Industrial Leaders: Rhyming Review

Industrial Leaders

Multiple Choice

Who is associated with the Gospel of Wealth,

encouraging the very wealthy to give to the common good?

• Andrew Carnegie

• Mark Zuckerberg

• J.P. Morgan

Multiple Choice

Where were Andrew Carnegie's Steel factories located (primarily)?

• New York City

• Pittsburgh, PA

• Cleveland, OH

Multiple Choice

Andrew Carnegie's idea that the very wealthy should give back to the common good (fund libraries, museums, universities and more) ?

• The Golden Rule

• Goodwill to Others

• The Gospel of Wealth

​Vertical Integration: owning all the stages of an industrial process

Multiple Choice

What is the term for owning all the stages of an industrial processo?

• Monopoly

• Vertical Integration

• Streamlining

Multiple Choice

What is a strike?

• Refusing to work in protest to working conditions.

  
  

• Giving all you have to others.

• Negotiations between unions and business owners.

Multiple Choice

Which industrialist made huge profits in the Railroad industry through practices like rebates and pools?

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

Multiple Choice

Discounts given by companies to its largest customers to maintain the business/loyalty of that customer ?

• rebates

• price gouging

• monopoly

Multiple Choice

What is one effect of monopolies, pools and rebates?

• Better wages for workers.

• Reduced competition.

• Safer working conditions.

Multiple Choice

Who dominated the oil industry by controlling all of the business of an industry and eliminating the competition?

• Andrew Carnegie

• John D. Rockefeller

• Henry Ford

• Thomas Edison

Multiple Choice

What is John D. Rockefeller known for?

• Banking and Commerce

• Steel Production

• huge profits in the oil industry and refining process

Multiple Choice

What term describes controlling all of the business in a particular industry, eliminating the competition. (For example buying up ALL the fast food restaurants so that someone who wants fast food has ONE option.)

• Vertical Integration

• Monopoly

• Rebate

Multiple Choice

Which industrial leader is known for their impact on finance (banking) ?

Through reorganizing railroad, steel, electric and more, he 'made bank'!

(He even 'bailed out' the US Gold Reserve in 1894 with a loan of 65 million!)

• JP Morgan

• Rockefeller

• Carnegie

• Vanderbilt

Multiple Choice

• Strategy of buying and merging competing companies:

• Morganization/Merger

• Carnegization/Stealing

• Strike/

  Negotiation