Question

1. which of the following was a criticism of the gilded age industrialists?

a. they lacked business skills
b. they avoided monopolistic practices
c. they contributed too much to charity
d. they exploited workers

1. what is a trust?

a. a form of philanthropy
b. a policy of government regulation
c. a legal entity that prevents monopolies
d. a consolidation of companies under a single board

1. who coined the term \gilded age\?

a. andrew carnegie
b. mark twain
c. john d. rockefeller
d. cornelius vanderbilt

1. what was andrew carnegies major philanthropic contribution?

a. investing in oil
b. public libraries
c. building railroads
d. medical research

1. what was john d. rockefeller known for?

a. railroads
b. the gospel of wealth
c. standard oil
d. steel production

1. which of the following terms describes business leaders who were seen as positive contributors to the economy?

a. union leaders
b. monopolists
c. captains of industry
d. robber barons

1. what did monopolies lead to during the gilded age?

a. lower prices
b. reduced competition
c. increased innovation

Explanation:

1. Gilded Age industrialists were criticized for low wages, long hours, and poor working conditions for workers.
2. A trust is a business structure that merges multiple companies under one governing board to consolidate control.
3. Mark Twain co-wrote The Gilded Age: A Tale of Today, coining the term for the era.
4. Andrew Carnegie funded the construction of thousands of public libraries across the U.S. and globally.
5. John D. Rockefeller built and controlled Standard Oil, a dominant oil monopoly.
6. "Captains of Industry" is the positive term for business leaders credited with economic growth, unlike the negative "Robber Barons".
7. Monopolies eliminated competition by controlling entire industries during the Gilded Age.

Answer:

1. d. They exploited workers
2. d. A consolidation of companies under a single board
3. b. Mark Twain
4. b. Public libraries
5. c. Standard Oil
6. c. Captains of Industry
7. b. Reduced competition