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The Men Who Built America, Part 1

Total questions: 21

Worksheet time: 16mins

Name
Class
Date
1.

What is the nickname that Vanderbilt received due to his business dealings in the shipping industry?

a)

Captain

b)

Commodore

c)

Admiral

d)

General

2.

What industry did Vanderbilt invest in after moving on from the shipping industry?

a)

Steamships

b)

Canals

c)

Aqueducts

d)

Railroads

3.

Who did Vanderbilt team with to form a powerful business alliance?

a)

Rockefeller

b)

Carnegie

c)

Morgan

d)

Edison

4.

What did Rockefeller's father do for a living?

a)

He was a circus actor

b)

He was wild-game hunter

c)

He was a traveling storyteller

d)

He was a scam artist

5.

What is the name of Rockefeller's wealthy oil business?

a)

Standard Oil

b)

Petroleum Standard

c)

Natural Gas

d)

Standard kerosene

6.

What did Rockefeller promise to do for Vanderbilt?

a)

Fill up all his trains with shipments of oil.

b)

Stop refining oil in Cleveland and focus on Chicago, instead.

c)

Adapt Vanderbilt’s trains to run on the “wonder fuel” of kerosene.

d)

Support the railroad industry for the next 25 years.

7.

Who wanted to take Vanderbilt's place as “king of the railroads?"

a)

William of Orange

b)

John D. Rockefeller

c)

Tom Scott

d)

Andrew Carnegie

8.

What triggered America’s first full-blown depression?

a)

Vanderbilt's death

b)

Rockefeller going out of business

c)

The Panic of 1873

d)

The stock market crash in October, 1929

9.

Which phrase summarizes Rockefeller’s personal beliefs about business?

a)

“Monetary easing”

b)

“Government interventionism”

c)

“You shall not crucify mankind upon a cross of gold”

d)

“Survival of the fittest”

10.

Andrew Carnegie gained control of a large percentage of the steel company by doing all of the following EXCEPT

a)

Buying out his supporters

b)

Cutting the quality of his products

c)

Buying out his competitors

d)

Underselling his competitors

11.

Refined Oil is also known as which of the following

a)

Gasoline

b)

Kerosene

c)

Valvoline

d)

Petroleum

12.

What is a share of stock

a)

Stocks that you share with your friends

b)

A mathematical formula for entrepreneurial success.

c)

Soup that was shared with the poor

d)

A portion of ownership in a company

13.

What happened to Tom Scott's railroad business in the end?

a)

It became hugely successful in the end

b)

It was burned and destroyed by it's workers

c)

He sold it to Vanderbilt

d)

He lost it in a gambling game.

14.

At what age did Vanderbilt die?

a)

62

b)

72

c)

82

d)

52

15.

In what city did the industrial growth begin?

a)

Chicago

b)

Pittsburgh

c)

New York city

d)

Detroit

16.

Who started their business off using ships?

a)

Carnegie

b)

Ford

c)

Scott

d)

Vanderbilt

17.

What industry allowed our economy to grow?

a)

Cars

b)

Horses

c)

Railroads

d)

Planes

18.

What was oil called?

a)

Black tar

b)

Devils blood

c)

Liquid gold

19.

What made kerosene so unique?

a)

It had a nice smell

b)

It burned clean

c)

It was not highly combustible

d)

It was very expensive

20.

What is a monopoly?

a)

A board game

b)

Complete control and dominance in an industry

c)

A loss of control over one's business

21.

What was the depression?

a)

A period of extreme wealth for the country

b)

A period of extreme hunger

c)

A period of extreme unemployment

d)

A period of great expansion