Answers MCPSS AL-Grade 6 United States Studies The Industrial Revolution to the Present - Summer School 2026Reforming Business and Industry in the Progressive Era

Reforming Business and Industry in the Progressive Era Answers

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According to Smith, how does competition in an industry directly benefit the public?

The public will see lower prices as companies compete for customers.

The public will see greater profits from the sale of the products.

The public will have fewer choices when they are purchasing products.

The public will be guaranteed to find one business that makes the product correctly.

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trust✔ monopolyregulation

Answers:

The US Oil Company could be seen as a because all smaller refineries send their oil to it.:monopoly

If the delivery wagons failed to do their job, it would directly affect .:oil refineries

If one of the independent oil refineries stopped producing oil, the US Oil Company would .:get oil from the other refineries

A meat-industry company could its profits by owning businesses that perform all functions at all levels of production.:increase

trustunion✔ monopoly

Answers:

A occurs when there is only one company that sells a product in a given market.:monopoly

When competitors agree to sell a product for the same price instead of competing, this is called a .:trust

Both monopolies and trusts reduce , which results in increased for consumers.:competition

Both monopolies and trusts reduce , which results in increased for consumers.:prices

✔ $5,000$1,000,000three years in jail

Answers:

At the time that the law was passed, the maximum fine for an individual that attempts to monopolize was .:$5,000

The punishment for monopolizing is decided by .:the court

When people conspire, they secretly plan to .:commit an illegal act

Why would punishments for breaking the law be different for corporations and individuals?

Corporations are usually larger and would require a steeper punishment for it to be effective.

Individuals wrote the act, so they made the punishment less for themselves.

Corporations are more likely than individuals to attempt to monopolize.

Individuals could not afford as large a fine as corporations could.

What were positive effects of trust-busting? Check all that apply.It increased trade between the states.It increased competition within industries.It prevented workers from going on strikes.It prevented prices of goods from rising too high.It prevented corporations from forming monopolies.

It increased trade between the states.

It increased competition within industries.

It prevented workers from going on strikes.

It prevented prices of goods from rising too high.

It prevented corporations from forming monopolies.

What were negative effects of trust-busting? Check all that apply.Monopolies were broken up.A successful company could make less profits.The government got involved in private business.A small business could no longer be acquired by a big business.Muckrakers no longer had anything to write about.

Monopolies were broken up.

A successful company could make less profits.

The government got involved in private business.

A small business could no longer be acquired by a big business.

Muckrakers no longer had anything to write about.

✔ oil refineriesretail storeswarehouses

✔ oil refineries

retail stores

warehouses

business✔ trustmonopoly

business

✔ trust

monopoly

✔ the courtShermancorporations

✔ the court

Sherman

corporations

go out of businessstop receiving oil✔ get oil from the other refineries

go out of business

stop receiving oil

✔ get oil from the other refineries

industry ✔ competitionregulation

industry

✔ competition

regulation

trade goodsmake money✔ commit an illegal act

trade goods

make money

✔ commit an illegal act

✔ increasedecreaseprotect

✔ increase

decrease

protect

✔ pricesgoodsservices

✔ prices

goods

services

strugglebe prohibited✔ be supervised

struggle

be prohibited

✔ be supervised

142836

division of labor✔ competitionregulation

Answers:

According to Adam Smith, having more is better for any branch of trade because it .:competition

According to Adam Smith, having more is better for any branch of trade because it .:is advantageous to the public

Based on the excerpt, when more companies do business in an industry, the public will .:benefit

142837

✔ is advantageous to the publicallows greater profitscreates branches of trade

✔ is advantageous to the public

allows greater profits

creates branches of trade

142838

revoltsuffer✔ benefit

revolt

suffer

✔ benefit

142850

Question text not available

Answers:

According to Roosevelt, Americans dislike trusts because the trusts are the general welfare.:hurtful to

Roosevelt says that Americans have great in the achievements of corporations from the Industrial Revolution.:pride

According to Roosevelt, corporations should not be punished too , but they should .:harshly

According to Roosevelt, corporations should not be punished too , but they should .:be supervised

142850

✔ hurtful toenvious ofuncharitable toward

Answers:

According to Roosevelt, Americans dislike trusts because the trusts are the general welfare.:hurtful to

Roosevelt says that Americans have great in the achievements of corporations from the Industrial Revolution.:pride

According to Roosevelt, corporations should not be punished too , but they should .:harshly

According to Roosevelt, corporations should not be punished too , but they should .:be supervised

142851

envy✔ prideconviction

envy

✔ pride

conviction

142852

lightlyquickly✔ harshly

lightly

quickly

✔ harshly

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