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Robber Barons 101

Total questions: 5

Worksheet time: 5mins

Name
Class
Date
1.

Match the following Captains of Industry / Robber Barons with the industry they dominated.

Cornelius Vanderbilt

Railroads

Carnegie

Steel

Rockefeller

Standard Oil

JP Morgan

Finance

2.

Match the following

A business strategy in which a company expands its presence and control over the production or distribution of similar products or services by acquiring or merging with competitors operating in the same industry.

Horizontal integration

A business strategy where a company extends its control over different stages of the production process or distribution chain of its products or services.

Vertical integration

A market structure in which a single seller or producer dominates the entire market for a particular product or service, giving it significant control over price and supply.

Monopoly

This allows a small group of owners to exert significant influence over prices, production, and competition within that industry.

Trust

3.

Which two terms are often associated with ultra wealthy capitalist of the Gilded Age?

a)

Robber barons

b)

Titans of Business

c)

Captains of Industry

d)

Monarchs of Industry

4.

In an effort to bolster their image (make themselves look better) many robber barons engaged in?

a)

Lobbying for favorable government regulations.

b)

Exploiting workers and manipulating markets.

c)

Engaging in philanthropy or charitable activities.

d)

Forming monopolies to dominate industries.

5.

During the late 19th and early 20th centuries, what ideology applied Charles Darwin's theory of natural selection to human society, often justifying social inequalities and laissez-faire capitalism?

a)

Utilitarianism

b)

Social Darwinism

c)

Philanthropy

d)

Anarchism