Gilded Age and Robber Barons

A monopoly is a company that

• Is in perfect competition with other companies

• Goes bankrupt

• Shares 50% of the industry

• Dominates and controls 90% of the industry

Robber Barons were

• Ruthless and wealthy business leaders

• Socialists

• Union advocates

• Fair to workers

The Biltmore Estate is in

• Provo, UT

• Beverly Hills, CA

• Asheville, NC

• Columbia, SC

Cornelius Vanderbilt controlled what industry

• Railroads

• Electricity

• Coal

• Oil

JP Morgan controlled what industry initially

• Gas

• Banking

• Coal

• Oil

John D. Rockefeller controlled what industry

• Railroads

• Oil

• Automobile

• Fracking

Andrew Carnegie controlled what industry

• Gas

• Automobile

• Oil

• Steel

This group of people helped fill a source for cheap labor

• Slaves

• Immigrants

• Prisoners

• Political Exiles

Workers under Robber Barons were paid

• Once a year

• Very well

• Very little

• Nothing

Robber Barons had mansions in Newport, RI

• True

• False