Question 1) How did horizontal integration limit competition?  Question 1 options: 1) Fewer independently owned companies existed to compete

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Question 1) How did horizontal integration limit competition? 

Question 1 options:

1) Fewer independently owned companies existed to compete.

2) Companies agreed not to compete, so they all made more money.

3) More small companies tried to supply raw materials to large companies.

4) Suppliers could not produce enough to serve horizontally integrated companies.

SaveQuestion 2) Which of the following is an example of vertical integration? 

Question 2 options:

1) Controlling competitors

2) Purchasing suppliers

3) Informally agreeing on prices

4) Buying stock in competing companies

SaveQuestion 3) Why did business owners in the late 19th century attempt to establish trusts? 

Question 3 options:

1) To prevent unionization

2) To hide political contributions

3) To control markets

4) To avoid government regulation

SaveQuestion 4 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 it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which 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 only beneficial, but essential for the future progress of the race."

Proponents of the philosophy represented by this quote 

Question 4 options:

1) rejected governmental intervention in economic matters

2) supported government assistance for the poor

3) rejected private ownership of railroads and canals

4) supported laws regulating working conditions and pay

SaveQuestion 5) Which of these increased rapidly during the first several decades of the Second Industrial Revolution? 

Question 5 options:

1) Standard of living and crop prices

2) Tariff rates and rural populations

3) Migration to the U.S. and union activism

4) Migration within the U.S. and industrial wages