Ch. 3 The Gilded Age pp. 16-18

Whose Standard Oil Company grew to control 90 percent of all U.S. oil production?

• Andrew Carnegie
• J.P. Morgan
• John D. Rockefeller
• Henry Ford

Who was the leading banker in the United States during the Gilded Age?

• Andrew Carnegie
• J.P. Morgan
• Cornelius Vanderbilt
• John D. Rockefeller

_______________ resulted in the rich getting richer during the Gilded Age, while most wage earners struggled to earn a living.

• Vertical integreation

• Industrialization

• Economic disparity

• Labor unions and strikes

Who invented the process for making steel in England?

• Henry Bessemer
• Andrew Carnegie

• Isaac Newton
• John D. Rockefeller

Who created the world's largest steel corporation during the Gilded Age?

• John D. Rockefeller
• J.P. Morgan
• Cornelius Vanderbilt
• Andrew Carnegie

Who built a fortune in the railroad and shipping industries?

• Cornelius Vanderbilt
• Henry Ford
• Andrew Carnegie
• John D. Rockefeller

What percentage of the families living in America in 1890 earned more than $1200 per year?

• 25%
• 5%
• 50%
• 8%

Who opened a steel mill near Pittsburgh, Pennsylvania?

• Henry Ford
• John D. Rockefeller
• Andrew Carnegie
• Thomas Edison

______________________ is the process of someone owning every aspect of production and shipping in their company.

• Supply chain management
• Vertical integration
• Outsourcing
• Horizontal integration

_______________ became known a one of "America's builders" because his business helped fuel the economy and shape the United States into a modern industrial power.

• John D. Rockefeller
• Henry Ford
• Thomas Edison
• Andrew Carnegie