WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
ROBBER BARONS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Captain of Industry
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Robber Baron
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Either A or B
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None of the above
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Detailed explanation-1: -After his retirement, Andrew Carnegie donated most of his money (over $350 million) to establish libraries, schools, and universities, as well as a pension fund for former employees.
Detailed explanation-2: -How did Morgan achieve his stunning reorganization and consolidation of businesses in the late nineteenth century? He sometimes formed a community of interest comprised of a handful of directors. it created a surplus that was not used to produce goods and services.
Detailed explanation-3: -What was the major advantage of Westinghouse’s “alternating current” power invention? It was less prone to fire.
Detailed explanation-4: -From the French for “let them do [what they will], ” proponents of laissez-faire policies, known as liberals, believed that the free market would naturally produce the best and most efficient solutions to economic and social problems.