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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suppressed the growth of labor unions
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supported philanthropic activities to benefit society
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applied scientific discoveries to industry
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attempted to undermine the United States economic system
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Detailed explanation-1: -What types of institutions did Carnegie, Rockefeller, and other tycoons create through philanthropic efforts? Carnegie, Rockefeller, and other tycoons created universities such as Temple University, Stanford University, and Vanderbilt University libraries; and other cultural institutions.
Detailed explanation-2: -What did Andrew Carnegie, Gustavus Swift, and John D. Rockefeller have in common? They succeeded through vertical integration. Which of the following describes vertically integrated corporations?
Detailed explanation-3: -A free enterprise system identifies an economy in which there is no objection to individual ownership of property.
Detailed explanation-4: -Carnegie worked in a Pittsburgh cotton factory . While working for the railroad, he invested in various ventures, including iron and oil companies, and made his first fortune by the time he was in his early 30s.