MWBA5

Who used intimidation to build a railroad empire?

• Cornelius Vanderbilt

• Henry Frick

• John D. Rockefeller

• Andrew Carnegie

Which empire was Andrew Carnegie known for building?

• Railroad

• Steel

• Banking

• Oil

What was the main reason for the strike at Carnegie Steel?

• Wage reductions

• Unsafe working conditions

• Long working hours

• All of the above

What was the outcome of Henry Frick's actions during the labor dispute?

• He was nearly assassinated

• He was demoted

• He was promoted

• He resigned

What industry did J.P. Morgan consolidate to stabilize the economy?

• Oil

• Banking

• Railroad

• Steel

What was J.P. Morgan's strategy for stabilizing industries?

• Consolidating and eliminating competition

• Introducing new technologies

• Creating monopolies

• Lowering prices

How did J.P. Morgan view competition in business?

• As a driving force for innovation

• As something to be avoided at all costs

• As a necessary evil

• As an opportunity for collaboration

Who did J.P. Morgan partner with to invest in electricity?

• George Westinghouse

• Thomas Edison

• Henry Ford

• Nikola Tesla

What innovation did Morgan and Edison focus on?

• Automobiles

• Electricity

• Steel production

• Telegraphy

What was Tesla's major contribution to the electrical industry?

• Direct Current (DC)

• Alternating Current (AC)

• The light bulb

• The phonograph