Gilded Age Robber Barons Quiz

What is a monopoly?

• Control of an entire industry

• A financial crisis

• A government regulation

• A type of board game

Who was America's first billionaire?

• Elon Musk

• Cornelius Biltmore

• John D. Rockefeller

• Lebron James

What industry did JP Morgan dominate?

• Oil

• Railroads

• Banking and finance

• Steel

What is 'horizontal integration'?

• Owning every aspect of production

• Buying up companies to eliminate competition

• Investing in multiple industries

• Creating a new product line

What is 'vertical integration'?

• Owning every aspect of the business

• Investing in technology

• Selling products internationally

• Merging with competitors

Why did Rockefeller build an oil business?

• Oil was used in making chewing gum.

• Oil was needed to fuel factories and railroads.

• He was a robber baron.

• Oil has many uses

What is a robber baron?

• A famous historical figure known for philanthropy.
• A wealthy and unscrupulous businessman from the late 19th century.
• A term used for a type of medieval castle.
• A character in a popular children's book.

What is a philanthropist?

• A philanthropist is someone who avoids involvement in community service.
• A philanthropist is someone who actively supports charitable activities and initiatives.
• A philanthropist is a person who seeks personal gain through charitable acts.
• A philanthropist is someone who only donates money to political campaigns.

Why was the era called the Gilded Age?

• The era was called the Gilded Age because it was marked by a thin layer of prosperity covering deep social problems.
• The Gilded Age was named after a popular novel of the time.
• The era was called the Gilded Age due to its focus on agricultural development.
• The era was characterized by widespread equality and social harmony.

How did Vanderbilt build his wealth?

• Vanderbilt built his wealth through shipping and railroads.
• Vanderbilt made his fortune through agriculture and farming.
• Vanderbilt gained wealth by investing in technology startups.
• Vanderbilt's riches came from mining and natural resources.