Rockefeller & Carnegie

Where was John D. Rockefeller born?

• England

• The U.S.

• Scotland

Rockefeller started his first oil company in 1870.

By 1882, he ___________________.

• he had partnered with a friend and they had made a little profit.

• had gone bankrupt twice because of his unsuccessful business practices.

• controlled almost all of the oil business in the U.S.

When he was 20 years old, he started a business hay, meats, grains, and other goods (commodities).

After his first year in business, he ______________.

• had been highly successful, making $450,000 in profit (or 14.7 million dollars by today's standards).

• had lost everything because he did not know how to run a successful business.

• decided to quit trying to manage companies so that he could become an engineer.

What do oil factories do?

• They sell gas.

• They sell oil.

• They turn oil into gasoline and other fuels.

How was Rockefeller able to control most of the oil industry in the U.S.?

• His name was famous so people preferred buying from him.

• He was a bully and everybody was scared of him.

• He made wise choices with his money and began buying up all the other oil companies in the U.S.

How many children did Rockefeller have?

• 4

• 5

• 6

Why did the government force Rockefeller to divide

his oil company into smaller businesses?

• The government had tried to make some illegal dealings with Rockefeller and he didn't agree, so they tried to shut his business down.

• The highest court in Ohio ruled that Rockefeller monopolized the oil industry and that it was illegal.

• The government didn't like Rockefeller because he didn't pay his taxes properly.

What two major universities in the U.S. did Rockefeller financially support?

• Rockefeller University & Penn State.

• Rockefeller University & The University of New York.

• Rockefeller University & the University of Chicago.

What is a robber baron and why are Rockefeller & Carnegie

both called this by many people?

• A robber baron is a person who has become rich through ruthless & unscrupulous business practices.

• A robber baron is a person who steals from the rich to give to the poor, like Robin Hood.

• A robber baron is a business person who disrespects their employees.

The court in Ohio passed ruled that Rockefeller had to split up his company. A few years later, he tried to put his company back together & the court once again made him stop.

Congress then passed a law prohibiting anyone from monopolizing (or controlling) any industry. What was that Act called?

• The Antitrust Act

• The Sherman Act

• The Sherman Antitrust Act