Industry Captains Flashcard

Front

What is a monopoly?

Back

A company that controls a whole market.

Front

Who were some of the industry captains during the Industrial Revolution?

Back

Carnegie, Morgan, Rockefeller, and Vanderbilt

Front

What did Andrew Carnegie's company specialize in?

Back

Steel production

Front

What did Andrew Carnegie do after selling his business?

Back

Devoted himself to philanthropy

Front

What did Cornelius Vanderbilt's company provide in the 1870s?

Back

Jobs for thousands

Front

Which captain used his connections with British bankers to arrange capital for growing businesses in America?

Back

J.P. Morgan

Front

Who quit school at age 11 to work with his father in boating?

Back

Cornelius Vanderbilt

Front

Which best describes a monopoly?

Back

A company that controls an entire market.

Front

Why was it important that Andrew Carnegie met Henry Bessemer?

Back

Bessemer told him about his new method to make steel from iron.

Front

Which of the following best completes the analogy? Carnegie : steel :: Rockefeller : ___________

Back

Oil