Which two men are largely credited with establishing the steel and oil industries in the United States?
A frequently-asked query:
Ford Frick and Robert Titus
Andrew Carnegie and John D. Rockefeller
J.P. Morgan and Cornelius Vanderbilt
James Duke and Jay Gould
2. Which two innovations helped spur the rise of the railroad industry?
(Points: 1)
Pullman cars and the ease of laying new trackcheap operating costs and wooden tracks
new car connection techniques and a large variety of track sizes
air brakes and public land grants to railroad companies
3. What is a monopoly?
(Points: 1)
vertical integration that connects one business with anotherhorizontal integration that connects one business with another
complete control of a commodity, business, or product
a plan to build competition throughout an industry
4. Which inventor is incorrectly paired with an invention?
(Points: 1)
air brakesGeorge Westinghouselight bulbThomas Edison
Kodak cameraGeorge Eastman
telegraph machineAlexander Graham Bell
5. What was the most common impact of new inventions on American life?
(Points: 1)
They increased costs and provided a basis for family disputes.They reduced costs, but made life more difficult.
They created problems, increased pollution, and made life harder.
They made life easier, more productive, and more profitable.
6. Which of the following titans of industry played a major role in holding the economic system together with his banking and business practices?
(Points: 1)
Cornelius VanderbiltJ.P. Morgan
James Duke
Jay Gould
7. Which of the following was an attempt to restrict a monopoly of the U.S. oil industry?
(Points: 1)
Dingley Act of 1897Sherman Anti-Trust Act
Interstate Commerce Commission
McKinley Tariff of 1890
8. What law did Congress pass to ensure "reasonable and just" railroad rates?
(Points: 1)
Standard Oil Trust ActSherman Antitrust Act
Dingley Act of 1897
Interstate Commerce Act
9. Which of the following could have been inspired by Andrew Carnegie’s "Gospel of Wealth"?
(Points: 1)
donate money to develop an institute for medical researchhost a party for rich friends to meet each other
charge high shipping rates to cattle farmers
attempt to create a monopoly in a new industry
10. Whose stories promoted the idea that a person could be successful with hard work and honesty?
(Points: 1)
Andrew CarnegieEdward Bellamy
Henry George
Horatio Alger