Quiz on Robber Barons

What kind of wages did robber barons pay?

• Extremely high wages

• Fair wages

• Extremely low wages

• No wages

How did robber barons treat working conditions?

• They improved them

• They ignored them

• They allowed poor conditions

• They made them luxurious

What term is used to describe businessmen with unethical practices?

• Philanthropist

• Robber baron

• Entrepreneur

• Innovator

What is a monopoly?

• When one person or bussiness controls a whole industry

• A board game about real estate

• A type of government

• A small business

Which industry was Cornelius Vanderbilt associated with?

• Oil Industry

• Railroad Industry

• Banking

• Steel Industry

John D. Rockefeller was a captain of which industry?

• Steel Industry

• Railroad Industry

• Oil Industry

• Banking

JP Morgan was known for his role in which industry?

• Steel Industry

• Banking

• Oil Industry

• Railroad Industry

Which industry did Andrew Carnegie dominate?

• Oil Industry

• Railroad Industry

• Steel Industry

• Banking

Which of the following best describes the impact of monopolies during the era of the Robber Barons?

• They led to a significant decrease in product innovation

• They contributed to economic stability by eliminating competition

• They resulted in higher prices and less choice for consumers

• They ensured fair trade practices were maintained

One reason John D. Rockefeller, Andrew Carnegie, and J.P. Morgan were sometimes called robber barons was because they

• Robbed form the rich to give to the poor

• Made unnecessarily risky investments

• Used ruthless business tactics against their competitors

• Stole money from the federal government