Unit 2 American Industry 2022

Who was the "captain of industry" who created the Standard Oil Trust?

• Andrew Carnegie
• John D. Rockefeller
• Henry Ford
• Cornelius Vanderbilt

Technological development most revolutionized US steel industry?

• Electrification
• Vulcanization
• Steam power
• Bessemer Process

Name the immigrant who invented the telephone.

• Andrew Carnegie
• John D. Rockefeller
• Thomas Edison
• Alexander Graham Bell

Why were the Industrial Capitalists referred to as "robber barons"?

• Industrialists often took advantage of other people economically.
• Industralists stole from the rich and gave to the poor.
• Industrialists were shared buisness partnerships controlled by a CEO.
• Industralists often formed conglomerates to rob smaller industries.

The total or complete control of a service, product or industry that prevents competition

• Union
• Robber Barron
• Monopoly
• Captain of Industry

In this political cartoon, how do monopolistic trusts (like Standard Oil Trust) impact competition?

• Competition is encouraged by monopolistic trusts
• competition is prevented by monopolistic trusts
• there is no impact
• the cartoon makes no statement about it

In this political cartoon, who is in charge of the Senate?

• The US Senators
• the US Constitution
• The owners of monopolies/ industrialists
• the American people

Due to the period of increased corruption from railroad companies, the U.S. government created the ___________________________  to regulate railroad companies.

• Interstate Commerce Act
• Dawes Act
• Transcontiental Act
• Laissez Faire Act 

The innovation of this transportation help open up the national market? 

• boats
• railroads
• automobiles 
• horse drawn carriages 

William Graham Sumner, a researcher during the Gilded Age,  believed that government programs to help the poor were useless because people had a certain place that could not be changed.  This philosophy was called...

• Interstate Commerce Act
• Monetary Policy
• Social Darwinism
• Welfare Capitalism