WorksheetsBusiness & Industry 2 (Monopolies)
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
The US grew industrially during the period 1865-1900 for all of the following reasons EXCEPT
a)
Millionaires created by the Civil War
b)
Lots of natural resources like iron, coal, & oil
c)
Cheap labor in the form of immigrants
d)
Strong middle class workforce
2.
The inventor of such items like the phonograph, electric generator, & movie projector was
a)
Alexander Graham Bell
b)
Thomas Edison
c)
Nicola Tesla
d)
Eli Whitney
3.
Companies who control all the different phases of the business to control profits & maximize efficiency use the method called
a)
Horizontal Integration
b)
Vertical Integration
c)
Big Business Model
d)
Maximum Profit Idea
4.
Companies who specialize in one area of business use the method of organization called
a)
Horizontal Integration
b)
Vertical Integration
c)
Bug Business Model
d)
Maximum Profit Idea
5.
The method of melting iron & blowing air to remove impurities, creating steel, is called the
a)
Kelly Process
b)
Carnegie Steel Method
c)
Bessemer Process
d)
Steel Folding Process
6.
Another term for monopoly during the period 1865-1900 was
a)
Big Business
b)
Trust
c)
Giant of Industry
d)
Forbes 500
7.
The man responsible for founding the biggest steel corporation in the US during the period 1865-1900 was
a)
JP Morgan
b)
Andrew Carnegie
c)
John D. Rockefeller
d)
Cornelius Vanderbilt
8.
The man who founded the first billion dollar corporation in the US in 1901 by purchasing the biggest steel company in the country was
a)
JP Morgan
b)
Andrew Carnegie
c)
John D. Rockefeller
d)
Cornelius Vanderbilt
9.
The biggest oil company in the US during the period 1865-1900 was created by
a)
JP Morgan
b)
Andrew Carnegie
c)
John D. Rockefeller
d)
Cornelius Vanderbilt
10.
The inventor of the telephone in 1876 was
a)
Thomas Edison
b)
Nicola Tesla
c)
Alexander Graham Bell
d)
Eli Whitney
100 %
