The Rise of Big Business

During the Gilded Age came the rise of monopolies which were-

• government bargains with organized crime

• businesses so large and powerful they had no competition

• large donation from rich individuals to public charities

• corrupt political engines which controlled city governments

Which describes John D Rockefeller?

• The creator of the Standard Oil company and the richest man in American history

• The creator of the Carnegie Steel company and a famous philanthropist

• The creator of General Electric and American Telephone and Telegraph

• The leader of Tammany Hall, a political machine that controlled New York City

Which describes Andrew Carnegie?

• The creator of the Standard Oil company and the richest man in American history

• The creator of the Carnegie Steel company and a famous philanthropist

• The creator of General Electric and American Telephone and Telegraph

• The leader of Tammany Hall, a political machine that controlled New York City

Why are Captains of Industry such as Rockefeller and Carnegie also known as Robber Barons?

• They were secretly criminal masterminds

• They used ruthless business tactics to get rid of their competition

• They secretly controlled major government industries

• They stole millions from government and international agencies

During the Gilded Age the government adopted a policy of laissez-faire capitalism which meant-

• It was "hands off" and not regulating the economy or businesses

• It forced poor workers to pay the most taxes

• The government controlled all resources in the economy

• It forced businesses to pay workers a fair wage

Cartoons such as this one described a problem with big business in the Gilded Age which was-

• the emergence of billionares

• businesses becoming powerful enough to control the federal government

• the federal government becoming too powerful to be stopped

• corrupt political engines controlling city governments

According to the Gospel of wealth" The Best Means of of benefiting the community is to place within their reach the ladders upon the aspiring can arise" meaning

• Build more businesses

• Build Libraries, parks and recreation

• Build Railroads

• Buld nothing more than what is most essential

Why was it called the "Gilded Age"?

• America had many organizations for immigrants to join.

• America looked bright and shiny from the outside, but had problems, like corruption.

• It was beginning to build many large cities, with skyscrapers.

Competing businesses that cooperate to act like a monopoly

• Trust
• Corporation
• Holding company
• Infrastructure