Deck 11: Rise of Corporate Capitalism in the United States, 1865-1900

Question 1

Whats defention of terms:
-collusion

Answer 1

a secret agreement between two or more parties, usually for fraudulent, deceitful, or illegal purposes

Question 2

Whats defention of terms:
-grassroots

Answer 2

groups of people organized at the local level rather than organized by traditional or existing power structures

Question 3

Whats defention of terms:
-gross private investment

Answer 3

the total dollar amount of spending for plants, equipment, and other items in one year

Question 4

Whats defention of terms:
-sharecropper

Question 5

Whats defention of terms:
-trust

Question 6

Explain the reasons for the progression from a world of small competitive businesses to a climate controlled by monopolistic giants.
-List and explain three to four reasons for the shift from an agricultural based state to a capitalist one. How did the use of railroads affect national economic growth?

Question 7

Explain the reasons for the progression from a world of small competitive businesses to a climate controlled by monopolistic giants.
-How did the larger size of firms help to increase productivity?

Question 8

Explain the reasons for the progression from a world of small competitive businesses to a climate controlled by monopolistic giants.
-What factors in the economic, social, and political atmosphere were conducive to the formation of monopolies? Give at least three examples from the reading.

Question 9

Identify the questionable behavior of the entrepreneurs of this age and explain how industrial warfare affected the political and social atmosphere.
-Name a few methods used by the robber barons to create monopolies (industrial warfare). How did railroads have an effect on the growth of cities? How did they abuse this power?

Question 10

Identify the questionable behavior of the entrepreneurs of this age and explain how industrial warfare affected the political and social atmosphere.
-Describe the relationship of many of the large banks and the robber barons. Describe the relationship of many of the large banks and the government.

Question 11

Identify the questionable behavior of the entrepreneurs of this age and explain how industrial warfare affected the political and social atmosphere.
-How did government regulation actually help business achieve greater profits? Which group did the Sherman Antitrust act have the biggest effect on? Explain.

Question 12

Identify the questionable behavior of the entrepreneurs of this age and explain how industrial warfare affected the political and social atmosphere.
-Explain how industrial warfare affected the political and social atmosphere of the time.

Question 13

Explain the role of women and African-Americans, conditions for workers, and the environmental impact during this period of time.
-Explain the economic, social, and political situation most African-Americans were in after being freed from slavery.

Question 14

Explain the role of women and African-Americans, conditions for workers, and the environmental impact during this period of time.
-How were worker strikes usually resolved? Through negotiation or other means? Which group in society was behind this?

Question 15

Explain the role of women and African-Americans, conditions for workers, and the environmental impact during this period of time.
-How did women's roles change during this period? Why did this lead to a greater interest in equal rights?

Question 16

Explain the role of women and African-Americans, conditions for workers, and the environmental impact during this period of time.
-Did African-Americans receive any compensation from the government after being freed for their years of oppression? What job(s) were they forced to work in? Name two other minority groups and explain how they were also discriminated against.

Question 17

Explain the role of women and African-Americans, conditions for workers, and the environmental impact during this period of time.
-How did the system of sharecropping inhibit the growth of technology? How did it strip the incentives from both landowners and sharecroppers?

Question 18

Explain the role of women and African-Americans, conditions for workers, and the environmental impact during this period of time.
-How did entrepreneurs treat the environment? Why was there no incentive or government regulation designed to protect it?

Question 19

Describe the changing relationship with Britain during this period and the move toward colonialism.
-Before the late 1800s, what would happen to the U.S. economy if Britain's economy went into a recession?

Question 20

Describe the changing relationship with Britain during this period and the move toward colonialism.
-As the U.S. economy became stronger, what part of the world did it began to exert its influence upon through colonialism?

Question 21

The industrial revolution in the US occurred

A) in the late 18^th century
B) in the late 19^th century
C) in the early 20^th century
D) in the early 19^th century

Question 22

Gross private investment is defined as

A) the total amount spent for plants, equipment and other items in one year.
B) the total accumulated amount spent for plants, equipment, and other items.
C) the total amount spent by individual households on stocks and bonds.
D) the total amount spent for plants, equipment and other items in one year minus depreciation.

Question 23

A corporation is defined as

A) a business enterprise with significant monopoly power.
B) a business enterprise owned by a single individual.
C) a business enterprise owned by the government.
D) a business enterprise with many investors each owning a share of the assets.

Question 24

A common form of organization at the turn of the 20^th century was the "trust." What is a trust?

A) an enterprise owned by many investors, each owning a share of the assets.
B) a single firm that takes over all its competitors and exerts monopoly power in an industry.
C) an arrangement in which stockholders in different corporations assign their shares to a single trustee who then operates as a monopoly.
D) the legal management of personal and financial affairs for a minor child.

Question 25

The term "robber barons" refers to

A) wealthy, powerful and ruthless individuals who managed to dominate a number of industries in the late 19^th century.
B) a group of European aristocrats who formed a notorious gang of thieves in the early 19^th century.
C) a group of spectacular pilots who dominated warfare during World War I.
D) a group of individuals who decide to act on their own to pursue and punish wrongdoers.

Question 26

Three of the most famous robber barons and the industries they dominated are:

A) John D. Rockefeller in oil, Andrew Carnegie in steel, and Cornelius Vanderbilt in railroads.
B) Adam Smith in pin-making, David Ricardo in corn, and Thomas Malthus in book publishing.
C) John D. Rockefeller in philanthropy, Joseph Kennedy in liquor distribution, and Ludwig von Mises in book publishing.
D) John L. Lewis in coal mining, Samuel Gompers in cigar-making, Sidney Hillman in textiles.

Question 27

The first US state to give women the right to vote was

A) Delaware in 1865.
B) Wyoming in 1890.
C) New York in 1902.
D) Massachusetts in 1915.

Question 28

A secret agreement between two or more parties, usually for fraudulent, deceitful or illegal purposes is called

A) collusion.
B) cooperation.
C) connivance.
D) deception.

Question 29

The term, "grassroots" refers to

A) groups of people organized at the local level.
B) groups of people organized via the internet.
C) the part of grass that extends below the soil.
D) a rock and roll band from the early 1970s.

Question 30

The purpose of the Interstate Commerce Commission was to regulate

A) railroads.
B) banking.
C) steel.
D) unions.

Question 31

The Interstate Commerce Commission

A) still exists.
B) was abolished in 1995.
C) was abolished in 1888.
D) was renamed as the Department of Homeland Security.

Question 32

A sharecropper is defined as

A) a farmer who leases his/her land and pays a fixed amount of money per year to the landowner.
B) a farmer who leases his/her land and pays a share of his crop to the landowner as rent.
C) a person who is employed by a farmer and receives his wages in the form of crops.
D) two farmers who agree to work together to produce a single crop on their land.

Question 33

Which amendment to the US Constitution ended slavery?

A) the 4^th amendment.
B) the 13^th amendment.
C) the 19^th amendment.
D) the 25^th amendment.

Question 34

Eduard Bernstein disagreed with Karl Marx and argued for

A) a dramatic, revolutionary change to socialism.
B) a gradual, evolutionary change to socialism.
C) a reform and expansion of capitalism.
D) an outright rejection of socialism.

Question 35

Rosa Luxemburg was a well-known

A) victim of the Holocaust.
B) leader of German Social Democrats in the late 19^th and early 20^th centuries.
C) Duchess and current ruler of the country of Luxemburg.
D) an American, who along with her husband, Julius, were executed for espionage in the early 1950s.