7.1B: Monopolies

7.1B: Monopolies

Assessment

Flashcard

History

11th Grade

Practice Problem

Hard

Created by

Wayground Content

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10 questions

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1.

FLASHCARD QUESTION

Front

Standard Oil was controlled by which business leader?

Back

John D. Rockefeller

2.

FLASHCARD QUESTION

Front

In the Gilded Age, the steel industry was controlled by which business leader?

Back

Andrew Carnegie

3.

FLASHCARD QUESTION

Front

What does this political cartoon show about Standard Oil during the Gilded Age?

Media Image

Back

that the monopoly was unfairly influencing the government and other industries

4.

FLASHCARD QUESTION

Front

Does this example support the idea that business leaders during the Gilded Age were "Captains of Industry" or "Robber Barons": Jay Gould was involved with the Tammany Hall political machine.

Back

Robber Barons

5.

FLASHCARD QUESTION

Front

Does this example support the idea that business leaders during the Gilded Age were "Captains of Industry" or "Robber Barons": Cornelius Vanderbilt gave $1 million to start Vanderbilt University.

Back

Captains of Industry

6.

FLASHCARD QUESTION

Front

Vertical integration is

Back

owning at least one part of every step of production so you never have to go outside your own company to create your product; this allows the company to cut costs and drive other companies out of business

7.

FLASHCARD QUESTION

Front

Horizontal integration is

Back

controlling the majority or all of one step of production so that consumers have no choice but to come to your business if they want that product

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