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Questions and Answers
Which of the following would NOT be used by a supporter of the capitalist system as it existed in the Gilded Age?
Which of the following would NOT be used by a supporter of the capitalist system as it existed in the Gilded Age?
Which capitalist created U.S. Steel, the nation's first billion-dollar corporation?
Which capitalist created U.S. Steel, the nation's first billion-dollar corporation?
Andrew Carnegie's use of vertical integration was significant in that it
Andrew Carnegie's use of vertical integration was significant in that it
In order to promote the interests of labor, trade unions would support
In order to promote the interests of labor, trade unions would support
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In his 'Gospel of Wealth,' Andrew Carnegie articulated the view that
In his 'Gospel of Wealth,' Andrew Carnegie articulated the view that
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According to the text, who were considered the real economic leaders of the nation?
According to the text, who were considered the real economic leaders of the nation?
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How did the Industrial Workers of the World differ from the other major trade unions?
How did the Industrial Workers of the World differ from the other major trade unions?
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What impact did industrialization have on the American worker, according to the text?
What impact did industrialization have on the American worker, according to the text?
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What were the Union Pacific and Central Pacific railroad companies instrumental in?
What were the Union Pacific and Central Pacific railroad companies instrumental in?
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How did big business use a loophole in the Sherman Anti-Trust Act for its own benefit?
How did big business use a loophole in the Sherman Anti-Trust Act for its own benefit?
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According to the late nineteenth century, where did the U.S. rank in terms of industrial output?
According to the late nineteenth century, where did the U.S. rank in terms of industrial output?
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What was J. P. Morgan known for doing to consolidate rival businesses and eliminate competitive discord?
What was J. P. Morgan known for doing to consolidate rival businesses and eliminate competitive discord?
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Study Notes
Capitalism in the Gilded Age
- A supporter of the capitalist system in the Gilded Age would not use government regulation of industry as an argument.
Notable Capitalists
- Andrew Carnegie created U.S. Steel, the nation's first billion-dollar corporation.
Business Strategies
- Andrew Carnegie's use of vertical integration was significant in that it allowed him to control all aspects of his business, from raw materials to finished products.
Labor Unions
- Trade unions would support strikes to promote the interests of labor.
- The Industrial Workers of the World differed from other major trade unions in that it sought to overthrow the capitalist system, whereas other unions focused on improving wages and working conditions.
Economic Leaders
- According to the text, the robber barons were considered the real economic leaders of the nation.
Industrialization
- Industrialization had a negative impact on the American worker, creating a new class of industrial wage earners who were subject to exploitation and poor working conditions.
Railroad Development
- The Union Pacific and Central Pacific railroad companies were instrumental in connecting the East and West coasts of the United States.
Anti-Trust Laws
- Big business used a loophole in the Sherman Anti-Trust Act, which prohibited monopolies, but allowed trusts to exist.
U.S. Industrial Output
- In the late nineteenth century, the United States ranked first in the world in terms of industrial output.
J.P. Morgan
- J.P. Morgan was known for consolidating rival businesses and eliminating competitive discord through forming trusts and mergers.
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Description
Test your knowledge of the capitalist system during the Gilded Age with this quiz. Questions cover prominent figures, perspectives, and key aspects of capitalism during this period.
