Business Leaders Progressive Era Assessment

Business Leaders Progressive Era Assessment

Lesson Target: I can identify who were the key business leaders of the Progressive Era

Success Criteria:  I did the following

:Analyzed information material about them

:Determined the specific businesses they gained their fortunes from 

: Completed the graphic organizer that details the intel

Multiple Choice

In which decade did Carnegie enter the steel business?

• 1850s

• 1860s

• 1870s

• 1880s

Multiple Choice

What unethical practice was Rockefeller accused of using to gain a monopoly?

• Predatory pricing

• Fair trade

• Price matching

• Discount sales

Multiple Choice

What year did Rockefeller establish Standard Oil?

• 1870

• 1880

• 1860

• 1890

Multiple Choice

What is an example of a monopoly?

• Multiple fast food chains competing

• McDonald's as the only fast food company

• A variety of options for fast food

• Several suppliers of a product

Multiple Choice

What is difficult in a monopoly market?

• Entering the market

• Finding suppliers

• Competing with others

• Lowering prices

Multiple Choice

Which of the following is NOT a part of the supply chain in vertical integration?

• Suppliers

• Retailers

• Competitors

• Distributors

Multiple Choice

Which integration strategy involves controlling businesses from the same level?

• Vertical integration

• Horizontal integration

• Lateral integration

• Diagonal integration

Multiple Choice

Who dominated the steel industry in America and used vertical integration/buying all phases of production.

• Andrew Carnegie

• Thomas Jefferson

• Henry Ford

Multiple Choice

How did John D. Rockefeller practice horizontal integration?

• By buying up 90% of the oil refineries in the US

• By owning a business at every level of oil production

Multiple Choice

Which of the following industrialists is most associated with using horizontal integration to build his business?

• Rockefeller

• Carnegie

• JP Morgan

• Richard Warren Sears

Match

Match the following

Carnegie

Rockefeller

Vanderbilt

JP Morgan

• Carnegie

• Rockefeller

• Vanderbilt

• JP Morgan

Drag and Drop

Andrew Carnegie and John D Rockefeller will donate millions to education and the arts. This is known as ​

Placeholder

.

Drag these tiles and drop them in the correct blank above

philanthropy

nativism

Americanization

entreprenuership

Match

Match the following

• This Scottish-born American industrialist made his fortune in the steel industry.

• The New York industrialist who made hundreds of millions of dollars in the 19th century with this Standard Oil Company and pioneered the corporate strategy of vertical integration.

• He was a U.S. banker and financier who was a leader in corporate finance and industrial mergers in the late 1800s and early 1900s.

Andrew Carnegie

John D Rockefeller

JP Morgan

• Andrew Carnegie

• John D Rockefeller

• JP Morgan

Match

Match the following criticisms with Rockefeller's business practices.

• Unethical practices

• Environmental damage

• Poor customer service

• High prices

Monopolistic strategies

Oil spills

Delayed responses

Expensive products

• Monopolistic strategies

• Oil spills

• Delayed responses

• Expensive products

Match

Match the following companies with the financier J.P. Morgan helped:

• Ford

• General Electric

• Microsoft

• Apple

Henry Ford's automotive company

Thomas Edison's electric company

Bill Gates' software company

Steve Jobs' technology company

• Henry Ford's automotive company

• Thomas Edison's electric company

• Bill Gates' software company

• Steve Jobs' technology company

Drag and Drop

J.P. Morgan died in

Placeholder

Drag these tiles and drop them in the correct blank above

New York, USA

London, UK

Rome, Italy

Paris, France

Drag and Drop

The name of the biography that estimated J.P. Morgan's fortune is

Placeholder

Drag these tiles and drop them in the correct blank above

The Life of J.P. Morgan

Biography Ron Chernow

The Banker’s Empire

Morgan’s Legacy

Match

Match the following business strategies with their main concepts.

• Controlling every stage of development

• Buying out competitors

• Reducing production costs

• Increasing product quality

Vertical integration

Horizontal integration

Economies of scale

Total quality management

• Vertical integration

• Horizontal integration

• Economies of scale

• Total quality management

Dropdown

The primary goal of vertical integration is to

Select answer

Dropdown

Select answer

is a characteristic of horizontal integration.

Match

Match the following individuals with their relationship to J.P. Morgan's fortune and business.

• His daughter

• His brother

• His son, John Pierpont Morgan Jr.

• His wife

Anne Morgan

William Morgan

John Pierpont Morgan Jr.

Frances Tracy Morgan

• Anne Morgan

• William Morgan

• John Pierpont Morgan Jr.

• Frances Tracy Morgan