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Big Business

Authored by Andria Jacob

History

8th Grade

Big Business
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43 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What was the effect of the growth of monopolies?

They increased competition among similar businesses
They reduced the need for government intervention.
They spread equal wealth among the entire population.
They reduced the number of small businesses within an industry

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What is a monopoly?

A board game
When a company has no competition
When the government controls the business
Labor Unions

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which best describes John Rockefeller?

leader of a political machine
robber baron who gained vast wealth from oil
Vice President under Lincoln
leader of the last Indian tribe to be defeated

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why was John D. Rockefeller called a robber baron?

He was convicted of stealing from his company.

He used ruthless business tactics to enrich himself.

He gave much of his wealth to the poor.

he stole European art treasures.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following did the ideology of "laissez-faire" discourage?

hard work

industrialization

government regulation

the accumulation of wealth

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Industrial consolidation and trusts functioned during the late 1800's to reduce

corruption

monopolies

competition

interstate commerce

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How do monopolies harm the consumer?

they increase competition and allow for prices to drop

they eliminate competition and allow for higher prices.

they decrease the price of consumer products and increase the quality

they encourage competition, but they increase prices

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