WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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“rags to riches”
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“riches to rags”
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“laissez to faire”
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“faire to laissez”
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Detailed explanation-1: -Andrew Carnegie (1835-1919) was one of the most successful businessmen and most recognized philanthropists in history. His entrepreneurial ventures in America’s steel industry earned him millions and he, in turn, made great contributions to social causes such as public libraries, education and international peace.
Detailed explanation-2: -In the 19th century, a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy.
Detailed explanation-3: -Robber barons contributed to great economic and industrial expansion in the U.S. by building financial empires in key industries, such as railroads and steel. With fewer business regulations than there are today, robber barons were able to amass great wealth.
Detailed explanation-4: -From the text “The Coeur d’Alene Miners’ Uprising": How does paragraph 18 contribute to the development of ideas in the text? It shows that violence was a necessary course of action for the miners.