Gilded Age

What is the Gilded Age known for?

• Expansion of the middle class

• Growth of major businesses

• Reduction in immigration

• Decrease in factory operations

Which industry was most responsible for connecting different regions of the U.S. after the Civil War?

• Steel industry

• Oil industry

• Railroad industry

• Textile industry

What production method helped Andrew Carnegie build a successful steel empire?

• The assembly line

• The Bessemer process

• Hydraulic fracturing

• Water-powered machinery

Which entrepreneur became famous for controlling 90% of the oil refining business in the U.S.?

• Andrew Carnegie

• Cornelius Vanderbilt

• J.P. Morgan

• John D. Rockefeller

Which strategy did John D. Rockefeller use to dominate the oil industry?

• Horizontal integration

• Vertical integration

• Diagonal integration

• Dimensional integration

Why were monopolies harmful to consumers during the Gilded Age?

• They provided better customer service

• They lowered the cost of goods

• They eliminated competition and raised prices

• They encouraged new businesses

Which of the following industries was a major customer for the steel industry during the Gilded Age?

• Oil industry

• • Railroad industry

• Textile industry

• Automobile industry

What made Andrew Carnegie different from other big business leaders of the Gilded Age?

• He focused solely on steel production

• He was known for his philanthropy

• He refused to use vertical integration

• He avoided monopolies

What was the purpose of vertical integration used by Carnegie?

• To cut costs by controlling every stage of production

• To diversify into new markets

• • To hire more workers

• To create more competition

1. What was one major result of the rise of trusts and monopolies in the Gilded Age?

• Increased competition

• • Lower prices for consumers

• Higher prices and reduced competition

• • Improved labor conditions