Business Leaders Progressive Era Assessment

In which decade did Carnegie enter the steel business?

• 1850s

• 1860s

• 1870s

• 1880s

What unethical practice was Rockefeller accused of using to gain a monopoly?

• Predatory pricing

• Fair trade

• Price matching

• Discount sales

What year did Rockefeller establish Standard Oil?

• 1870

• 1880

• 1860

• 1890

Match the following criticisms with Rockefeller's business practices.

• Delayed responses

• Environmental damage

• Monopolistic strategies

• High prices

• Expensive products

• Unethical practices

• Oil spills

• Poor customer service

Match the following companies with the financier J.P. Morgan helped:

• Thomas Edison's electric company

• General Electric

• Bill Gates' software company

• Ford

• Henry Ford's automotive company

• Microsoft

• Steve Jobs' technology company

• Apple

J.P. Morgan died in (a)  

• New York, USA
• London, UK
• Rome, Italy
• Paris, France

Match the following individuals with their relationship to J.P. Morgan's fortune and business.

• John Pierpont Morgan Jr.

• His wife

• Anne Morgan

• His son, John Pierpont Morgan Jr.

• William Morgan

• His daughter

• Frances Tracy Morgan

• His brother

The name of the biography that estimated J.P. Morgan's fortune is (a)  

• The Life of J.P. Morgan
• Biography Ron Chernow
• The Banker’s Empire
• Morgan’s Legacy

What is an example of a monopoly?

• Multiple fast food chains competing

• McDonald's as the only fast food company

• A variety of options for fast food

• Several suppliers of a product

What is difficult in a monopoly market?

• Entering the market

• Finding suppliers

• Competing with others

• Lowering prices