- The original trust, formed by Standard Oil's chief counsel, was designed to avoid what?workplace safety regulationsunionizationmulti-state taxesviolating state laws
- What benefits were available to workers who were injured on the job?- The government offered financial support for injured workers.- Employers provided generous compensation for injured workers.- Injured workers received nothing from employers or the government.- Most injured workers were covered by private health insurance.
- By manufacturing goods as well as finding ways to sell those goods directly to consumers, firms such as Swift and Company and the Singer Sewing Machine Company were successful practitioners of ______ growth.
- Effective influence over what other industry was key to helping Rockefeller greatly expand his oil empire?international shippingrefineriesgas stationsrailroads
- The nineteenth-century invention known as a ______ is a corporation of corporations that had the power to hold shares of other companies and was used to lucrative success by J. Pierpont Morgan.sub-S corporationlimited liability partnershipholding companylimited liability corporation
- Which of the following did the U.S. government do to help the growth of the railroads?- recruited foreign investors to help finance the railroad companies- purchased stock in many different railroad companies- seized land owned by people living near the ends of rail lines- provided land and millions of dollars in loans to railroad companies
- Frederick W. Taylor made his greatest contribution to the new industrial system as ______.- a lawyer who fought trusts- a union leader who organized industrial workers- a financier who created new ways to raise capital- an efficiency expert who helped factory managers
- Most immigrants rejected the Socialist Labor Party because it ______.lacked strong leadershipwas too radicalattracted intellectualswas synonymous with capitalism
- Between 1865 and 1920, U.S. cities saw an influx of about 11 million migrants from ______ _______.
- The author of the book Progress and Poverty was ______.Henry GeorgeEdward BellamyHerbert SpencerWilliam Graham Sumner
- How did the Supreme Court ruling in United States v. E. C. Knight Co. affect the Sherman Antitrust Act?- It did not really affect Sherman, since the act had never been used against a corporation.- It severely restricted Sherman.- It declared Sherman unconstitutional.- It gave Sherman "teeth" to prosecute offenders.
- In which of the following ways did investment bankers change the railroad industry?- They often came to actually control railroads.- Operations became more decentralized.- They often served as "receivers" when the financial health of a railroad suffered.- Competition was reduced.
- Carnegie's building of the largest steel mill in the world was sparked when ______.- he observed the Bessemer process- he grasped the full potential of vertical integration- architects were finally able to successfully design suspension bridges- he realized that retaining skilled workers was industry's biggest obstacle
- In his book Looking Backward, _______ _______ envisioned a utopian society where people put the needs of the many above the interests of the few.
- Why did pooling among railroad companies fail?Companies refused to participate.The agreements were too vague.It lacked the force of law.Smaller companies went bankrupt.
- The first billion-dollar corporation in the United States, U.S. Steel, was created through ______.deregulationtrustsregulationmergers
- In the late nineteenth century, rival railroads offered ______.- deep discounts for small shippers- fair and equitable rates- higher rates in order to raise revenues- lower rates in order to undercut competitors
- In what industry did Andrew Carnegie build an empire?steelfinanceautomobileoil
- Which organization was led by Daniel De Leon?American Railway UnionSocialist Labor PartySocialist Party of America"Single Tax" Club
- Who was a strong advocate of the "gospel of wealth"?J. Pierpont MorganWilliam Graham SumnerJohn D. RockefellerAndrew Carnegie