Chapter16 - Capital & Labor

1. 2. 3. 4. 5. 6. Ch.16- Capital & Labor Quiz Review Taylorism attempted to use scientific principles to better handle which aspect of business? a. Marketing b. Management c. Accounting d. Industrial Production What most directly explains the boost in the production of McCormick reapers? a. The turn to skilled labor b. Increased international demand c. The adoption of Interchangeable parts d. Government loans By 1913, the United States produced one-third of the world’s industrial output. This was more than _______. a. Britain b. France c. Germany d. All Of The Above A wave of mergers peaked between 1897 and 1904. The largest of these mergers created the first billion dollars American Corporation. What was that Corporation? a. United States Steel b. Standard Oil c. General Electric d. American Tobacco By 1900, the richest ten percent controlled perhaps __________ percent of the nation’s wealth. a. 50% b. 66% c. 75% d. 90% Which of the following most accurately describes the arguments of Social Darwinism? a. State welfare and private charity would lead to degeneration by perpetuating the survival of the weak. b. Religion was a force of weakness that modern society will inevitably eradicate. c. Scientific ideas are the only source of true knowledge, therefore theories are just as valuable as facts. d. Inequalities in wealth would lead to social unrest and eventual revolution. 7. Which of the following groups was most radical? a. Knights of Labor b. American Federation of Labor c. Congress of Industrial Organizations d. United Auto Workers Union 8. Which of the following events most seriously damaged the Knights of Labor? a. Great Railroad Strike of 1877 b. Haymarket Affair c. Election of Rutherford B.Hayes d. Strike against Jay Gould’s railroad lines 9. Which group founded the People’s Party (Also known as the Populist)? a. Small farmers in the South, Midwest, and Great Plains b. Northeastern union laborers c. Asian immigrants d. African Americans in northern cities 10. The final two decades of the nineteenth century saw over ______ strikes and lockouts. a. 500 b. 1,200 c. 8,000 d. 20,000 11. What did the Populists propose in the Omaha Platform? a. Nationalizing the country’s railroad and telegraph system to ensure that essential services would be run in the best interest of the people. b. Establishment of a network of federally-managed warehouses called subtreasuries which would expand government loans to farmers. c. Promoted an inflationary monetary policy by monetizing silver d. All The Above 12. Why were Southerners unable to maintain unity in the People’s Party? a. Lack of Coordination b. Economic depression c. Racial Conflict d. The ideological conflict between leaders of the party 13. Why did William Jennings Bryan attack the Gold Standard? a. He owned a controlling interest in a silver mining firm. b. He wanted to decrease inflation to stabilize the economy. c. He wanted to increase inflation to lower the burden of farmer debts. d. He believed that the Gold Standard was inhibiting American exports. 14. Which of the following factors contributed to William McKinley’s victory over William Jennings Bryan in the 1896 election? a. McKinley had greater support in the population dense northeast. b. McKinley was able to spend five times more than Bryan on the campaign. c. Bryan’s campaign was unable to generate the high voter turnout in areas of their support. d. All of the above. 15. The Socialist Party of America achieved which of the following gains in the early twentieth century? a. Elected over 1000 candidates to American political offices. b. Gained over 150,000 registered members c. Garnered nearly one million votes for Socialist Party presidential candidate Eugene Debs in 1912 d. All Of The Above.