5.08 exam - Google Docs.pdf - How did horizontal...

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How did horizontal integration help businesses? (5 points)Question 1 options:1) It reduced the costs along the supply chain, from mining to transportation to manufacturing.2)It established a company as a monopoly by incorporating all of the competition.3) It assigned one worker to a job, which helped reduce wasted time and accelerate manufacturing.4) It provided quick and easy access to transportation methods, such as canals, rivers, and railways.
Which of the following would be a goal of a company that practiced vertical integration? (5 points)
4) To prevent foreign companies from doing business in the United StatesHow did the government aid the expansion of the railroad industry during the middle and late 19th century?(5 points)
Question refers to the excerpt below.The quote below was written by a prominent figure in 1889:"While the law [of competition] may be sometimes hard for the individual, it is best for the race, because itensures the survival of the fittest in every department. We accept and welcome, therefore, as conditions towhich we must accommodate ourselves, great inequality of environment, the concentration of business,industrial and commercial, in the hands of a few, and the law of competition between these, as being not onlybeneficial, but essential for the future progress of the race."Proponents of the philosophy represented by this quote believed in (5 points)
Which of the following was true about labor movements at the end of the 19th century? (5 points)
Question 5 options:1) They enjoyed vast public support for their cause.2) They had forced the government to pass workplace safety laws.3)They had succeeded in obtaining an eight-hour workday.4) They had successfully organized workers into unions.
Which of the following events damaged public support for the labor union movement during the late 19thcentury? (5 points)
Question refers to the excerpt below.

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Term
Fall
Professor
Peck
Tags
Populist Party, The Gospel of Wealth,

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