Read & Cite (Indust.) CFU

What industry was the first to see the rise of 'big business' and the creation of corporate empires in the late 1800s?

• Transportation

• Coal

• Oil

• Finance

Tags

Corporations

Who was the railroad tycoon who built the most valuable railroad empire in the late 1800s?

• Leland Stanford

• Collis P. Huntington

• Charles Crocker

• Cornelius Vanderbilt

Tags

Railroads/Vanderbilt

In the early 1800s, there was really no such thing as a "nation-wide business."

What technological advances contributed to the expansion of national businesses in the late 1800s?

• Improved transportation and communication

• Advanced manufacturing techniques

• Renewable energy sources

• Medical breakthroughs

Tags

Corporations

Andrew Carnegie was able to buy multiple businesses that represented EACH STEP in the steel manufacturing and selling process. This business strategy is called...

• Vertical integration

• Horizontal integration

• Monopoly control

• Price manipulation

Tags

Integration

What term is used to describe when one person controls more than 90% of a single industry?

• Monopoly

• Corporation

• Trust

• Integration

Tags

Corporations

Monopoly

Who revolutionized the oil industry and controlled about 40 oil refineries in the late 1800s?

• Andrew Carnegie

• John D. Rockefeller

• Cornelius Vanderbilt

• J.P. Morgan

Tags

Oil/Rockefeller

What law was passed in 1890 to break up monopolies?

• The Sherman Antitrust Act

• The Monopoly Regulation Act

• The Business Consolidation Act

• The Trust Dissolution Act

Tags

Oil/Rockefeller

Monopoly

Sherman Anti-Trust Act

What did the federal government do to Standard Oil under the Sherman Antitrust Act?

• Broke it up into 34 different companies

• Provided financial support to help it grow

• Granted it exclusive rights in the oil industry

• Imposed heavy taxes and regulations

Tags

Monopoly

Sherman Anti-Trust Act

What term was used to describe the business empire-builders of the late 1800s who were accused of being cold-hearted and greedy?

• Robber barons

• Corporate giants

• Industrial pioneers

• Business magnates

Tags

Corporations

Bad Side of Indust.

According to the article, what was the positive impact that business empire-builders of the late 1800s had on the United States?

• Industrial capacity and power

• Political stability and unity

• Social equality and justice

• Environmental sustainability

Tags

Corporations