Corporations, Big Business and Monopolists

What were Rockefeller, Carnegie and Morgan were sometimes negatively referred to as?

• Greenbacks
• Political Machines
• Robber Barrons
• Philanthropists

Standard gauge, standard time and the Pullman car were all parts of what industry?

• The Oil Industry
• The Automobile Industry
• The Monopolist Industry
• The Railroad Industry

What business strategy did Rockefeller use to dominate the OIL industry?

• Healthy Competition
• Horizontal and Vertical Integration
• Voluntary and friendly mergers

John D. Rockefellar is associated with what company?

• Carnegie Steel
• Pullman Car
• Standard Oil
• Rockefellar Rail

How did railroad executives eliminate competition?

• some gave secret rebates or discounts to their biggest customers one method for ending the competition was a pool in which several railroad companies agreed to divide up the businesses in an area

• created thousands of jobs pioneered new ways of managing businesses brought people together

• railroad companies all used tracks of different gauges and therefore could not connect. this made transportation slower and let to the construction of a network of railroads

what was the impact of monopolies on consumers

• higher prices that consumers were forced to pay

• lower prices and too many choices for consumers

• Longer production time so less items available to consumers

what was the impact of monopolies on workers

• low wages, unsanitary dangerous conditions, long hours

• a lot of wages

• dangerous conditions

• short hours

what was the impact of monopolies on democracy

• monopolists gave $$ to politicians, politicians pass laws that favor monopolist

• they didn't give them money

• they hated them

• they liked them

Why were trusts/monopolies so BAD during the Gilded Age?

• They grew the economy of the United States.

• They created new products that were helpful to the world.

• They corrupted the government and controlled the price of goods.

Where did most city workers live during the Gilded Age? 

• In newly built sky scrapers built of steel
• In suburban homes so their children could get a good education
• In crowded tenements that were falling apart
• In homes provided by the factories for a small rent