u6-3: Big Business #2 (1)

Match it! Select the correct answer from the pull down...Good luck!

Andrew Carnegie: If you make a bunch of money, you should give it away or spend it to help people

What was the unintended consequence of Andrew Carnegie GOSPEL OF WEALTH

Which was NOT a new product from oil that was discovered by Rockefeller and his scientists?

Which of the following wass NOT a part of Carnegie;s vertical integration (monopoly) of the steel industry?

Control all parts of production, thus can control price of a product

Rockefeller monopolized the oil industry by SIMPLY LOWERING PRICES

Who vertically integrated the Steel Making Process

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).