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This court case was based on laws that were intended to limit the power of big business
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Promoted the idea that stronger businesses would succeed at the expense of weaker businesses
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Big Business/Industr
Unit 6
| Question | Answer |
|---|---|
| This court case was based on laws that were intended to limit the power of big business | Wabash, St. Louis & Pacific R.R. v. Illinois (1886) |
| Promoted the idea that stronger businesses would succeed at the expense of weaker businesses | Social Darwinism |
| Leaders of big business gave greatest support to the passage of | higher tariff rates |
| A company that controls or dominates and industry | monopoly |
| Most strikes by unions were unsuccessful because govermnet usually supported | business |
| One factor that furthered industrialization in the US between 1865 adn 1900 was the | epansion of railroads |
| The purpose of forming this is to allow for greater accumulation of investment capital | corporation |
| The purpose of this was to restict the growth of monopolies | Sherman Antitrust Act of 1890 |
| The Federal Government helped the transcontinental railroad companies by providing | free land |
| Term used to describe industrialists who sought to eliminate competition and exploiting workers | robber barons |
| A system where investments and profits are controlled by individuals | free-enterprise economic system |
| Corporations such as Standard Oil, AT&T, and Microsoft were prosecuted for violating | antitrust laws |
| What was the major ecomomic trend of business from 1865 to 1900? | to eliminated competition |
| Businesses formed trusts, pools, and holding companies to increase profits by | eliminating competition |
| Railroad strikes, the Haymarket Affair, and the Pullman strike showed that labor unions were willing to use ____ to achieve their goals | force |
| Two philosophies that dominated teh thinking of political and business leaders during the late 19th century in the US | Social Darwinism adn Laissez Faire |
| The basic economic goal of labor unions in the late 19th century was to achieve | a shorter workday and higher wages |
| A major population trend in the late 1800's was the movement of people from | farms to cities |
| The main purpose of antitrust legislation passed by Congress was to | restore competition |
Created by:
jmergenhagen
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