Chapter 182. Reflections on From Competition to Consolidation, Chapter 18

Reflections on From Competition to Consolidation, Chapter 18

Use your critical reading skills to answer the following questions about the author’s historical interpretation in the narrative.
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Questions

Question

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Question

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Correct. The answer is d. The author’s main point in this section is that, in the 1890s, American financiers facilitated the consolidation of many entrepreneurial businesses into corporations and used the theory of social Darwinism to justify their absorption of small companies and the tremendous social and economic equalities their actions created.
Incorrect. The answer is d. The author’s main point in this section is that, in the 1890s, American financiers facilitated the consolidation of many entrepreneurial businesses into corporations and used the theory of social Darwinism to justify their absorption of small companies and the tremendous social and economic equalities their actions created.

Question

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Correct. The answer is b. To illustrate her point that J.P. Morgan was the “architect of the American business merger,” the author uses the example of his role in the creation of U.S. Steel in 1901.
Incorrect. The answer is b. To illustrate her point that J.P. Morgan was the “architect of the American business merger,” the author uses the example of his role in the creation of U.S. Steel in 1901.

Question

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Correct. The answer is b. The author argues that bankers' new influence over the business world in the 1890s stemmed from their role in reorganizing bankrupt industries after the panic of 1893.
Incorrect. The answer is b. The author argues that bankers' new influence over the business world in the 1890s stemmed from their role in reorganizing bankrupt industries after the panic of 1893.

Question

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Correct. The answer is c. The author uses the example of “The Gospel of Wealth” to support her argument that Andrew Carnegie modified social Darwinist thinking to suggest that the rich bore some responsibility for the public good.
Incorrect. The answer is c. The author uses the example of “The Gospel of Wealth” to support her argument that Andrew Carnegie modified social Darwinist thinking to suggest that the rich bore some responsibility for the public good.

Question

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Correct. The answer is a. The author cites the example of Sumner’s book, What Social Classes Owe to Each Other, to illustrate her suggestion that social scientists used theories of the natural world to explain social phenomena and justify the status quo.
Incorrect. The answer is a. The author cites the example of Sumner’s book, What Social Classes Owe to Each Other, to illustrate her suggestion that social scientists used theories of the natural world to explain social phenomena and justify the status quo.

Question

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