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- 1. Multiple ChoiceA less expensive and easier way to make steel. It increased production and lowered the price of steel in the US dramatically. Allowed skyscrapers to be built.Industrial RevolutionBessemer ProcessJP MorganHull House
- 2. Multiple ChoiceThe total or complete control of a service, product or industry that prevents competitionUnionRobber BarronMonopolyCaptain of Industry
- 3. Multiple ChoiceA monopoly is the total or complete control of a service, product or industry that prevents ________________.UnionsCapitalismCompetitionregulation
- 4. Multiple ChoiceThe Gospel of Wealth was written by this successful businessman who owned a large steel corporation.Elisha OtisHoratio AlgerAndrew CarnegieAlger Hiss
- 5. Multiple ChoiceCarnegie's "Gospel of Wealth" encourages the wealthy toignore the plight of the poorpay taxes to provide for government servicesdonate to charities to improve the communityend the practice of child labor
- 6. Multiple ChoiceThese were the men who held very large and extensive corporations within their hands, they even had some control over the governmental processes.Robber BaronsHobosFactory GirlsBusiness Owners
- 7. Multiple Choice___________ refers to the Gilded Age belief that only the strong should survive and are better than the weak in society.Social DarwinismSocial EvolutionSocial Adaptation
- 8. Multiple Choice____________ is a negative term to describe the great industrialists of the Gilded Age and __________ is a positive term to describe them.Robber Barons, Captains of IndustryCaptains of Industry, Robber Barons
- 9. Multiple ChoicePools, trusts, and monopolies were an effort to reduceprofitsunionizationchild laborcompetition
- 10. Multiple Choice"Gilded Age" was a name for the time that reflected the way the growth of big business caused areduction in crimeincrease in populationwidening gap between the rich and the poornarrowing gap between the wealthy and the poor
- 11. Multiple Choice"To grow, one must be willing to sacrifice the smaller, weaker interests"
The quote represents:Social DarwinismGospel of Wealth - 12. Multiple Choice"To grow, one must be willing to sacrifice the smaller, weaker interests"
The quote represents:Social DarwinismGospel of Wealth - 13. Multiple Choice"feeding and clothing the poor is a mistake."
The quote represents:Social DarwinismGospel of Wealth - 14. Multiple Choice"The rich and successful have an obligation to take their rewards and help those that have been less fortunate"
The quote represents:Social DarwinismGospel of Wealth - 15. Multiple Choice"survival of the fittest"
The quote represents:Social DarwinismGospel of Wealth - 16. Multiple Choice
In this political cartoon, who is in charge of the Senate?The US Senatorsthe US ConstitutionThe owners of monopolies/ industrialiststhe American people - 17. Multiple ChoiceIn this political cartoon, how do monopolistic trusts (like Standard Oil Trust) impact competition?Competition is encouraged by monopolistic trustscompetition is prevented by monopolistic truststhere is no impactthe cartoon makes no statement about it
- 18. Multiple ChoiceWhat type of business organization is being criticized in this cartoon?monopolyinternational corporationunionpartnership
- 19. Multiple ChoiceIn this political cartoon, who is in charge of the Senate?The US Senatorsthe US ConstitutionThe owners of monopolies/ industrialiststhe American people
- 20. Multiple ChoiceIn this political cartoon, how do monopolistic trusts (like Standard Oil Trust) impact competition?Competition is encouraged by monopolistic trustscompetition is prevented by monopolistic truststhere is no impactthe cartoon makes no statement about it
- 21. Multiple ChoiceWhat type of business organization is being criticized in this cartoon?monopolyinternational corporationunionpartnership
- 22. Multiple ChoiceAccording to this cartoon, Standard Oil company (and its owner) havetoo much influence over the federal governmenttoo many offices to be efficienttoo many child/immigrant employeestoo much profit
- 23. Multiple ChoiceBetween the Civil War and WWI the US was transformed from an agricultural to an _____ nation.industrialcivilizedarchaicagrarian
- 24. Multiple ChoiceBefore the Civil War what percentage of Americans were farmers?60%70%80%90%
- 25. Multiple ChoiceHe created the company known as Standard OilAndrew CarnegieCornelius VanderbiltJohn D. RockefellerThomas Edison
- 26. Multiple ChoiceThe total or complete control of a service, product or industry that prevents competitionUnionRobber BarronMonopolyCaptain of Industry
- 27. Multiple ChoiceHe used the Bessemer Process in a factory in Pittsburg Pennsylvania, to mass produce stronger steelJohn D. RockefellerAndrew CarnegieTerrence PowderlyCornelius Vanderbilt
- 28. Multiple ChoiceName for entrepreneurs who use ruthless tactics to destroy competition or to keep wages lowCaptain of IndustryRobber BaronPhilanthropistConsolidator
- 29. Multiple ChoiceBy 1870, this entrepreneur empire covered the entire Northeast all the way to Chicago and he became the largest employer in America; who was he?J. P. MorganCornelius VanderbiltCyrus McCormickAlexander Graham Bell
- 30. Multiple ChoiceAn oil tycoon who made deals with railroads to increase his profitsAndrew CarnegieCornelius VanderbiltThomas EdisonJohn D. Rockefeller
- 31. Multiple ChoiceA steel tycoon who used vertical integration to increase his powerThomas EdisonAndrew CarnegieJohn D. RockefellerJP Morgan
- 32. Multiple ChoiceFirst of the “Robber Barons” who made his fortune in railroadsJohn D. RockefellerAndrew CarnegieCornelius VanderbiltJP Morgan
- 33. Multiple ChoiceExclusive control by one company over an entire industrymonopolytrustsweatshopSocial Darwinism
- 34. Multiple ChoiceA group of companies that are placed under the ⋇⋇control by a board of electors ⋇⋇in order to form a monopolysweatshopchild labormonopolytrust
- 35. Multiple ChoiceThis man was known for his success in consolidating the railroadsJohn D. RockefellerAndrew CarnegieCornelius VanderbiltGustavus Swift
- 36. Multiple ChoiceWhat is a Captain of Industry?a powerful industrialist who uses his wealth in a positive waya powerful industrialist who steers a shipA hardworking supervisor in a large factorya powerful industrialist who uses his wealth in a negative way
- 37. Multiple ChoiceSteel changed people's lives in making possible the...Building of SkyscrapersEstablishment of Time ZonesDevelopment of ElectricityUse of Kerosene
- 38. Multiple ChoiceCompanies who control all the different phases of the business to control profits & maximize efficiency use the method calledHorizontal IntegrationVertical IntegrationBig Business ModelMaximum Profit Idea
- 39. Multiple ChoiceTHIS IS INTERESTING BUT YOU WONT BE TESTED ON THIS...
Companies who specialize in one area of business use the method of organization calledHorizontal IntegrationVertical IntegrationBig Business ModelCapitalism - 40. Multiple ChoiceThe method of melting iron & blowing air to remove impurities, creating steel, is called theKelly ProcessCarnegie Steel MethodBessemer ProcessSteel Folding Process
- 41. Multiple ChoiceA monopoly is the total or complete control of a service, product or industry. Unfortunately for consumers, this prevents _______________.UnionsCapitalismCompetitionregulation
- 42. Multiple Choice"The rich and successful have an obligation to take their rewards and help those that have been less fortunate"
The quote represents the opinions of a Captain of Industry who practicesPhilanthropySocial Darwinism
(we can talk about this)ChemistryPhilosophy - 43. Multiple ChoiceCompanies raise money by selling ______ of the company to investors.ProductsDividendsSharesParts
- 44. Multiple ChoiceA person would want to buy stock in a company in order tobuy the productbetter workplace conditionswaste their moneyTake part in making a profit from the success of the business
- 45. Multiple ChoiceWhen someone buys stock in a company, what they're really doing isselling the product to the consumerbuying the product the company is sellinginvesting in the company leading to partial ownership of the companyMonopolizing the industry
- 46. Multiple ChoiceIndustrialization allowed for our country to go from _______ to ________consumer, producerhandmade production , machine made productionCaptain of Industry, Robber BaronRich, poor
- 47. Multiple ChoiceThe money used to start a business is calledCapitalCapitolStartersStocks
- 48. Multiple ChoiceIn exchange for buying a stock, people receive ____________ or shares of the company's profitsSharesInterestDividendsCorporation
- 49. Multiple ChoiceA monopoly has all of the following characteristics EXCEPTIs able to control pricesOwns a large portion of the industryHas lots of competitionMade illegal by Sherman Anti Trust
- 50. Multiple ChoiceA philanthropist isSomeone who owns a big businessSomeone with ruthless business tacticsSomeone who donates money to a good causeThe owner of a monopoly
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