Gilded Age Terms

Who was the captain of the steel industry?

• Andrew Carnegie

• Cornelius Vanderbilt

• JP Morgan

• John D. Rockefeller

Who had a monopoly on the oil business?

• Andrew Carnegie

• JP Morgan

• Cornelius Vanderbilt

• John D. Rockefeller

Who greatly expanded the American railroad system?

• Andrew Carnegie

• Cornelius Vanderbilt

• JP Morgan

• John D. Rockefeller

J.P. Morgan made a fortune through...

• Banking and Electricity

• Steel and Oil

• Railroad and Shipping

• Automobiles and the Assembly Line

Which invention of the 1800s did NOT contribute to the rise of big business?

• Railroads

• Telephones

• Bicycles

• Light bulb

Which city became the core of the steel industry during industrialization?

• Detroit, MI

• Atlanta, GA

• New York City, NY

• Pittsburgh, PA

What is one reason many Americans moved from rural to urban areas?

• urban areas

• immigration laws

• better heating

• job opportunities

The complete control of an industry by one company or person is known as

• A Monopoly

• A Corporation

• A Trust

• A Business

What is an economic system based on the private ownership of businesses. This is the type of economy the US has

• Communism

• Socialism

• Capitalism

• Democracy

A group of workers that tries to help its members is known as

• Workers United

• Corporation

• Trust

• Labor Union