AnswersMCPSS 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?

A
The public will see lower prices as companies compete for customers.
B
The public will see greater profits from the sale of the products.
C
The public will have fewer choices when they are purchasing products.
D
The public will be guaranteed to find one business that makes the product correctly.
2
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✔ oil refineriesretail storeswarehouses

A
✔ oil refineries
B
retail stores
C
warehouses
3

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

A
go out of business
B
stop receiving oil
C
✔ get oil from the other refineries
4

✔ increasedecreaseprotect

A
✔ increase
B
decrease
C
protect
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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
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✔ is advantageous to the publicallows greater profitscreates branches of trade

A
✔ is advantageous to the public
B
allows greater profits
C
creates branches of trade
142838

revoltsuffer✔ benefit

A
revolt
B
suffer
C
✔ benefit
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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
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envy✔ prideconviction

A
envy
B
✔ pride
C
conviction
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lightlyquickly✔ harshly

A
lightly
B
quickly
C
✔ harshly
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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
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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
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✔ $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
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Why would punishments for breaking the law be different for corporations and individuals?

A
Corporations are usually larger and would require a steeper punishment for it to be effective.
B
Individuals wrote the act, so they made the punishment less for themselves.
C
Corporations are more likely than individuals to attempt to monopolize.
D
Individuals could not afford as large a fine as corporations could.
142857

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.

A
It increased trade between the states.
B
It increased competition within industries.
C
It prevented workers from going on strikes.
D
It prevented prices of goods from rising too high.
E
It prevented corporations from forming monopolies.
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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.

A
Monopolies were broken up.
B
A successful company could make less profits.
C
The government got involved in private business.
D
A small business could no longer be acquired by a big business.
E
Muckrakers no longer had anything to write about.
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business✔ trustmonopoly

A
business
B
✔ trust
C
monopoly
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✔ the courtShermancorporations

A
✔ the court
B
Sherman
C
corporations
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industry ✔ competitionregulation

A
industry
B
✔ competition
C
regulation
142862

trade goodsmake money✔ commit an illegal act

A
trade goods
B
make money
C
✔ commit an illegal act

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