The Gilded Age - Part 2

Flashcard
•
History
•
11th Grade
•
Hard
Sonya Pack
FREE Resource
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13 questions
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1.
FLASHCARD QUESTION
Front
An economic system characterized by private ownership of property and the use of that property to make a profit for the individual is called _____________.
Back
Capitalism
2.
FLASHCARD QUESTION
Front
Complete control over an industry is called a ____________.
Back
Monopoly
3.
FLASHCARD QUESTION
Front
This individual has a monopoly over steel and invested in railroad and oil companies. He sold his company to JP Morgan. He used the Bessemer Steel Process to make more products for less money. Who is he?
Back
Andrew Carnegie
4.
FLASHCARD QUESTION
Front
This individual had a monopoly over oil/gas. He built his first refinery in Pennsylvania and bought out his competitors. Who is he?
Back
John D. Rockefeller
5.
FLASHCARD QUESTION
Front
This individual had a monopoly over railroads. He started his own ferry business and bought so much stock in the NY rail line that he eventually owned the company. Who is he?
Back
Cornelius Vanderbilt
6.
FLASHCARD QUESTION
Front
This individual had a monopoly over banking. He became an accountant and his firm was the main source of US government financing. Who is he?
Back
JP Morgan
7.
FLASHCARD QUESTION
Front
Someone who uses cut-throat tactics to make a profit. Ex: Carnegie, Rockefeller and JP Morgan
Back
Robber Baron
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