WorksheetsCaptains of Industry
Total questions: 28
Worksheet time: 15mins
What were the four big businesses that transformed America between 1870 and 1914?
Railroads, steel, coal, and oil
Automobiles, textiles, agriculture, and banking
Telecommunications, technology, entertainment, and healthcare
Construction, manufacturing, finance, and retail
Which industry was Cornelius Vanderbilt primarily involved in?
Railroads
Steel
Oil
Banking
What was Cornelius Vanderbilt's goal in life?
To become the largest employer in America
To build several huge mansions
To give generously to many causes
To become rich
What did Andrew Carnegie do with 90 percent of his wealth?
Invested in more companies
Built schools and colleges
Donated to medical research
Started a university
What is the main ingredient used to make steel?
Iron ore
Cotton
Coal
Limestone
Which industry did John D. Rockefeller dominate?
Shipping and railroads
Steel
Oil
Banking
What did John D. Rockefeller do with his fortune?
Invested in more businesses
Funded medical research and public health efforts
Built art and book collections
Started a charitable organization
What was J.P. Morgan's main area of expertise?
Shipping and railroads
Steel
Oil
Banking
What did J.P. Morgan do with his wealth?
Invested in more companies
Donated to museums and libraries
Funded medical research
Started a university
What is a monopoly?
A group that helps others by giving them money
A group of companies that join together to limit competition
A product or business with only one seller who can control the price and availability
A type of game played by big businesses
What did the U.S. government do in response to the power held by huge corporations?
Broke up some big companies into smaller businesses
Provided financial support to the corporations
Encouraged the corporations to merge into bigger companies
Imposed higher taxes on the corporations
What term is used to describe Rockefeller's Standard Oil and the railroad mergers arranged by J.P. Morgan?
Trusts
Monopolies
Philanthropies
Corporations
What did Andrew Carnegie do before becoming involved in the steel industry?
Worked at a cotton mill and invested in transportation businesses.
Operated a ferry business
Sold medical cures
Lent money to American businesses
What did Cornelius Vanderbilt do before becoming involved in the railroad industry?
Worked at a cotton mill and invested in transportation businesses.
Operated a ferry business
Sold medical cures
Lent money to American businesses
What did Cornelius Vanderbilt do to expand his empire?
Invested in struggling railroad companies
Started a university
Built huge mansions
Gave generously to many causes
What did John D. Rockefeller do to control the oil industry?
Started his own oil company
Bought up all his competitors
Invested in steel mills
Provided great service to customers
Match the following
Cornelius Vanderbilt
railroads
Andrew Carnegie
Steel
J.P. Morgan
banking
John D. Rockefeller
oil
Who was known for helping businesses merge and create trusts?
Cornelius Vanderbilt
Andrew Carnegie
J.P. Morgan
John D. Rockefeller
Standard Oil was considered the first monopoly and was eventually broken up by the government.
True
False
Who owned the first private house to be powered by electricity?
Cornelius Vanderbilt
Andrew Carnegie
John D. Rockefeller
J.P. Morgan
A group that help others by giving money or providing volunteer workers is known as -
philanthropy
trust
monopoly
charity
Which of the 4 famous men was from Scotland?
Cornelius Vanderbilt
Andrew Carnegie
J.P. Morgan
John D. Rockefeller
How did Vanderbilt grow his business into an empire?
bought up struggling railroad companies
invested in companies that used steel
bought out all his competitors and was in a great location 1/2 way between the east coast and Chicago
helped companies merge into bigger companies called trusts
How did Rockefeller grow his business into an empire?
bought up struggling railroad companies
invested in companies that used steel
bought out all his competitors and was in a great location 1/2 way between the east coast and Chicago
helped companies merge into bigger companies called trusts
How did J.P. Morgan grow his business into an empire?
bought up struggling railroad companies
invested in companies that used steel
bought out all his competitors and was in a great location 1/2 way between the east coast and Chicago
helped companies merge into bigger companies called trusts
How did Carnegie grow his business into an empire?
bought up struggling railroad companies
invested in companies that used steel
bought out all his competitors and was in a great location 1/2 way between the east coast and Chicago
helped companies merge into bigger companies called trusts
What university did Cornelius Vanderbilt start?
Cornell University
Vanderbilt University
Harvard University
Princeton University
What happens to consumers when monopolies exist?
our prices go up & selection goes down
our prices go down & selection goes up
our prices go up & selection goes up
our prices go down & selection goes down
