Unit 1 Review Quiz

This process converted iron to steel and allowed for taller buildings, longer bridges, and heavier machinery.

• Carnegie Process

• Ironing Process

• Bessemer Process

• Bell Process

This person invented the phonograph, audio recorder, battery, and electric lightbulb.

• Thomas Edison

• Nicolai Tesla

• Andrew Carnegie

• Alexander Graham Bell

This man was controlled the railroad industry during the Gilded Age

• Andrew Carnegie

• John D Rockefelelr

• JP Morgan

• Cornelius Vanderbilt

This man owned Standard Oil and controlled most of the oil industry during the Gilded Age

• John D Rockefeller

• JP Morgan

• Cornelius Vanderbilt

• Andrew Carnegie

This man gained his wealth and power from banking and finances during the Gilded Age

• JP Morgan

• Cornelius Vanderbilt

• Andrew Carnegie

• John D Rockefeller

This type of monopoly involves companies buying all of the similar companies (Standard Oil)

• Horizontal Integration

• Vertical Integration

This type of monopoly involves companies buying all of the similar companies

• Vertical Integration

• Horizontal Integration

This type of monopoly involves buying each step of the production process (Carnegie Steel)

• Vertical Integration

• Horizontal Integration

This type of monopoly involves buying each step of the production process

• Horizontal Integration

• Vertical Integration

Wealthy monopolists believed that God's will gave them wealth and power so they could serve society.

• Social Gospel

• Gospel of Wealth

• Social Darwinism

• Gospel of Trusts