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WorksheetsRobber Barons & Capitalism
Total questions: 10
Worksheet time: 8mins
what is capitalism?
a law made by the president to make citizens become finally equal
an economic system in which people or corporations have private ownership of goods/businesses & invest their money in order to make a profit
the capital of a state
an economic theory of social organization which advocates the means of production, distribution, & exchange
what created monopolies?
corporations
economics
capitalism
slavery
what are public companies that sell ownership of their business in the form of stock?
corporations
industries
constructions
stock markets
a derogatory term used to describe the cut-throat practices of the industrial giants..
social darwinism
scalawags
carpetbaggers
robber barons
what drove the economy during the post- Civil War period?
railroads
construction workers
buffalo's
industrialization
Who was Cornelius Vanderbilt?
a young architect that would make blue prints for construction workers
the first railroad entrepreneur to control a direct railroad route from New York to Chicago
the first man to design/make a railroad for transportation
he invented the telegraph
who gained control of the oil industry & forced railroads to give him kickbacks and rebates that hurt his competitors?
Andrew Carnegie
Cornelius Vanderbilt
John D. Rockefeller
General Ulysses S. Grant
what is horizontal integration?
one who invests private money into other businesses in hopes of economic gain
a strategy in which a business owner combines many similar companies into one
a strategy in which you control all of the factors of production from the beginning to the end of production
several transcontinental routes helped to unite the country and promote economic growth & the development of a national market
what is vertical integration?
a business tactic to create large corporations to control their industry
the ability to transport goods/products to another state
a strategy in which a business owner combines many similar companies into one
a strategy in which you control all of the factors of production from the beginning to the end of production
what is the Gospel of Wealth?
the need for steel rails, wooden railroad ties, railroad cars, and other products to be transported for the growth of the economy
a central role of development for the increase of money
an essay that called for increased philanthropy (charity for public good)
a religious practice
