Gilded Age & The Captains of Industry

Who made their fortune refining oil; founded Standard Oil?

• Samuel Gompers

• John D. Rockefeller

• Andrew Carnegie

• JP Morgan

What are businessmen who are known for their positive contribution to the modern industrial economy called?

• Robber Barons

• Entrepreneurs

• Leaders

• Captains of Industry

He was a Scottish immigrant who made his fortune in steel; known for the Gospel of Wealth.

• Samuel Gompers

• JP Morgan

• Andrew Carnegie

• John D. Rockefeller

What was completed at Promontory Point, Utah making it possible to travel by land to across the country.

• Interstate Commerce Act

• Transcontinental Railroad

• National Market

• Reading Railroad

The theory that government should not interfere in the operation of the free market.

• Maslow

• Bessemer Process

• Free Enterprise

• Laisez-Faire

When there is complete control of a product or service; the elimination of fair competition.

• Dictatorship

• National Market

• Opportunity Cost

• Monopoly

Which industry did Rockefeller dominate?

• oil

• steel

• communication

• railroad

This method of producing steel made production cheaper and more efficient.

• Bessemer Process

• Assembly Line

• Blast Furnace

• Vertical Integration

He invented the light bulb and helped "electrify America."

• Alexander Graham Bell

• Guglielmo Marconi

• James Hargreaves

• Thomas Edison

Henry Ford found he could produce ________ less expensively and more quickly by using factory assembly lines.

• airplanes

• Model-T automobiles

• radios

• telephones