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Industrialization Quiz #3

Quiz by John Frieser

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8 questions
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  • Q1
    In the cartoon, what does the figure of John D. Rockefeller represent?
    Question Image
    small-business owner
    robber baron
    government economist
  • Q2
    The term "robber barons" is used to describe many industrialists of the late 19th century mainly because they
    sought to maximize their profits by eliminating competition and exploiting workers
    attempted to stimulate the economy by keeping the prices of their products as low as possible
    made large charitable donations to worthy causes
    opposed the entry of poor and uneducated immigrants into the United States
  • Q3
    The Rockefeller Foundation, Carnegie Hall, and the Morgan Library illustrate various ways that entrepreneurs and their descendants have
    applied scientific discoveries to industry
    supported philanthropic activities to benefit society
    attempted to undermine the United States economic system
    suppressed the growth of labor unions
  • Q4
    What is philanthropy?
    the study of business organizations
    the desire to promote the welfare of others, expressed especially by the generous donation of money to good causes
    the accumulation of wealth for one's own personal use only
    the study of politics
  • Q5
    What is the main idea of this cartoon?
    Question Image
    The Standard Oil Company was a harmful monopoly.
    Foreign competition in the oil industry was hurting American companies.
    Government regulations were strangling the Standard Oil Company.
    The best way to develop major industries was to form proprietorships.
  • Q6
    Businesses formed trusts, pools, and holding companies mainly to
    offer a wide range of goods and services to consumers
    increase profits by eliminating competition
    protect the interests of workers
    provide employment opportunities for minorities
  • Q7
    The theory of laissez-faire economics was used during the late 1800s to
    justify unregulated business growth
    achieve equal distribution of income
    call for more consumer protection
    support Progressive programs
  • Q8
    In the late 19th century, the ideas of Social Darwinism were used primarily to
    support the growth of new political parties
    urge Congress to end immigration
    encourage the passage of compulsory education laws
    explain the differences in income between the rich and the poor

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