Chapter 16

Quiz for Document 16-6: Arthur Twining Hadley, The Good and the Evil of Industrial Combination (1897)

Reader Quiz

Chapter 16f

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Question 1

In his article The Good and the Evil of Industrial Combination, Arthur Twining Hadley argues that corporate monopolies can be problematic and that it is important to control them. Which of the following methods of controlling monopolies does he advocate?A. Direct prohibition
B. State ownership
C. Price controls
D. Enforced publicity

Question 2

Hadley holds that the most serious problems created by monopoly, or “combination,” in business involvedA. concentration of wealth and political influence.
B. diminished business competition and technical innovation.
C. high prices and low wages.
D. promotion of political and labor radicalism.

Question 3

What, according to Hadley, is the ultimate goal of transparency (enforced publicity) in the developing U.S. economy?A. Arresting those who violate the law
B. Educating all Americans on the rationality of the economy
C. Limiting the power of owners over their managers
D. Opening avenues of communication between labor and capital