The Rise of Big Business

This man made his fortune by owning ships and then railroads

• Rockefeller
• Carnegie
• Morgan
• Vanderbilt

Who adopted the Bessemer process and made steel much more affordable?

• Carnegie

• Rockefeller

• Morgan

• Vanderbilt

Who donated much of their wealth to libraries and universities?

• Carnegie
• Rockefeller
• Morgan
• Vanderbilt

Which description best matches the term "robber baron"?

• a leader of industry who used unfair and illegal business tactics to force other companies out of business.

• someone who their used their wealth and influence to improve the lives of the American people.

Term associated with the idea that private monopolies and artificial restrictions on trade were wrong.

• Social Darwinism

• Sherman Antitrust Act

• Economies of Scale

• Vertical Integration

Term associated with the idea that the strongest, most clever, most efficient business will survive and the weak businesses will die out.

• Social Darwinism

• Sherman Antitrust

• Economies of Scale

• Holding companies

A term for a business combination in which companies are involved in different but related businesses

• shareholders

• horizontal integration

• vertical integration

• holding company

Term where several companies engaged in the same type of business and joined together

• Horizontal integration

• Vertical Integration

• holding company

• economies of scale

Which of the following is an example of a monopoly?

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

Law granting congress authority to regulate railroad activity.

• Interstate Commerce Act
• Sherman Anti-trust act
• Railroad commission act
• Laissez Faire