*6.3 The Rise of Big Business

Multiple Select

Which strategies did Andrew Carnegie use

to make his company more successful?

Select all that apply.

• Investing in the latest technology

• Hiring the most talented people

• Avoiding competition

• Detailed accounting to save money

Multiple Choice

Which of the following terms is most closely associated with owning all the steps in production, such as buying out coal fields, iron mines, and railroads?

• Vertical Integration

• Horizontal Integration

• Monopoly

• Merger

Multiple Choice

A ___ occurs when one company buys out the stock of another.

• merger
• strike

• union

• revolution

Multiple Choice

What is the main goal of horizontal integration

as described in the steel industry example?

• To reduce competition by merging with or buying out competitors

• To increase product quality

• To expand into new markets

• To improve worker conditions

Multiple Choice

What happens to weaker competitors

when a large company sells products below cost,

as shown in the steel industry example?

• They go out of business

• They merge with the large company

• They increase their prices

• They expand to new markets

Multiple Select

Which of the following are likely outcomes

when a company achieves a monopoly,

according to the images?

• Complete control over prices

• Increased competition

• Ability to produce any quality level

• Ability to charge whatever they want

Multiple Choice

The Sherman Antitrust Act made it illegal to form a ___

that interfered with trade between states or countries.

• trust / monopoly

• business

• labor union

• revolution

Multiple Choice

What was the first major company targeted by the Sherman Antitrust Act?

• U.S. Steel

• Standard Oil

• Carnegie Steel

• General Electric

Multiple Choice

Who is depicted as controlling the Senate

in the cartoon 'Bosses of the Senate'?

• The people

• U.S. Senators

• Trusts /

  Monopolists

• U.S. Representatives

Multiple Choice

Darwin’s theory of ___

is referenced in the context of Social Darwinism.

• evolution
• big bang

• relativity

• revolution