Gilded Age Robber Barons Quiz

What is the practice of controlling an entire industry known as?

• Cartel

• Competition

• Oligopoly

• Monopoly

Who dominated the banking and finance industry during the Gilded Age?

• JP Morgan

• Andrew Carnegie

• John D. Rockefeller

• Cornelius Vanderbilt

Who was America's first billionaire and founder of the Standard Oil Company?

• Andrew Carnegie

• John D. Rockefeller

• Cornelius Vanderbilt

• JP Morgan

What process is known as buying up companies to eliminate competition?

• Monopolization

• Vertical integration

• Horizontal integration

• Consolidation

Who became one of the richest people in American history through his Carnegie Steel Company?

• JP Morgan

• Andrew Carnegie

• John D. Rockefeller

• Cornelius Vanderbilt

What did Andrew Carnegie utilize to own every aspect of the business, from the mines to the factories, to the railroads that shipped his steel?

• Vertical integration

• Horizontal integration

• Monopolization

• Consolidation

Who transformed Carnegie Steel into the U.S. Steel Corporation?

• Cornelius Vanderbilt

• Andrew Carnegie

• John D. Rockefeller

• JP Morgan

What is the debate in American history about whether these wealthy business tycoons are robber barons or captains of industry based on?

• Their political influence

• Their philanthropy

• Their business practices

• Their charitable donations