Free Printable Robber Barons

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Robber Barons

Total questions: 18

Worksheet time: 16mins

Name

Class

Date

The sometimes unethical business practices of some business owners led them to be given this nickname

Banksters

Tycoons

Fat Cats

Robber Barons

What is a business that has no competitors in its industry?

Monopoly

Swanopoly

Oligopoly

Corporation

“The American Beauty Rose can be produced in the splendor and fragrance which bring cheer to its beholder only by sacrificing the early buds which grow up around it. This is not an evil tendency in business. It is merely the working-out of a law of nature and a law of God. “ –John Rockefeller

Which of the following conclusions could be drawn about John Rockefeller based on the quote above?

He supported the theory of Social Darwinism.

He was a strong supporter of government regulation in business.

He was a proponent of trust-busting and opposed any one company having too much control over an industry.

He welcomed competitors because he knew competition was beneficial to consumers.

What is the main idea of this cartoon?

The Standard Oil Company was a harmful monopoly.

The best way to support the Standard Oil Company was to form proprietorships.

Foreign competition with the Standard Oil Company was hurting American companies.

Government regulations were strangling the Standard Oil Company.

Why were the Industrial Capitalists referred to as "robber barons"?

Industrialists often took advantage of other people economically.

Industralists stole from the rich and gave to the poor.

Industrialists were shared buisness partnerships controlled by a CEO.

Industralists often formed conglomerates to rob smaller industries.

An economic practice where the government does NOT try to control the economy.

Gospel of Wealth

laissez faire

Social Darwinism

horizontal integration

a belief that the rich are wealthy because they are strong and the poor are weak

Social Darwinism

Gospel of Wealth

laissez faire

monopoly

the control of an entire or most of an industry by one company

laissez faire

capitalism

monopoly

patent

When a company controls everything from raw materials to the distribution of the product

horizontal integration

vertical integration

trust

monopoly

10.

In which industry did Andrew Carnegie earn his fortune?

steel

railroad

gold

oil

11.

Which industry did Rockefeller dominate?

oil

steel

communication

railroad

12.

economy based on profit and private property

capitalism

social darwinism

gospel of wealth

gilded age

13.

Westminster Whirlwind and Camden Calm-Tours are two two operators who merge.
This is...

Horizontal integration

Vertical integration

14.

If you've never gone on a family beach vacation but you're planning one now, you could refer to it as an ... decision.

unwillingly

unprecedented

protagonist

illiterate

15.

Fair; not biased; without prejudice

impartial

menace

overt

undermine

16.

How was steel produced quickly and cheaply?

Ore Coring process

Bessemer Process

Steely Dan refinement

Steel Bender

17.

John D. Rockefeller became the leader of what industry?

Automobile

Aviation

Railways

Oil

18.

Henry Ford developed what idea of mass production?

Wholesale

More the Merrier

Cut out the retailer

Assembly Line

100 %

Robber Barons

Total questions: 18

Worksheet time: 16mins

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