Free Printable Unit 1 Test

Worksheets

Unit 1 Test

Total questions: 18

Worksheet time: 9mins

Name

Class

Date

What is laissez faire?

Land and other natural resources should be publicly owned, but capital equipment should be privately owned

Land and other natural resources should be privately owned, but capital should be publicly owned

Government will not interfere with the operation of the economy

None of the above

2. What caused the need for Unions?

Poor working conditions

Low wages

Little job security

all of the above

3. Robber Baron practices included which of the following?

a) bribed members of Congress for contracts

created monopolies in certain areas

gained their wealth by exploiting the common worker

all of the above

4. Vanderbilt made his original fortune in which field?

Railroads

Steel

Shipping

Oil

5. Rockefeller made his fortune in which industry?

crude oil

Kerosene

Rubber

all of the above

6. Exclusive control of an industry is known as ?

robber baron

monopoly

proprietary business

all of the above .

7. How did Jay Gould and Jim Frisk hinder Vanderbilt's takeover of their company?

creating an infinite amount of stock

watering down the stock

both a and b

neither a nor b .

8. Which industry is associated with Carnegie?

Railroads

Shipping

Steel

Oil

9. Which of the following created problems when transporting goods west?

Crossing the Rocky Mountains

Entering lands owned by Native Americans

Railroad taxes implemented in Western territories

Crossing the Mississippi River .

10.

10. What caused Carnegie to move away from bridges to structures?

Railroads were dying

Too much competition in the bridge industry

Steel shortage

none of the above .

11.

11. Tom Scott's protege, John D Rockefeller, became a leader in the oil industry.

True

False .

12.

12. ) Rockefeller inherited his oil business from his father.

True

False

13.

13. ) Rockefeller had a near death experience that changed his outlook on life and business.

True

False

14.

14. Immigrants provided a large workforce of unskilled laborers who were easily exploited.

True

False

15.

15. The Oil business was the nation's first big business and held much influence over the economy.

True

False

16.

16.What did Rockefeller do when the railroads asked for more money to transport his oil?

He bought all the railroads

He built his own pipeline

He began using ships to transport oil

none of the above

17.

17. Which businessman did Rockefeller destroy both personally and financially?

Andrew Carnegie

Cornelius Vanderbilt

JP Morgan

Tom Scott

18.

18. Which statement is FALSE?

Carnegie's decision to partner with Frick led to a disaster

Henry Frick's decision to lower the South Fork Dam led to its collapse

Carnegie needed Henry Frick because Carneige was not willing to "win at all costs"

Henry Frick would be considered a Captain of Industry.

100 %

Unit 1 Test

Total questions: 18

Worksheet time: 9mins

Similar Resources on Wayground