U6-3: Big Business #2 (1) Question Preview (ID: 50624)
SocialStudiesGames.net And SocialStudiesGames.us.
TEACHERS: click here for quick copy question ID numbers.
What was the unintended consequence of Andrew Carnegie GOSPEL OF WEALTH
a) Carnegie died poor
b) J.P. Morgan nearly monopolized the nation's railroads
c) Rich no longer feel the need to donate to charity
d) Scots Irish are the richest cultural group in the USA
Which best describes John D Rockefeller
a) Evil businessman
b) Cut throat businessman
c) Unfair monopolistic robber baron
d) an innovative entrepreneur
Bascially, Rockefeller could charge low prices because he found many uses for a barrel of oil, where as his competitors could only make money off a small portion of a barrel of oil (kerosene).
a) True
b) False
c)
d)
Which was NOT a new product from oil that was discovered by Rockefeller and his scientists?
a) Gasoline
b) Paint
c) Vaseline
d) Kerosene
Rockefeller monopolized the oil industry through innovation (better shipping methods and not wasting oil)
a) True
b) False
c)
d)
Rockefeller monopolized the oil industry by SIMPLY LOWERING PRICES
a) True
b) False
c)
d)
Who monopolized the oil refining industry?
a) Andrew Carnegie
b) John D. Rockefeller
c) Dale Carnegie
d) Cornelius Vanderbilt
Controlling ALL of one part of production
a) Horizontal Integration
b) Vertical Integration
c) Diagonal Intergration
d) Competition
Andrew Carnegie: If you make a bunch of money, you should give it away or spend it to help people
a) Welfare
b) Gospel of Wealth
c) Tithing
d) Largesse
Who vertically integrated the Steel Making Process
a) Andrew Carnegie
b) J.P. Morgan
c) John D Rockefeller
d) Cornelius Vanderbilt
Which of the following wass NOT a part of Carnegie;s vertical integration (monopoly) of the steel industry?
a) control of transporation
b) control of the bessemer process
c) control of mining
d) control of oil refining
Control all parts of production, thus can control price of a product
a) horizontal integration
b) vertical integration
c) diagonal monoply
d) communism
Play Games with the Questions above at ReviewGameZone.com
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 50624 in the upper right hand corner or click here.
To play games using the questions from above, visit ReviewGameZone.com and enter game ID number: 50624 in the upper right hand corner or click here.
TEACHERS / EDUCATORS
Log In | Sign Up / Register
Log In | Sign Up / Register