☀️ B1 - GILDED AGE: GUIDED NOTES AND PRACTICE (MUST-DO) - Maura Sullivan | Library

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The Gilded Age is the name we often give to the time period between _______ and _______.

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During the Gilded Age, the U.S. and many countries around the world were _______.

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Countries that took part in this rapid industrialization usually experienced _______, _______, _______, and _______ during the Gilded Age.

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During the Gilded Age, we saw a specific form of capitalism known as "_______" capitalism.

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In laissez-faire capitalism, the _______ plays almost _______ in the _______.

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Some of the actions that the government would avoid in laissez-faire capitalism include: (*list at least 3-4)

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Proponents of laissez-faire capitalism claim that _______ the government's role in the economy will provide the _______ for the _______.

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If _______ and _______ all act in their own _______, then the economy will run as _______ as possible and everyone will _______ at the _______.

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In a capitalist economy, _______ is generally rewarded.

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In a laissez-faire capitalist economy, _______ are allowed to make their own decisions without the _______ telling them what to do.

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Critics of laissez-faire capitalism claim that limiting the government's role in the economy _______ but _______.

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If businesses are allowed to operate _______, they can engage in _______.

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Some of the problematic practices that businesses could engage in include the following. (*list 2-3 practices)

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The combination of _______ and _______ transformed American society in the late 1800s.

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Some of the ways that the combination of industrialization and laissez-faire capitalism transformed American society included the following. (*list 3-4 ways that society transformed - just the headings and not the explanations!)

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Urbanization meant that more people from _______ and _______ moved to the _______ to take part in the _______.

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Immigrants from around the world not only moved to the cities, but also to the _______ to take part in growing jobs like _______ and industrial _______, _______, and _______.

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The Gilded Age was known for its social class and wealth _______. Even though a new _______ was developing, the _______ between the _______ and _______ was also _______.

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New inventions created the opportunity for _______ time and changed the way that people thought about the nature of _______, _______, and _______.

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When was the Gilded Age?

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During the Gilded Age, the U.S. was the only country that was industrializing.

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Check off all of the following that were consequences of the rapid industrialization during the Gilded Age.

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During the Gilded Age, the government was extremely involved in the economy, making laws and regulations for almost all aspects of business.

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Check off all of the following that would be TRUE of a laissez-faire economy.

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Proponents of laissez-faire capitalism claim that this economic system will provide the greatest benefit for the greatest number of people.

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In a laissez-faire capitalist system, the government places too many restrictions on businesses, which limits new ideas and innovations.

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Critics of laissez faire capitalism claim that this economic system hurts consumers and small businesses.

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Due to the combination of indutsrialization and laissez-faire capitalism in the Gilded Age, more and more people started moving to rural areas.

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Many of the people who moved to American cities during the Gilded Age were immigrants from other countries.

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One consequence of laissez-faire capitalism during the Gilded Age was that a new middle class developed and the gap between the rich and poor got so small that almost everyone in society had the same amount of wealth.