Industrial/Gilded Age Review

Andrew Carnegie was the captain of what industry?

• Steel 
• Meatpacking
• Railroad
• Banking

Who was the captain of the railroad industry?

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

Who was the captain of the oil industry?

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

What invention helped speed up the production of cars?

• Assembly line
• Wheels
• Factories
• steel

What is a captain of industry?

• a powerful industrialist who uses his wealth in a positive way
• a powerful industrialist who steers a ship
• A hardworking supervisor in a large factory
• a powerful industrialist who uses his wealth in a negative way

Steel changed people's lives in making possible the...

• Building of Skyscrapers
• Establishment of Time Zones
• Development of Electricity
• Use of Kerosene

What has  total or complete control of an industry and  prevents competition and makes prices higher? 

• Unions
• consumer goods
• Monopoly
• lower cost production

One effect of mechanization is:

• Lower cost production
• Prices go up for the consumer
• Banks gave loans to businesses
• Need for labor increases

What is laissez-faire?

• A belief that the government should not interfere in the economy.
• Government should control the economy.
• Government should regulate the economy.
• Government should control the people.

In this political cartoon, how do monopolies (like Standard Oil Trust) impact competition?

• Competition is encouraged by monopolies
• competition is prevented by monopolies
• there is no impact
• I don't know whats happening here