Big Business and Labor Quiz

Monday, Sept. 21 Homework

If you scored less than 20 on your Big Business and Labor Quiz, please make the necessary corrections / additions so that it could score a 20. Please type out the entire quiz and post to your blog by 8:20 a.m. Wednesday. Title: Big Business and Labor Quiz Labels: Industrial_Age, labor


Also, study for Wednesday's written quiz on Labor Unions. Make sure you are familiar with the significance of following terms, people and events: Eugene Debs, socialism, Mother Jones, the major strikes and gov't responses, horizontal integration and a specific example, vertical integration and a specific example, and why the public sometimes opposed unions.

why and with what effect did the 19th century business ideologies of Laissez faire and social darwinism have on laborers?

The Ideology of Laissez faire had a negative effect on business in the 19th century. Laissez faire was the idea that the market was an uncontrolable aspect of life. That the only way to go about it was to allow business owners do what they wanted when they wanted. The effect on the laborers and buyers of the time was that they were being a.charged more for the product then what it maybe was worth and b. lower wages for the laborers because the tycoons could pay them whatever they pleased. The reason business owners supported it so heavily was because of the large profit income they were recieving. Social Darwinism was another negative effect. Social Darwinism was the belief in the god made entightlment that was placed upon the rich. God made them to be wealthy and others were condemned to a life of poverty or lower/middle class life styles. Social Darwinism only made sense to, once again, the large business tycoons of the age. Mainly because they profited from the idea. It was originally conceived from Darwin's natural selection theory. The idea born from this was a every man for himself concept leaving the poor in the dust.