Wealth and Income Inequality in the US

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What was a result of mass immigration after the Civil War?

A shift in the labor force from unskilled to skilled workers

An increase in the number of small business owners

A large supply of cheap, unskilled laborers for factory work (correct)

A decrease in real income for workers

How did the introduction of women into the workforce affect the labor market?

It led to the creation of more jobs for men

It provided a cheaper labor force for companies (correct)

It resulted in higher wages for men

It led to a decrease in the number of men employed in offices

What was a result of the increasing efficiency in production?

Goods became cheaper and more abundant (correct)

Goods became more expensive and scarce

The quality of goods decreased

The demand for goods decreased

What was a characteristic of the new immigrants after the Civil War?

They replaced old immigrants from N/W Europe Signup and view all the answers

What was a consequence of the concentration of control in industries?

The strengthening of profit potential and concentration of control Signup and view all the answers

What was a result of the increasing real income for workers?

An increase in access to a variety of goods and services Signup and view all the answers

What was the primary reason middle classes pushed for assimilation?

To address concerns about political corruption and crime Signup and view all the answers

What was the outcome of the growth of business colleges?

Fostered the growth of a distinctive middle class Signup and view all the answers

What was the main purpose of women's colleges established after the Civil War?

To train teachers Signup and view all the answers

What was a result of the 40-hour work week?

Increased leisure time for the middle and upper classes Signup and view all the answers

What was the focus of Booker T. Washington's Tuskegee Institute?

Providing industrial training for African Americans Signup and view all the answers

What was a consequence of the large number of migrants moving to the West?

Frequent competition and violent conflict with Native Americans Signup and view all the answers

What was Andrew Carnegie's stance on income inequality?

He argued that the poor enjoy the luxuries that the rich could not afford before Signup and view all the answers

What was the effect of Rockefeller's business strategies on the oil industry?

He raised prices and destroyed smaller firms Signup and view all the answers

What was the result of the rapid increase in corporate mergers in the 1890s?

Power became concentrated in fewer hands Signup and view all the answers

What was the motivation behind Seward's acquisition of Alaska?

To expand U.S. territory and promote imperialism Signup and view all the answers

What was the consequence of the Panic of 1893 on businesses?

Many small firms were destroyed or bought out Signup and view all the answers

What was the result of the incorporation of trusts and holding companies?

Larger corporations consolidated power and eliminated competition Signup and view all the answers