Impact of Big Business and Labor

The video discusses the growth of big business and organized labor in the post-Civil War period, highlighting the impact of industrialization and electricity on American society. It examines the concentration of wealth among business tycoons like Rockefeller and Carnegie, and the strategies they used to maintain monopolies. The video also covers the expansion of railroads, economic inequality, labor exploitation, and the formation of labor unions. It concludes with the Progressive Era's attempts to regulate big business and the political influence of labor movements.

What major shift in employment occurred in the United States post-Civil War due to the growth of big business?

• From industrial work to service jobs

• From service jobs to agriculture

• From agriculture to industrial work

• From industrial work to agriculture

Who were some of the key figures in the concentration of wealth during the growth of big business?

• Bill Gates and Warren Buffet

• Henry Ford and Steve Jobs

• Thomas Edison and Nikola Tesla

• John Rockefeller and Andrew Carnegie

What was one of the main strategies used by big business tycoons to maintain their monopolies?

• Reducing innovation

• Increasing government regulation

• Avoiding government regulation

• Increasing competition

How did railroads contribute to the growth of big business in the 19th century?

• By connecting major cities and industries

• By reducing the need for electricity

• By increasing agricultural production

• By decreasing the cost of labor

What was a common practice among big businesses to reduce costs and maintain efficiency?

• Reducing working hours

• Increasing worker wages

• Investing in new technology

• Closing factories frequently

What was one of the main demands of labor unions during the rise of big business?

• Better wages and working conditions

• Higher tariffs

• More government regulation

• Longer working hours

What was the impact of the Sherman Antitrust Act on labor unions?

• It was used against labor unions

• It supported the formation of labor unions

• It had no impact on labor unions

• It led to the dissolution of labor unions

Which political era attempted to regulate corrupt big business practices?

• The Industrial Era

• The Renaissance Era

• The Modern Era

• The Progressive Era

What was the general public's perception of labor union leaders during the late 19th and early 20th centuries?

• They were seen as heroes

• They were viewed as radicals

• They were ignored by the public

• They were supported by the government

What was one of the main goals of the Progressive Era in relation to big business?

• To reduce government intervention

• To support laissez-faire policies

• To outlaw corrupt practices

• To increase monopolies