a single company?

• Laissez-faire 

• Monopoly

• Horizontal integration

• Social Darwinism  

1. What was one argument used by critics against the large business monopolies of the late 1800s?

• They paid workers too high wages.

• They supported free and fair competition in all markets.

• They invested too much in worker training programs.

• They hurt consumers by limiting competition and raising prices.

1. What primary tactic did the American Federation of Labor (AFL) use to achieve higher wages and better working conditions?

• Strikes

• Public protests

• Government lobbying

• Boycotts