Robber Barons

A monopoly is

• creating your own business

• an exclusive possession or control of the supply of or trade in a commodity or service

• living in your home state for more than ten years

• inventing a new product and naming it after you

A trust is

• a bond between friends

• when you bury money under your home

• marking money with a signature to keep track

• arrangements between companies that allowed powerful individuals to control entire industries

John D. Rockefeller controlled what industry?

• oil

• railroad

• steel

• water

Andrew Carnegie controlled what industry?

• water

• railroad

• oil

• steel

Cornelius Vanderbilt controlled what industry?

• steel

• railroad

• water

• oil

Monopolies caused the prices

• to fall for consumers

• to stay constant

• to rise for consumers

• to become irrelevant

How was wealth divided with the workers?

• wealth was not shared with the workers

• workers were placed on a dental plan

• workers often robbed the owners

• there was no money made from business

J.P. Morgan dominated what industry?

• steel

• water

• oil

• corporate finance

Which industry was the first to become a trust?

• Carnegie Steel

• Vanderbilt Towers

• Standard Oil Trust

• Morgan Insurance

What was the nickname given to Rockefeller, Carnegie, Morgan, and Vanderbilt?

• Genius

• Robber Barons

• Sheriffs

• Monsters