Entrepreneurs and Bankers: The Evolution of Corporate Empires

Who was known as the 'Empire Builder'?

• James J. Hill

• Leland Stanford

• Collis P. Huntington

• Charles Crocker

Which company was known as 'the Octopus'?

• Great Northern Railway

• Southern Pacific Railroad

• Standard Oil

• Standard Steel

What contributed to the transformation of the nation after the Civil War?

• Expansion of communication systems

• Development of major rivers

• Decrease in railway lines

• Increase in small businesses

What was Andrew Carnegie's strategy to dominate the steel industry?

• Increase prices to maximize profit

• Cut costs and undercut competitors

• Focus on vertical integration

• Control all transportation systems

What is vertical integration?

• Controlling all steps of the manufacturing process

• Selling products to the general population

• Gaining control of oil fields

• Building transportation systems

Who revolutionized the oil industry?

• James J. Hill

• Leland Stanford

• Collis P. Huntington

• John D. Rockefeller

What did the Sherman Antitrust Act aim to do?

• Promote big business growth

• Break up monopolies

• Protect smaller businesses

• Regulate communication systems

What happened to Standard Oil after the federal government's intervention?

• It was completely shut down

• It was divided into multiple companies

• It merged with other oil companies

• It continued to dominate the oil industry

What did some Americans accuse the corporate giants of?

• Taking advantage of smaller businesses

• Contributing to the growth of the nation

• Supporting local markets

• Breaking up monopolies

How did the corporate empire-builders contribute to the United States?

• By making the nation the most powerful in the world

• By creating a fair and equal business environment

• By supporting small businesses

• By promoting international trade