WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
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Businesses avoided corruption by following their own codes of ethics.
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Many American industries, such as railroads, steel and oil, achieved rapid growth
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Business owners helped pay for many of the expenses of government
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Businesses were motivated to provide good pay and fair working conditions to their employees
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Detailed explanation-1: -Which of the following was a benefit of the laissez-faire policies practiced by state and federal governments during the Gilded Age? Businesses avoided corruption by following their own codes of ethics.
Detailed explanation-2: -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.
Detailed explanation-3: -In the Gilded Age of the late 19th and early 20th centuries, the American government’s laissez-faire approach to economic oversight led to the development of monopolies and the Industrial Revolution.
Detailed explanation-4: -Entrepreneurs fueled industrialization in the late 1800s. They benefited from laissez-faire policies, which allowed businesses to work under minimal government regulation.
Detailed explanation-5: -Which of the following was a disadvantage of the laissez faire policies practiced by state and federal governments during the Gilded Age? Business owners were frequently forced to give in to unreasonable union demands.