2023-2024 Final Review - Expansion of Industry & Gilded Age

What was one reason for John D. Rockefeller being labeled as a robber baron?

• He was known for his philanthropic efforts and charitable donations.

• He established a monopoly in the oil industry, leading to unfair business practices.

• He advocated for environmental conservation and sustainable business practices.

• He focused on creating a positive work environment for his employees.

What industry did Andrew Carnegie primarily make his fortune in?

• Textile industry

• Steel industry

• Oil industry

• Railway industry

Who is known for inventing an inexpensive method for the production of steel?

• Thomas Edison

• Henry Bessemer

• James Watt

• Isaac Newton

Who developed the first commercially successful oil well?

• John D. Rockefeller

• Edwin L. Drake

• Henry Ford

• George Westinghouse

What was the primary product of the oil refining process in the 1850s that led to the production of a byproduct like gasoline?

• Kerosene

• Asphalt

• Diesel

• Natural gas

What is the term used to describe organizations established by employees to negotiate with employers for better working conditions and wages?

• Worker's Alliance

• Employee Council

• Labor Unions

• Workforce Coalition

What was the key approach adopted by Rockefeller for gaining dominance in the oil industry?

• Partnership

• Trust

• Consortium

• Monopoly

Which of the following was NOT a factor in the development of industry?

• Availability of labor

• Plentiful new inventions

• Insufficient financial resources

• Access to raw materials and energy

Cornelius Vanderbilt was a captain of which industry?

• Oil

• Steel

• Textiles

• Shipping and railroads

In 1885, which building became the world's first modern skyscraper?

• Empire State Building

• Chrysler Building

• Home Insurance Building

• Sears Tower