The Gilded Age

Gilded means

• Covered in a thin layer of copper

• Covered in a thin layer of bronze

• Covered in a thin layer of gold

• Covered in a thin layer of silver

A rebate is a

• a refund

• a resale

• a reduction in price

• a remake

The first billion dollar company in the US was

• Carnegie Steel

• Apple

• Amazon

• US Steel

Which American entrepreneur made his fortune in the Steel industry?

• George Westinghouse

• Andrew Carnegie

• John D. Rockefeller

• Cornelius Vanderbilt

Cornelius Vanderbilt gave all of his money to charities that he thought were important.

• True

• False

J. P. Morgan's philanthropy went to all of these except

• American Museum of Natural History

• The Met

• Carnegie Hall

• The NY Botanical Garden

True or False

Andrew Carnegie only donated his money to Vanderbilt University.

• True

• False

A monopoly is

• a reduction in price

• a company that controls all businesses in one industry

• a merger of two or more companies

• having control of all steps to turn a raw material into a finished project

A definition for philanthropy is

• donating money to Special Olympics

• donating money to public sewer projects

• donating money for public welfare and human advancement

• donating money to build bridges

John D. Rockefeller established Standard Oil Company as a monopoly by

• gaining control of all foreign sources of supply

• buying out J.P. Morgan to finance oil well development

• lowering oil prices to force competitors out of business

• purchasing Carnegie Steel Company to make steel pipes