SSW17 Quiz Review

Who are the people working to create goods and services?

• Tycoons 

• Labor force 

• Resources 

• Proprietors

Which term means an individual that dominates an industry?

• Labor force 

• Resource 

• Proprietor 

• Tycoon 

What term means having control over so many resources that no other business can enter the market?

• Control authority

• Dictatorship 

• Monopoly 

• Metropolis

Why did Rockefeller control pricing and shipping of oil?

• To help the Union during the Civil War 

• To put other companies out of business 

• To offer fair wages for the labor force 

• To insure the best prices for consumers

What was Ford’s great contribution to American industry?

• The assembly line 

• The gas engine 

• Different color cars 

• Employing women

How did Vanderbilt create his first fortune?

• Oil 

• Steel

• Steam ships 

• Bridges

What was Morgan’s greatest strength?

• Academics 

• Bank accounts 

• Family connections 

• Business judgment

What job did Carnegie teach himself?

• Banker 

• Railroad engineer 

• Oil refiner 

• Telegraph operator

What is philanthropy?

• Protesting against poverty 

• Giving money to worthy causes

• Running for public office 

• Researching new medicines

What common interest did Carnegie, Rockefeller, and Morgan have for their philanthropy?

• Art 

• Entertainment 

• Churches 

• Military