Gilded Age and Robber Barons

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Questions and Answers

During the late 1800s and early 1900s, the term 'Robber Baron' was used to describe individuals who primarily:

  • Focused on philanthropic efforts and wealth redistribution.
  • Used ruthless tactics to gain wealth and power in business. (correct)
  • Pioneered sustainable business practices and environmental conservation.
  • Advocated for stronger government regulations to protect workers.

John D. Rockefeller's creation of the Standard Oil Trust in the late 1800s was primarily intended to:

  • Stimulate competition among various oil refining businesses.
  • Implement fair labor practices and improve working conditions.
  • Control prices and practices within the oil refining industry. (correct)
  • Distribute profits to charitable causes, benefiting the public.

How does depicting Rockefeller larger than life in the provided image relate to his historical role?

  • It reflects his efforts to correct pollution caused by industrialization.
  • It portrays him as a political boss seeking governmental favors.
  • It symbolizes his role as a government inspector fighting corruption.
  • It represents him as a robber baron who used his wealth to influence the government. (correct)

Why was the late 1870s to the early 1900s period often called the 'Gilded Age'?

<p>Because of the stark contrast between America's perceived opportunity and the growing wealth gap. (C)</p> Signup and view all the answers

What was the primary intention of Congress when passing the Sherman Antitrust Act of 1890?

<p>To prevent large corporations from creating monopolies and eliminating competition. (D)</p> Signup and view all the answers

How did public perception of labor unions shift following events like the Haymarket Riot and the Homestead Strike?

<p>They were viewed as promoting violence and anarchy, leading to widespread fear and distrust. (C)</p> Signup and view all the answers

Andrew Carnegie's use of vertical integration to control the steel industry involved:

<p>Acquiring companies that supply raw materials, manufacturing, distribution, and transportation. (B)</p> Signup and view all the answers

Which group's interests did American Presidents and Congress most often prioritize protecting during the late 1800s?

<p>The growth and profits of big business and industry. (A)</p> Signup and view all the answers

What does the political cartoon showing larger figures looming over governmental proceedings suggest about the era?

<p>The control large monopolies had in influencing governmental decisions. (D)</p> Signup and view all the answers

What does the image depicting workers crushed by the burdens of 'low wages' and 'high rent' convey about the need for labor unions?

<p>Labor unions were desirable because the workers were being crushed by difficult living conditions and poor pay. (C)</p> Signup and view all the answers

Flashcards

Robber Baron

Term for someone using ruthless business tactics in the late 1800s and early 1900s.

Standard Oil Trust creation intent

To control prices and practices in the oil refining business.

Why is Rockefeller depicted so large?

Rockefeller controlled government through money and power.

The Gilded Age

Era with growing gap between rich and poor.

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Sherman Antitrust Act (1890) Intent

To prevent large corporations from creating monopolies.

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Haymarket Riot/Homestead Strike Perception

Resulted in the public viewing unions as promoting violence and anarchy.

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Vertical Integration

Practice where a company controls every stage to control quality and costs.

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Who did Presidents protect in the 1800s?

Big business and industry.

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Who makes governmental decisions?

Large monopolies.

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Andrew Carnegie's 'Gospel of Wealth'

To suggest that wealthy people should improve society by donating to charities

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Study Notes

Unit 4.1 Bellringer

  • During the late 1800s and early 1900s, the term "robber baron" best defined a person who used ruthless business tactics.
  • In the late 1800s, John D. Rockefeller intended the creation of the Standard Oil Trust to control prices and practices in the oil refining business.
  • The image depicts Rockefeller as large because he was a robber baron who used his money and power to influence government.
  • The period from the late 1870s to the early 1900s was called "The Gilded Age" because America seemed like the land of opportunity, but there was a growing gap between the rich and the poor.
  • In passing the Sherman Antitrust Act (1890), Congress intended to prevent large corporations from creating monopolies and eliminating their competition.
  • The public often perceived unions as promoting violence and anarchy because of events like the Haymarket Riot and the Homestead Strike.
  • When a company takes over suppliers, manufacturing, distributors, and transportation systems to gain total control over the quality and cost of a product, it is known as vertical integration; Andrew Carnegie used this management practice to gain control over the steel industry.
  • American Presidents and Congress most often protected big business and industry in the late 1800s.
  • The political cartoon implies that large monopolies are making governmental decisions.
  • The United States government created the Interstate Commerce Commission to establish the federal government's power to regulate trade.
  • Many wealthy industrialists supported the theory of laissez-faire government in the late 1800s because it allowed for limited government restrictions on business operations.
  • The Railroad Strike of 1877 began as a walkout by railroad workers and escalated into the country's first national strike.
  • The image suggests that labor unions were desirable because the workers were being crushed by difficult living conditions and poor pay.
  • A UNION LEADER in a factory would embrace Collective Bargaining
  • Andrew Carnegie wrote The Gospel of Wealth to suggest that wealthy people should improve society by donating to charities.

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