Gilded Age

The Bessemer Process resulted in

• cheaper and more efficient coal production

• efficient iron production

• a rapid expansion of steel manufacturing

• the expansion of western boom towns

Laissez-faire capitalism relies on _________ to regulate prices and wages.

• labor unions

• the government

• the GNP

• supply and demand

Controlling all aspects of the creation of a product is called

• horizontal integration

• vertical integration

• economies of scale

• the Bessemer Process

How did corrupt political machines such as Boss Tweed's Tammany Hall in New York City maintain control during the Gilded Age?

• By breaking up labor unions and collective bargaining

• By providing immigrants with jobs, housing, and police protection in favor for votes

• Through the use of ruthless and ethical business practices

• Through large donations to charitable organizations for immigrants

7) In Urbanization: the people of the United States population was moving from the _ country to the _ country parts of the country.

• urban; rural

• rural; urban

The idea of Social Darwinism was perpetuated by ...

• the Civil Rights Act of 1875

• The Pendleton Act

• The Gospel of Wealth

• The rise of robber barons

How can Corporations achieve economies of scale? (the idea that industrialization can have lower costs and lower prices)

• By keeping their fixed costs as low as possible

• By keeping their operating costs as low as possible

• By investing in more machines and larger manufacturing facilities

• By investing in and/or buying out companies in the same business

____________ was the philosophy that wealthy Americans bore the responsibility of using their great fortunes to further social progress.

• Social Darwinism

• Gospel of Wealth

• Realism

• Redistribution of Wealth

While European immigrants were processed through Ellis Island, Asian immigrants were processed through__________.

• Angel Island

• Manhattan Island

• Alcatraz Island

• Tammany Island

Merging multiple small companies into one powerful and large company is called

• horizontal integration

• vertical integration

• economies of scale

• the Bessemer Process