Rise of Industry and Labor quiz 1

Who started Standard Oil Company?

• J.P Morgan
• Cornelius Vanderbilt
• John D. Rockefeller
• Andrew Carnegie

He was the most powerful Railroad Baron

• J.P Morgan
• Cornelius Vanderbilt
• John D. Rockefeller
• Andrew Carnegie

Vertical integration was used by 

• J.P Morgan
• Cornelius Vanderbilt
• John D. Rockefeller
• Andrew Carnegie

He was the King of Steel and helped small communities build libraries

• J.P Morgan
• Cornelius Vanderbilt
• John D. Rockefeller
• Andrew Carnegie

Which of the following is an example of a monopoly?

• Standard Oil Trust
• Carnegie steel
• Illinois Central RR
• McDonarlds

When the railroads in the North and South standardized their track they

• created a network.
• created competition.
• lost a lot of money.
• agreed to use morse code.

These made shipping prices high for small farmers.

• pools and rebates
• networks and vertical integration
• more farmers
• miners shipping ore

These three things contributed to the rise of business.

• railroads, farming, and hats
• steel, banks and famous people
• creating corporations and trusts and selling stocks.

The Bessemer process is used to 

• make steel stronger and cheaper.
• make railroads run faster.
• make banking faster.
• turn oil into kerosene.

Rockefeller, Vanderbilt, Carnegie and J.P. Morgan were are alike in they 

• were immigrants, and hard working.
• all started poor and were determined.
• were all smart, hard working, ruthless and the most powerful men in their industries.

• came from well to do families that helped them get ahead.