7.1B: Monopolies

7.1B: Monopolies

11th Grade

10 Qs

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7.1B: Monopolies

7.1B: Monopolies

Assessment

Quiz

History

11th Grade

Practice Problem

Medium

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Standard Oil was controlled by which business leader?

John D. Rockefeller

Andrew Carnegie

Cornelius Vanderbilt

JP Morgan

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the Gilded Age, the steel industry was controlled by which business leader?

John D. Rockefeller

Andrew Carnegie

Cornelius Vanderbilt

JP Morgan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does this political cartoon show about Standard Oil during the Gilded Age?

that the monopoly was unfairly influencing the government and other industries

that the monopoly was doing a good job of reaching the government and other industries to help

that the monopoly was being overtaken by greedy leaders

that the monopoly was trying to establish an oligarchy in the US

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Does this example support the idea that business leaders during the Gilded Age were "Captains of Industry" or "Robber Barons":

Jay Gould was involved with the Tammany Hall political machine.

Captains of Industry

Robber Barons

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Does this example support the idea that business leaders during the Gilded Age were "Captains of Industry" or "Robber Barons":

Cornelius Vanderbilt gave $1 million to start Vanderbilt University.

Captains of Industry

Robber Barons

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Vertical integration is

owning at least one part of every step of production so you never have to go outside your own company to create your product; this allows the company to cut costs and drive other companies out of business

controlling the majority or all of one step of production so that consumers have no choice but to come to your business if they want that product

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Horizontal integration is

owning at least one part of every step of production so you never have to go outside your own company to create your product; this allows the company to cut costs and drive other companies out of business

controlling the majority or all of one step of production so that consumers have no choice but to come to your business if they want that product

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