Unit 2 - Day 1: Gilded Age - Rise of Big Business
Presentation
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Social Studies
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11th Grade
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Practice Problem
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Easy
Rena Raines
Used 13+ times
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12 Slides • 13 Questions
1
2
Multiple Choice
Why was the Gilded Age significant for the development of big business in the United States?
It marked the beginning of the Civil War
It was a period of rapid industrial growth and innovation
It was a time when agriculture dominated the economy
It was a period of economic decline
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4
Multiple Choice
How did industrialization change the U.S. economy after the Civil War?
The U.S. economy changed from agrarian to industrial.
5
6
7
Multiple Choice
Which of the following best describes the purpose of mass production in the American economy?
To make goods faster and cheaper using machines
To replace corporations with small businesses
To reduce the number of workers in factories
To increase government regulation of factories
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9
Multiple Choice
Which of the following was NOT a key industrialists during the rise of American industry?
Thomas Edison
Henry Ford
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11
Match
Match the following
Horizontal Integration
Vertical Integration
Match this one
John D. Rockefeller
Andre Carnegie
With this one
John D. Rockefeller
Andre Carnegie
With this one
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13
Multiple Choice
Name of the US's first law passed to take on monopolies?
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15
Multiple Choice
The Bessemer Process revolutionized the production of ___ by making it quicker and cheaper.
16
Match
Match the following people to their invention or innovation
Thomas Edison
Alexander Graham Bell
Andrew Carnegie
Light Bulb/Electricity
Telephone
Bessemer Process
Light Bulb/Electricity
Telephone
Bessemer Process
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18
Match
Match the following
Social Darwinism
Social Gospel
Gospel of Wealth
Natural selection applied to society
A movement to improve society through Christian ethics
Philanthropy as a moral obligation of the wealthy
Natural selection applied to society
A movement to improve society through Christian ethics
Philanthropy as a moral obligation of the wealthy
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20
Multiple Choice
Which best explains the EFFECT of Inventions + Laissez-faire + Mass production
Big business rise, monopolies, worker exploitation
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23
Multiple Choice
Explain how laissez-faire economics contributed to the growth of monopolies and worker exploitation in the late 19th century.
Laissez-faire economics contributed to monopolies and worker exploitation
24
Multiple Choice
What is the main difference between horizontal integration and vertical integration as business strategies?
Horizontal integration involves buying out competitors; vertical integration involves controlling all parts of production.
Horizontal integration involves controlling all parts of production; vertical integration involves buying out competitors.
Both involve government regulation of businesses.
Both are strategies to increase government ownership of companies.
25
Multiple Choice
The Sherman Antitrust Act was the first federal law to limit ___ and promote fair competition.
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