The Rise of Big Business

Why was Cleveland a good location for Rockefeller to start his business?

• He really liked the city

• Close to oil fields in Pennsylvania

• His father had already established business there

• Had good railroad connections

Where is Andrew Carnegie from?

• England

• Pennsylvania

• Ireland

• New York

What job did Carnegie have after his boss was promoted?

• Personal Secretary

• Assistant Secretary of War

• Superintendent of the PA railway

Which of the following did J.P. Morgan not do?

• Buy Carnegie's steel/iron holdings to create the United States Steel Corporation

• Acquire railroads and reconstruct them

• Donate money to build 2,500 libraries across the country

• Create the world's first billion dollar company

True or False: Horizontal Integration is when a corporation owns all of the businesses needed to run every aspect of their production

• True

• False

The concept of limited liability holds who responsible if the company fails?

• Company owners

• Stockholders

• Both

• Neither

Which of the following is a result of state legislatures trying to limit the power of Rockefeller's oil corporation?

• Holding Company

• Standard Oil Trust

• He ran for office to combat the laws against him

When the mail order catalog first came out, what was the name of the company?

• Sears

• The Sears Watch Co.

• Sears Roebuck Co.

• The R.W. Sears Watch Co.

True or False: Julius Rosenwald bought out Roebuck's interest in Sears Co.

• True

• False

Which of the following was not an important effect of the mail order catalog?

• People did not have to go shopping anymore

• Sears went bankrupt

• First time items could be delivered directly to your door