Industry Captains Quiz

What is a monopoly?

• A company that sells only one product

• A company that controls a whole market

• A company that operates in multiple countries

• A company that has no competition

Who were some of the industry captains during the Industrial Revolution?

• Edison, Tesla, and Bell

• Carnegie, Morgan, Rockefeller, and Vanderbilt

• Ford, Jobs, and Gates

• Wright, Armstrong, and Marconi

What did Andrew Carnegie's company specialize in?

• Oil production

• Steel production

• Textile manufacturing

• Automobile manufacturing

What did Andrew Carnegie do after selling his business?

• Retired to a private island

• Devoted himself to philanthropy

• Started a new business in textiles

• Became a politician

What did Cornelius Vanderbilt's company provide in the 1870s?

• Oil refineries

• Jobs for thousands

• Banking services

• Educational scholarships

Which captain used his connections with British bankers to arrange capital for growing businesses in America?

• Andrew Carnegie

• J.P. Morgan

• John D. Rockefeller

• Cornelius Vanderbilt

Who quit school at age 11 to work with his father in boating?

• Andrew Carnegie

• J.P. Morgan

• John D. Rockefeller

• Cornelius Vanderbilt

Which best describes a monopoly?

• A company that has several close competitors.

• A company that controls an entire market.

• A company that charges expensive prices.

• A company that is owned by a wealthy businessman.

Why was it important that Andrew Carnegie met Henry Bessemer?

• Bessemer told him about his new method to make steel from iron.

• Bessemer became an investor in Carnegie’s businesses.

• Bessemer taught Carnegie all about railroads.

• Bessemer invested in Carnegie’s oil company.

Which of the following best completes the analogy? Carnegie : steel :: Rockefeller : ___________

• Steamboat

• Banking

• Oil

• Railroad