1st 6 Weeks Review -1st

What is the MAIN idea of this cartoon?

• The Standard Oil Company was a harmful monopoly.
• The Standard Oil Company was harmless
• Government regulations were strangling the Standard Oil Company

He was known as a "Steel King."

• John D. Rockefeller
• J. Pierpont Morgan 
• Cornelius Vanderbilt
• Andrew Carnegie

He was known as an "Oil King."  He gained control of 90% of all oil refineries and pipelines in the United States in the late 1800s. 

• John D. Rockefeller
• Hiram Breer
• J. Pierpont Morgan
• Frank Duryea

Under the "Gospel of Wealth" the rich had duty to _______________. 

• spread the wealth among all people
• help the poor and improve society
• help the government and military
• None of these are correct

A ________________ controls all or nearly all the business of an industry.  

• dividend
• stock
• monopoly
• investor

The term refers to the ultra wealthy of the late 1800’s and refers to the negative image many people had of the wealthy and their business practices?

• captain of industry
• philanthropist
• robber baron
• big businessmen

Alexander Graham Bell invented this:

• Electricity
• Radio
• Telephone
• Light bulb

What is a Laissez-Faire economy?

• An economy that is completely controlled by the U.S. government
• An economy that is partially controlled by the U.S. government
• An economy that works best when there is very little involvement by the U.S. government
• An economy that is controlled by another country

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

• Carnegie Process
• Ironing Process
• Bessemer Process
• Bell Process

The first railroad to cross the United States was the....

• Union Pacific Railroad
• Central Pacific Railroad
• Missouri Railroad
• Transcontinental Railroad