EOC Standard 3 Part 1 Captains of Industry

Front

What organizational innovations were made by the "Captains of Industry" or "Robber Barons"?

Back

Pools or trusts to limit competition and maximize profit; Vertical integration, buying up all aspects of the production process; Horizontal integration, the buying up of all smaller competitors.

Front

Which "captain of industry" or "robber baron" became the wealthiest man of all time due to his company's oil monopoly?

Back

John D. Rockefeller

Front

This company owned by John D. Rockefeller was known for this vertical and horizontal integration which allowed it to control 90% of American Oil at one point before its monopoly was broken up by the supreme court.

Back

Standard Oil

Front

The giant of finance from this time was

Back

JP Morgan

Front

Which of the following best describes using the idea of "survival of the fittest" to justify which the poor are poor and why the rich are rich during this time? Options: Social Darwinism, Darwinism, Existentialism, Post Modern

Back

Social Darwinism

Front

Which business owner revolutionized his industry with the advent of the assembly line and high wages for workers which allowed them to purchase more consumer goods?

Back

Henry Ford

Front

This Captain of Industry worked his way up from being a poor Scottish immigrant to being one of the wealthiest Americans of his time due to his steel company.

Back

Andrew Carnegie

Front

Which of the following best describes the exclusive possession or control of the supply of or trade in a commodity or service: Monopoly, Vertical Integration, Horizontal Integration, Trust?

Back

Monopoly

Front

Which of the following best describes controlling every aspect of the production, shipping, and sales of goods or services?
Options: Monopoly, Vertical Integration, Horizontal Integration, Trust

Back

Vertical Integration

Front

Which of the following best describes buying out the competition: Monopoly, Vertical Integration, Horizontal Integration, Trust?

Back

Horizontal Integration