Domain 4 Review

Front

What is the Gilded Age known for?

Back

Growth of major businesses

Front

Which industry was most responsible for connecting different regions of the U.S. after the Civil War?

Back

Railroad industry

Front

What production method helped Andrew Carnegie build a successful steel empire? Options: The assembly line, The Bessemer process, Hydraulic fracturing, Water-powered machinery

Back

The Bessemer process

Front

Which entrepreneur became famous for controlling 90% of the oil refining business in the U.S.?

Back

John D. Rockefeller

Front

Which strategy did John D. Rockefeller use to dominate the oil industry?

Back

Horizontal integration

Front

Why were monopolies harmful to consumers during the Gilded Age?

Back

They eliminated competition and raised prices.

Front

Which of the following industries was a major customer for the steel industry during the Gilded Age? Oil industry, Railroad industry, Textile industry, Automobile industry

Back

Railroad industry

Front

What made Andrew Carnegie different from other big business leaders of the Gilded Age?

Back

He was known for his philanthropy

Front

What was the purpose of vertical integration used by Carnegie?

Back

To cut costs by controlling every stage of production

Front

What was one major result of the rise of trusts and monopolies in the Gilded Age?

Back

Higher prices and reduced competition