Gilded Age Mid-Unit Review

Most of the new jobs created during the Gilded Age were located in:

• Factories

• Farms

• Ships

• Tenements

Factories were able to produce more items quicker and cheaper by using the:

• Artificial Intelligence

• Robot Line

• Craftsman Approach

• Assembly Line

A business leader who positively impacted business or society is known as a:

• Captain of Industry

• Robber Baron

A business leader who uses ruthless or unethical methods in running their business and making money is known as a:

• Captain of Industry

• Robber Baron

Match the following business leaders with the industry they earned their fortune in.

• Oil

• Andrew Carnegie

• Banking

• John D. Rockefeller

• Steel

• J.P. Morgan

John D. Rockefeller's oil company, which held a monopoly, was called:

• Rockefeller Oil

• Standard Oil

• Carnegie Oil

• Speedway

This metal became commonly used during the Gilded Age to construct buildings, railroad tracks, machines, and more.

• Steel
• Iron
• Copper
• Aluminum

Which of the following is the most accurate statement about the impact of oil during the Gilded Age?

• The oil industry declined rapidly during the Gilded Age.
• Oil had no significant impact on the economy during the Gilded Age.
• Oil was primarily used for heating homes rather than industrial purposes.
• Oil became a crucial driver of economic growth and industrialization.

This situation occurs when one company controls all or most of the the market in their industry.

• Monopoly
• Assembly Line

• Oligopoly

• Industrialization

Most of the time, monopolies are bad for consumers. This is because a monopoly ​ (a)   competition. Since consumers have ​ (b)   other options, a company with a monopoly can charge ​ (c)   .

• limits
• helps
• promotes
• increases
• does nothing to
• no
• several
• many
• whatever price they want
• whatever price consumers are willing to pay