Industrialization, Inventors & Robber Barons

The total or complete control of a service, product or industry that prevents competition

• Union
• Robber Barron
• Monopoly
• Captain of Industry

Who was the oil tycoon who created the Standard Oil Company?

• Carnegie

• Morgan

• Rockefeller

• Vanderbilt

Cornelius Vanderbilt made his fortune in...

• flight

• oil

• railroads and steel

• automobiles

When goods are made quickly, cheaply, and efficiently and in large quantities

• Conveyor Belt

• Assembly Line

• Model-T

• Carousel

A company that eliminates its competition and controls an industry

• corporation

• trust

• business cycle

• monopoly

A place where workers work for long hours in poor conditions for little money

• corporation

• trust

• sweatshop

• business cycle

John D. Rockefeller created the Standard Oil TRUST to

• help his competition lower prices

• protect other oil companies

• donate his money to charity

• eliminate his competition and control oil prices

A robber baron was someone who...

• robbed from the rich and gave to the poor

• used ruthless and unethical business practices

• gave money to charities

• closed down their companies to help others

Labor unions were formed in the 1800s mainly to

• make money for the robber barons

• close the factories for good

• help workers with poor working conditions and wages

• make people work longer hours for less

What organization helped workers to obtain better working conditions?

• a labor union

• a monopoly

• a business

• a strike