Question 1

In 1890, Congress tried to restore competition by outlawing the restraint of interstate trade by corporate monopolies with the ________ Act.

Accepted Answer

A)   Sherman Antitrust
B)   Granger
C)   Northern Securities
D)   Hepburn

Question 2

Describe the main trends and events in the late-nineteenth-century labor movement. Evaluate the implications of their results for American society.

Accepted Answer

The late-nineteenth-century labor moveme...

Question 3

Samuel Gompers was the leader of the Knights of Labor during their rapid growth and decline.

Accepted Answer

A) True 
 B)False

Question 4

Andrew Carnegie believed that great wealth should be used to create an economic family and political dynasty.

Accepted Answer

A) True 
 B)False

Question 5

The dramatic labor troubles of 1877 were

Accepted Answer

A)   centered in Pennsylvania's coal fields.
B)   the result of significant gains in prosperity for business.
C)   more violent and destructive than any previous strike in America.
D)   the work of foreign labor agitators.

Question 6

In the 25 years after the Civil War, railroads

Accepted Answer

A)   were the most corrupt business organizations in the United States.
B)   spent most of their energies in building transcontinental lines.
C)   barely kept pace with industrial advances.
D)   were probably the most significant element in American economic development.

Question 7

The creation of the Interstate Commerce Commission in 1887

Accepted Answer

A)   provided immediate relief for the farmer.
B)   challenged the philosophy of laissez-faire.
C)   was exactly what the railroads desired.
D)   failed so dramatically that the government abandoned this tactic.

Question 8

The Homestead strike of 1892 was a violent defeat for the steelworkers by the forces of Andrew Carnegie.

Accepted Answer

A) True 
 B)False

Question 9

The Sherman Antitrust Act was drastically limited by the Supreme Court in

Accepted Answer

A)   the Wabash Case.
B)   Munn v. Illinois.
C)   Reagan v. Farmers' Loan & Trust Company.
D)   United States v. E. C. Knight Company.

Question 10

When J. P. Morgan assembled United States Steel, he

Accepted Answer

A)   was blocked by the Sherman Antitrust Act.
B)   reversed his earlier commitment to decentralization.
C)   was sued under the Interstate Commerce Act.
D)   formed the first billion-dollar corporation.

Question 11

What was the relationship between competition and monopoly in American industry during the post-Civil War era?

Accepted Answer

A)   inflation combined with fierce competition to cause expansion to lead to concentration
B)   deflation combined with fierce competition to cause expansion to lead to decreased concentration
C)   inflation combined with an absence of competition to cause expansion to lead to a decreasing concentration
D)   deflation combined with fierce competition to cause expansion to lead to concentration

Question 12

The federal regulatory board, established in 1887 by Congress to supervise the affairs of railroads, investigate complaints, and issue "cease and desist" orders against railroads acting illegally, was the

Accepted Answer

A)   Federal Railroad Commission.
B)   Interstate Commerce Commission.
C)   Federal Transportation Board.
D)   General Services Administration.

Question 13

The first giant corporations, capitalized in the hundreds of millions of dollars, were

Accepted Answer

A)   oil refineries.
B)   steel corporations.
C)   telegraph and telephone systems.
D)   interregional railroad systems.

Question 14

Technological changes in the petroleum industry in the late nineteenth century

Accepted Answer

A)   were retarded by the monopolistic control exerted by John D. Rockefeller.
B)   had little impact compared to those in iron and steel.
C)   occurred rapidly and put a premium on refining efficiency.
D)   were slow in coming because there was a limited consumer demand for petroleum products.

Question 15

The novelist who described America evolving into an ideal socialist state was

Accepted Answer

A)   Henry George.
B)   Henry Demarest Lloyd.
C)   Richard T. Ely.
D)   Edward Bellamy.

Question 16

John D. Rockefeller's success was due primarily to his

Accepted Answer

A)   vast knowledge of petroleum technology.
B)   refusal to compete unfairly.
C)   perfection of the modern, moving assembly line.
D)   bold planning and risk-taking.

Question 17

The text argues that Americans responded to the dramatic growth of big business in the late nineteenth century with a mixture of fear and greed. Evaluate the evidence used to support the argument. Explain the specific measures the government took in response to that mixture of fear and greed.

Accepted Answer

The evidence used to support the argumen...

Question 18

Which of the following interests of Alexander Graham Bell's led to the invention of the telephone?

Accepted Answer

A)   deaf education
B)   petroleum manufacturing
C)   music and recording
D)   electric lights

Question 19

As a result of the ________, membership in the Knights of Labor declined quickly because the public associated unions with violence and radicalism.

Accepted Answer

A)   Homestead steel strike
B)   Haymarket Square riot
C)   Cigarmakers Union strike
D)   Pullman strike

Question 20

"Doubtless the power to control the manufacture of a given thing involves, in a certain sense, the control of its disposition... the exercise of that power may result in bringing the operation of commerce into play, it does not control it, and affects it only incidentally and indirectly." The source of this quote is

Accepted Answer

A)   Munn v. Illinois.
B)   the Sherman Antitrust Act.
C)   United States v. E. C. Knight Company.
D)   the Interstate Commerce Act.

Exam 17: An Industrial Giant Emerges

In 1890, Congress tried to restore competition by outlawing the restraint of interstate trade by corporate monopolies with the ________ Act.

Correct Answer
verified

The Homestead strike of 1892 was a violent defeat for the steelworkers by the forces of Andrew Carnegie.

Correct Answer
verified

In the 25 years after the Civil War, railroads

Correct Answer
verified

The dramatic labor troubles of 1877 were

Correct Answer
verified

As a result of the ________, membership in the Knights of Labor declined quickly because the public associated unions with violence and radicalism.

Correct Answer
verified

The Sherman Antitrust Act was drastically limited by the Supreme Court in

Correct Answer
verified

John D. Rockefeller's success was due primarily to his

Correct Answer
verified

Andrew Carnegie believed that great wealth should be used to create an economic family and political dynasty.

Correct Answer
verified

What was the relationship between competition and monopoly in American industry during the post-Civil War era?

Correct Answer
verified

The text argues that Americans responded to the dramatic growth of big business in the late nineteenth century with a mixture of fear and greed. Evaluate the evidence used to support the argument. Explain the specific measures the government took in response to that mixture of fear and greed.

Correct Answer
Answered by ExamLex AI
The evidence used to support the argumen...
View Answer

Technological changes in the petroleum industry in the late nineteenth century

Correct Answer
verified

Correct Answer
verified

The novelist who described America evolving into an ideal socialist state was

Correct Answer
verified

The creation of the Interstate Commerce Commission in 1887

Correct Answer
verified

Which of the following interests of Alexander Graham Bell's led to the invention of the telephone?

Correct Answer
verified

Samuel Gompers was the leader of the Knights of Labor during their rapid growth and decline.

Correct Answer
verified

The first giant corporations, capitalized in the hundreds of millions of dollars, were

Correct Answer
verified

Describe the main trends and events in the late-nineteenth-century labor movement. Evaluate the implications of their results for American society.

Correct Answer
Answered by ExamLex AI
The late-nineteenth-century labor moveme...
View Answer

The federal regulatory board, established in 1887 by Congress to supervise the affairs of railroads, investigate complaints, and issue "cease and desist" orders against railroads acting illegally, was the

Correct Answer
verified

When J. P. Morgan assembled United States Steel, he

Correct Answer
verified

Exam 17: An Industrial Giant Emerges

In 1890, Congress tried to restore competition by outlawing the restraint of interstate trade by corporate monopolies with the ________ Act.

Correct AnswerverifiedShow Answer

The Homestead strike of 1892 was a violent defeat for the steelworkers by the forces of Andrew Carnegie.

Correct AnswerverifiedShow Answer

In the 25 years after the Civil War, railroads

Correct AnswerverifiedShow Answer

The dramatic labor troubles of 1877 were

Correct AnswerverifiedShow Answer

As a result of the ________, membership in the Knights of Labor declined quickly because the public associated unions with violence and radicalism.

Correct AnswerverifiedShow Answer

The Sherman Antitrust Act was drastically limited by the Supreme Court in

Correct AnswerverifiedShow Answer

John D. Rockefeller's success was due primarily to his

Correct AnswerverifiedShow Answer

Andrew Carnegie believed that great wealth should be used to create an economic family and political dynasty.

Correct AnswerverifiedShow Answer

What was the relationship between competition and monopoly in American industry during the post-Civil War era?

Correct AnswerverifiedShow Answer

The text argues that Americans responded to the dramatic growth of big business in the late nineteenth century with a mixture of fear and greed. Evaluate the evidence used to support the argument. Explain the specific measures the government took in response to that mixture of fear and greed.

Correct AnswerAnswered by ExamLex AIThe evidence used to support the argumen...View AnswerShow Answer

Technological changes in the petroleum industry in the late nineteenth century

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The novelist who described America evolving into an ideal socialist state was

Correct AnswerverifiedShow Answer

The creation of the Interstate Commerce Commission in 1887

Correct AnswerverifiedShow Answer

Which of the following interests of Alexander Graham Bell's led to the invention of the telephone?

Correct AnswerverifiedShow Answer

Samuel Gompers was the leader of the Knights of Labor during their rapid growth and decline.

Correct AnswerverifiedShow Answer

The first giant corporations, capitalized in the hundreds of millions of dollars, were

Correct AnswerverifiedShow Answer

Describe the main trends and events in the late-nineteenth-century labor movement. Evaluate the implications of their results for American society.

Correct AnswerAnswered by ExamLex AIThe late-nineteenth-century labor moveme...View AnswerShow Answer

The federal regulatory board, established in 1887 by Congress to supervise the affairs of railroads, investigate complaints, and issue "cease and desist" orders against railroads acting illegally, was the

Correct AnswerverifiedShow Answer

When J. P. Morgan assembled United States Steel, he

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The evidence used to support the argumen...
View Answer

Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
Answered by ExamLex AI
The late-nineteenth-century labor moveme...
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Correct Answer
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