"Big Business and the Monopoly" Reading Quiz

When did the Industrial Revolution start in England?

• Late 1600s

• Late 1700s

• Late 1800s

• Late 1900s

What was the main goal of businesses during the Industrial Revolution?

• To help consumers

• To make money

• To reduce pollution

• To create jobs

Who started the Standard Oil Company in 1867?

• Andrew Carnegie

• Cornelius Vanderbilt

• J.P. Morgan

• John D. Rockefeller

What percentage of the petroleum industry did the Standard Oil Company control by the late 1870s?

• 50 percent

• 70 percent

• 90 percent

• 100 percent

What did the Sherman Anti-Trust Act make illegal?

• Forming monopolies

• Raising taxes

• Lowering wages

• Importing goods

The Industrial Revolution started in _______ in the 1700s and spread to the United States.

• France

• England

• Canada

• Mexico

A _______ is when a company gets rid of competition and gets total control of a product or service.

• government

• business

• monopoly

• revolution

John D. Rockefeller started a company that controlled 90 percent of the _______ industry in the United States by the late 1870s.

• steel

• textile

• petroleum

• railroad

By the late 1800s, Americans wanted the government to take action against monopolies because _______.

• all of the above

• small business owners found it hard to compete with larger companies

• consumers were afraid the prices of goods and services would go up

• consumers were afraid monopolies could charge any price they wanted

In response to Americans’ demands, Congress passed the _______.

• Interstate Commerce Act

• Sherman Anti-Trust Act

• Homestead Act

• Morrill Act