The Age of Big Business in the 1800s

Before the Civil War, most businesses were small operations owned and run by ____.

• Walmart

• just a few people

• Nike

• George Washington

By 1900, the economy was dominated by ___.

• big corporations

• just a few people

• google

• amazon

What is a corporation?

• a business that is owned by many people but run by a Board of Trustees

• a business that controls the majority of an industry

• a free market

• a business owned by the government

What is a monopoly? (Referring to the late 1800s)

• a board game

• a business that is owned by many people but run by a Board of Trustees

• when one business controls the majority of an industry and gets rid of their competition

• the law of supply and demand

What allowed companies the freedom to create a monopoly?

• Laissez-Faire policy

• President

• Congress

• Kellogs

Who owned the standard oil monopoly?

• Thomas Edison

• John D. Rockefeller

• Andrew Carnegie

• Cornelius Vanderbilt

Who owned the steel monopoly?

• John D. Rockefeller

• Andre Carnegie

• George Washington Carver

• Cornelius Vanderbilt

Who owned the railroad monopoly?

• John D. Rockefeller

• Andrew Carnegie

• Michael Jordan

• Cornelius Vanderbilt

What is another way to describe the Laissez-Faire policy?

• Laissez-Faire policy

• Free Market

• Closed Market

• Recession

Who was America's first billionaire?

• 
  Andrew Carnegie

• Cornelius Vanderbilt

• John D. Rockefeller

• Thomas Edison