7.1 The Gilded Age

7.1 The Gilded Age

8th - 11th Grade

14 Qs

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7.1 The Gilded Age

7.1 The Gilded Age

Assessment

Quiz

History

8th - 11th Grade

Hard

Used 18+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following terms means a single company that controlled virtually all the U.S. oil production and distribution?

conglomerate
monopoly
trust
integration

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the difference in vertical and horizontal integration?

they are almost the same besides which industry they focus on
vertical integration buys up oil while horizontal integration focuses on railroads
horizontal integration buys up competition while vertical integration buys all steps along the production
horizontal integration was used by Carnegie and vertical integration was used by Morgan

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following was the first "big business" and what tycoon dominated the industry?

Steel - Carnegie
Railroads - Vanderbilt
Oil - Rockefeller
Finance - Morgan

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is correct in describing the entrepreneur and their "big business"?

Andrew Carnegie = steel
John Rockefeller = railroads
Cornelius Vanderbilt = finance
JP Morgan = oil

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Rockefeller used horizontal integration, which means

you buy up all parts along the production line.
a trust controls your business.
you sell at the top of the market to make the most profit.
you buy out all competition.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the importance of the telegraph?

the transfer of information is going to connect all regions of the U.S.
money could now be transferred between individuals
it allowed for mass production of newspapers and information
it helped the South industrialize after the Civil War

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which of the following correctly describes the following cartoon?

Carnegie Steel controlled all aspects of the government during the Gilded Age.
JP Morgan was so greedy that his company "drowned" the banks and government.
Standard Oil controlled banks, government officials, and workers during the Gilded Age.
The philanthropic ways of men like Carnegie and Rockefeller helped everyone from workers to banks.

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