Immigration, Capitalism and Corporations
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Questions and Answers

Which factor most significantly contributed to the passage of the Chinese Exclusion Act of 1882?

  • Widespread adoption of laissez-faire economic policies.
  • Increased collective bargaining power of labor unions in California.
  • The growing popularity of Social Darwinism among European immigrants.
  • The influx of Chinese immigrants during the California Gold Rush and subsequent economic competition. (correct)

How did Social Darwinism influence business practices during the late 19th century?

  • It led to the widespread adoption of socialist economic policies.
  • It encouraged businesses to engage in collective bargaining with labor unions.
  • It justified aggressive business tactics and the elimination of weaker competitors. (correct)
  • It promoted ethical business practices and corporate social responsibility.

What was the primary purpose of the Sherman Anti-Trust Act?

  • To encourage collective bargaining between unions and employers.
  • To prevent the creation of business monopolies. (correct)
  • To promote the formation of monopolies and trusts.
  • To regulate immigration to the United States.

How did the principle of laissez-faire economics, as advocated by Adam Smith, impact the growth of wealth in America?

<p>It advocated for minimal government intervention, allowing businesses to operate freely. (A)</p> Signup and view all the answers

Which immigrant group was the largest in the 1800s and faced discrimination due to their religion and perceived behavior?

<p>Irish (A)</p> Signup and view all the answers

Flashcards

Ellis Island

Island serving as a major entry point for immigrants in the 1800s, requiring proof of work ability.

Corporation

Businesses owned by shareholders, allowing for broader investment and growth.

Laissez-faire

Economic policy advocating minimal government intervention in business and trade.

Collective Bargaining

Negotiation by unions on behalf of their members, often involving the threat of strikes.

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Chinese Exclusion Act

A policy that limit chinese immigration.

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Study Notes

  • Ellis Island was a common port of entry for immigrants.
  • Immigrants had to prove ability to work.

New Immigrants

  • Post 1800s, immigrants had to prove ability to work.
  • People came to America looking for land and opportunity.
  • Irish immigrants comprised the largest groups in the 1800s.
  • They faced stereotypes as drunkards.
  • They faced discrimination as catholics.
  • Other European immigrants experienced mistreatment.

Chinese Immigrants

  • In the late 1800s, Chinese immigrants established service industries.
  • They were prompted to set-up industry for the California Gold Rush.
  • The Chinese Exclusion Act (1882) placed a limit on Chinese immigration.
  • This was due to job competition, cultural differences and prejudice/fear.

Capitalism

  • It is a system where businesses are privately owned by individuals.
  • Companies compete for jobs and resources.

Corporations

  • Businesses are owned by stockholders.

Laissez-Faire

  • "Leave alone" principle coined by Adam Smith.
  • Adam Smith's "Wealth of Nations" stated it was the ideal way of growing wealth.

Social Darwinism

  • The "survival of the fittest" philosophy encouraged ruthless business practices.

Competition

  • It is when two or more businesses try to earn money.

Collective Bargaining

  • A union's ability to negotiate for members through strikes.

Sherman Anti-Trust Act

  • The law prevents monopolies from forming.

Social Darwinism

  • The idea suggests that human societies, like species in nature, are governed by the "survival of the fittest.”
  • Strongest individuals or groups rise to the top.

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Post 1800's, immigrants had to prove their ability to work to enter. Chinese immigrants faced prejudice, later limited by the Chinese Exclusion Act. Capitalism is a 'leave alone' system where companies compete for jobs and resources and businesses are owned by stockholders.

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