1. Industrialization and Urbanization

2. CitiesLazyFairsYepCows 10 20 30 40 50

3. Question 1 - 10 Laissez-faire relies on what to regulate prices and wages?

4. Answer 1 – 10 Supply and demand

5. Question 1 - 20 During the early days of industrialization, many members of Congress believed that tariffs were necessary to?

6. Answer 1 – 20 Protect American industries from foreign competition

7. Question 1 - 30 “Economies of Scale” refers to a companies ability to do what?

8. Answer 1 – 30 Lower costs and increase production

9. Question 1 - 40 A steel company that owns the coal mines, limestone quarries, and iron ore fields it depends on is an example of?

10. Answer 1 – 40 Vertical Integration

11. Question 1 - 50 In the late 1800’s, confusion about deflation led to angry workers because?

12. Answer 1 – 50 Workers were getting paid less but they didn’t realize that their money was worth more because of lower prices

13. Question 2 - 10 Supporters of pure laissez-faire believed the government should interfere in the economy only to?

14. Answer 2 – 10 Protect property rights and maintain peace

15. Question 2 - 20 It made sense for big corporations to continue operating during poor economic times because?

16. Answer 2 – 20 Their operating costs were small, compared to their fixed costs

17. Question 2 - 30 When a single company achieves control of an entire market, it is known as?

18. Answer 2 – 30 A Monopoly

19. Question 2 - 40 What was the technique for breaking a union in which the company refused to allow workers to enter their property?

20. Answer 2 – 40 Lockouts

21. Question 2 - 50 By the 1800’s, more than half of all immigrants (the “New Immigrants”) in the United States were from?

22. Answer 2 – 50 Eastern and Southern Europe

23. Question 3 - 10 Many labor unions opposed immigration, arguing that immigrants would?

24. Answer 3 – 10 Would work for low wages and take jobs

25. Question 3 - 20 William M. Tweed was?

26. Answer 3 – 20 The party boss of the Tammany Hall political machine

27. Question 3 - 30 What was the philosophy that Americans with a great deal of money should use it to help people who are motivated to improve their lives?

28. Answer 3 – 30 Gospel of Wealth

29. Question 3 - 40 Nativists wanted to?

30. Answer 3 – 40 Limit or cut off immigration

31. Question 3 - 50 Subway systems were first developed to?

32. Answer 3 – 50 Relieve congestion on city streets

33. Question 4 - 10 Political machines provided new city dwellers with necessities such as jobs, housing and police protection in exchange for?

34. Answer 4 – 10 Votes

35. Question 4 - 20 Individualism was the belief that?

36. Answer 4 – 20 People can rise as far as their talents will take them and be successful

37. Question 4 - 30 What philosophy stated that society became stronger by allowing people and businesses to fail, therefore the government/society shouldn’t help failing businesses or people in poverty?

38. Answer 4 – 30 Social Darwinism

39. Question 4 - 40 The total value of all goods and services that a country produces is its?

40. Answer 4 – 40 Gross National Product

41. Question 4 - 50 What is the purpose of starting a corporation instead of a private business?

42. Answer 4 – 50 Allows companies to raise large amounts of capital while spreading out the financial risk among many stock holders.

43. Question 5 - 10 What advantages did big corporations have over small businesses?

44. Answer 5 – 10 They could produce more goods, cheaply and efficiently

45. Question 5 - 20 When a union called a strike, employers would often hire replacements, called?

46. Answer 5 – 20 Strikebreakers

47. Question 5 - 30 Employers generally viewed unions as?

48. Answer 5 – 30 An attempt to interfere with production and illegal

49. Question 5 - 40 The Knights of Labor suffered a steady decline in membership and influence due to unsuccessful strikes and?

50. Answer 5 – 40 Violence associated with unions

51. Question 5 - 50 John D. Rockefeller made his fortune in what industry?

52. Answer 5 – 50 Oil