True or False Chapter 17 Self-Quiz 2

s3e_TF 17.2

. Compared to Pittsburgh in the late 19th century, the English mining city of Sheffield appeared like a resort town.

. The modern corporation was pioneered by the railroads.

. One of the reasons the United States' rose to become the world's leading industrial nation was its abundance of natural resources.

. Laissez-faire economic doctrine called for limited government regulation of businesses.

. The creation of America's commercial empire in the later 19th century preceded that of its political empire.

. The Wall Street crash of 1873 led to the failure of one of the nation's most reputable investment firms Jay Cooke and Company.

. Farmers in Gilded Age America felt "squeezed" not only by banks but by railroads as well.

. The Japanese Mexican Labor Association in Southern California eventually collapsed because the American Federation of Labor refused to charter the organization because of its Chinese members.

. The increased output of midwestern wheat farms in the 1880s and 1890s resulted in falling priced and increasing hardship for farmers.

. In "The Gospel of Wealth" steel magnate Andrew Carnegie argued the wealthy men had to be charitable to repay for their sin of personal enrichment.

Back to top