Why Did Samuel Gompers Seek to Forge Closer Ties with Forward-Looking

question 105

Multiple Choice

Why did Samuel Gompers seek to forge closer ties with forward-looking corporate leaders?

• A) He wanted to establish employer-financed health care.
• B) He wanted to work his way into circles of political influence.
• C) He wanted to stabilize employer-employee relations.
• D) He hoped to win their support for the nationalization of large industries.
• E) He wanted to explore his own new personal business opportunities.

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Definitions:

Economic Growth

The growing ability of the economy to produce goods and services.

Industry-specific

Pertains to aspects or characteristics unique to a particular industry or sector.

Lemons

A colloquial term in economic theory often referring to products of inferior quality sold because of asymmetric information between buyers and sellers.

Plums

A type of fruit belonging to the genus Prunus, known for its juicy and sweet flesh.