The Gilded Age - Part 2

The Gilded Age - Part 2

Assessment

Flashcard

History

11th Grade

Hard

Created by

Sonya Pack

FREE Resource

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13 questions

Show all answers

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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