Wealth and Income Inequality in the US
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Questions and Answers

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?

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

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

    <p>The strengthening of profit potential and concentration of control</p> Signup and view all the answers

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

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

    What was the primary reason middle classes pushed for assimilation?

    <p>To address concerns about political corruption and crime</p> Signup and view all the answers

    What was the outcome of the growth of business colleges?

    <p>Fostered the growth of a distinctive middle class</p> Signup and view all the answers

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

    <p>To train teachers</p> Signup and view all the answers

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

    <p>Increased leisure time for the middle and upper classes</p> Signup and view all the answers

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

    <p>Providing industrial training for African Americans</p> Signup and view all the answers

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

    <p>Frequent competition and violent conflict with Native Americans</p> Signup and view all the answers

    What was Andrew Carnegie's stance on income inequality?

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

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

    <p>He raised prices and destroyed smaller firms</p> Signup and view all the answers

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

    <p>Power became concentrated in fewer hands</p> Signup and view all the answers

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

    <p>To expand U.S. territory and promote imperialism</p> Signup and view all the answers

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

    <p>Many small firms were destroyed or bought out</p> Signup and view all the answers

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

    <p>Larger corporations consolidated power and eliminated competition</p> Signup and view all the answers

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