USA HISTORY

WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900

AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Critics of the Gilded Age argued that big business leaders unfairly reduced competition IN THE MARKET by:
A
Creating monopolies
B
Paying low wages & hiring unskilled workers
C
Investing heavily in machinary
D
Donating to political campaigns.
Explanation: 

Detailed explanation-1: -Big business manipulated markets to maximize profits, formed corporations to avoid losses, created monopolies and cartels, and used vertical integration to control markets and eliminate competitors. These tactics often favored national businesses to the detriment of the local, family-owned businesses.

Detailed explanation-2: -The defining characteristics in the gilded age included individualism, urbanization, new values, art, and forms of entertainment. The Gilded Age refers to the era of rapid economic and population growth in the United States during the post? Civil War and post-Reconstruction eras of the late 19th century.

Detailed explanation-3: -Terms in this set (3) *Social issues of the Gilded Age include: *Assimilation for both immigrants and Native Americans was expected by “nativists". Native Americans were often forced off their lands and away from their culture against their will. *Chinese immigrants faced discrimination in education, housing, and jobs.

Detailed explanation-4: -Which was an important benefit of the laissez-faire policies of the federal government in the late nineteenth century? American entrepreneurs were able to invest in their businesses with little government interference. American businesses were able to avoid the ups and downs of the business cycle.

There is 1 question to complete.