3.3 Big Business
Presentation
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History
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10th Grade
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Practice Problem
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Medium
GARY NEAL
Used 6+ times
FREE Resource
12 Slides • 9 Questions
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Multiple Choice
During the Gilded Age, how did Americans generally feel about their society?
They were uncertain and fearful
They felt they were at the forefront of civilization
They were indifferent to progress
They were mostly unhappy
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Multiple Choice
How much wealth did the richest 4,000 families in the U.S. hold compared to the rest of the population?
More than half of the nation's wealth
Equal wealth to the bottom half of families
Nearly the same as the bottom 11.6 million families
Less than the average family
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Multiple Choice
What transformation affected American society thirty years after the Civil War?
Decrease in industrial jobs
Major economic and social changes
Return to a farming economy
Increased regional divisions
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Multiple Choice
Which entrepreneur is highlighted as a symbol of the new American dream during this time?
John D. Rockefeller
Andrew Carnegie
Cornelius Vanderbilt
Henry Ford
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Categorize
Businesses unregulated by government
Strongest entrepreneurs prospered
Businesses become more efficient and profitable
Industries dominated by fewer businesses
Owners exploit consumers and workers
Congress passed the Sherman Antitrust Act
For each category (Cause) list the effects that go with that cause.
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Multiple Choice
Which of the following correctly describes the attitude of business
leaders about government intervention in the industry?
It would benefit the economy.
It would hurt weaker companies.
It would lead to increased profits.
It would destroy individual self-reliance.
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Multiple Choice
Which of the following correctly explains how Andrew Carnegie
improved his manufacturing operation to maximize profits?
He used vertical integration to limit his competition.
He searched for ways to make better products more cheaply.
He used horizontal integration to gain control of his suppliers.
He created holding companies to gain control of other industries.
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Multiple Choice
Which of the following are reasons why the South industrialized
more slowly than the North?
Southern businesses had low transportation costs.
Southern businesses owned most of the railroads.
People in the South lacked capital for investment.
The environment in the South was ideal for industry.
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Open Ended
How did the philosophy of Social Darwinism
justify the doctrine of laissez-faire?
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