Industry Comes of Age, 1865–1900

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Chapter 24. Industry Comes of Age, 1865–1900. Question. In the case of Wabash et. al. v. Illinois , the Supreme Court decreed that individual states had no power to regulate interstate commerce. prohibited rebates and pools and required the railroads to publish their rates openly. - PowerPoint PPT Presentation

Text of Industry Comes of Age, 1865–1900

  • Industry Comes of Age, 18651900Chapter 24

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionIn the case of Wabash et. al. v. Illinois, the Supreme Court decreed that individual states had no power to regulate interstate commerce.prohibited rebates and pools and required the railroads to publish their rates openly.forbade unfair discrimination against shippers and outlawed charging more for a short haul.set up the Interstate Commerce Commission (ICC) to administer and enforce the new legislation.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerIn the case of Wabash et. al. v. Illinois, the Supreme Court decreed that individual states had no power to regulate interstate commerce. (correct)prohibited rebates and pools and required the railroads to publish their rates openly.forbade unfair discrimination against shippers and outlawed charging more for a short haul.set up the Interstate Commerce Commission (ICC) to administer and enforce the new legislation.Hint: See page 573.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionThe Interstate Commerce Act did all of the following EXCEPTprohibited rebates and pools and required the railroads to publish their rates openly.forbade unfair discrimination against shippers and outlawed charging more for a short haul.set up the Interstate Commerce Commission (ICC) to administer and enforce the new legislation.decreed that individual states had no power to regulate interstate commerce.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerThe Interstate Commerce Act did all of the following EXCEPTprohibited rebates and pools and required the railroads to publish their rates openly.forbade unfair discrimination against shippers and outlawed charging more for a short haul.set up the Interstate Commerce Commission (ICC) to administer and enforce the new legislation.decreed that individual states had no power to regulate interstate commerce. (correct)Hint: See page 573.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following were true of Vertical integration EXCEPT Carnegieintegrated every phase of his steel-making operation.bought up all competitors in the steel industry to virtually monopolize the market.improved efficiency by making supplies more reliable, controlling product quality at all stages of production, and eliminating middlemens fees.combined into one organization all phases of manufacturing from mining to marketing.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following were true of Vertical integration EXCEPT Carnegieintegrated every phase of his steel-making operation.bought up all competitors in the steel industry to virtually monopolize the market. (correct)improved efficiency by making supplies more reliable, controlling product quality at all stages of production, and eliminating middlemens fees.combined into one organization all phases of manufacturing from mining to marketing.Hint: See page 575.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following were true of the American Federation of Labor EXCEPTit was a federation of exclusively skilled craft unions.it accepted the framework of American capitalism.Gomperss conservative strategy eventually carried the day over the utopian dream of the Knights of Labor.it consisted of an association of national union, which sacrificed their autonomy by sublimating themselves to the AF of L.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following were true of the American Federation of Labor EXCEPTit was a federation of exclusively skilled craft unions.it accepted the framework of American capitalism.Gomperss conservative strategy eventually carried the day over the utopian dream of the Knights of Labor.it consisted of an association of national union, which sacrificed their autonomy by sublimating themselves to the AF of L. (correct)Hint: See page 589.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionHorizontal integration meant all of the following EXCEPTcombining into one organization all phases of manufacturing.perfecting the trust a device for controlling bothersome rivals.allying with competitors to monopolize a given market.consolidating and concerting the operations of previously competing enterprises.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerHorizontal integration meant all of the following EXCEPTcombining into one organization all phases of manufacturing. (correct)perfecting the trust a device for controlling bothersome rivals.allying with competitors to monopolize a given market. consolidating and concerting the operations of previously competing enterprises.Hint: See page 575.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following were true of the Standard Oil Company EXCEPTit cornered virtually the entire world petroleum market.weaker competitors, left out of the trust agreement, were forced to the wall.Rockefellers stunning success inspired many imitators.it created government-mandated standard pricing, quality control, and delivery mechanisms.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following were true of the Standard Oil Company EXCEPTit cornered virtually the entire world petroleum market.weaker competitors, left out of the trust agreement, were forced to the wall.Rockefellers stunning success inspired many imitators.it created government-mandated standard pricing, quality control, and delivery mechanisms. (correct)Hint: See page 575.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following were true of beliefs of Social Darwinism EXCEPTpeople gained wealth by survival of the fittest.the wealthy had simply won a natural competition and owed nothing to the poor.service to the poor would interfere with this organic process.The man who dies thus rich dies disgraced.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following were true of beliefs of Social Darwinism EXCEPTpeople gained wealth by survival of the fittest.the wealthy had simply won a natural competition and owed nothing to the poor.service to the poor would interfere with this organic process.The man who dies thus rich dies disgraced. (correct)Hint: See pages 579580.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following were true of the Sherman Anti-Trust Act EXCEPT itforbade combinations in restraint of trade.made distinctions between good trusts and bad trusts.contained legal loopholes through which clever corporation lawyers could wriggle.was used to curb labor unions or labor combinations that were deemed to be restraining trade.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following were true of the Sherman Anti-Trust Act EXCEPT itforbade combinations in restraint of trade.made distinctions between good trusts and bad trusts. (correct)contained legal loopholes through which clever corporation lawyers could wriggle.was used to curb labor unions or labor combinations that were deemed to be restraining trade.Hint: See pages 580581.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following are true of Haymarket Square EXCEPTthe Chicago police advanced on a meeting called to protest alleged brutalities by the authorities.a dynamite bomb was thrown that killed or injured several dozen people, including police.the judge and jury held that since the arrested anarchists had preached incendiary doctrines, they could be charged with conspiracy.Governor Altgeld refused to pardon the three surviving anarchists who were not executed.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following are true of Haymarket Square EXCEPTthe Chicago police advanced on a meeting called to protest alleged brutalities by the authorities.a dynamite bomb was thrown that killed or injured several dozen people, including police.the judge and jury held that since the arrested anarchists had preached incendiary doctrines, they could be charged with conspiracy.Governor Altgeld refused to pardon the three surviving anarchists who were not executed. (correct)Hint: See page 589.

    24 | *Copyright Cengage Learning. All rights reserved.

    QuestionAll of the following were true of the Knights of Labor EXCEPTit was a loose-knit organization of nearly 1,000,000 working people.they rejected membership from female members.they preached tolerance and the solidarity of all working men. they championed the Contract Labor Law of 1885, which aimed to restrain competition from low-wage immigrant workers.

    24 | *Copyright Cengage Learning. All rights reserved.

    AnswerAll of the following were true of the Knights of Labor EXCEPTit was a loose-knit organization of nearly 1,000,000 working people.they rejected membership from female members. (correct)they preached tolerance and the solidarity of all working men. they championed the Contract Labor Law of 1885, which aimed to restrain competition from low-wage immigrant workers.Hint: See page 590.