First Semester exam Gilded Age

Which business practice did John D. Rockefeller famously employ to eliminate competition in the oil industry?

• Railroad rebates

• Vertical integration

• Child labor exploitation

• Stock market manipulation

Andrew Carnegie's primary contribution to American industry was in which sector?

• Oil refineries

• Railroads

• Steel Manufacturing

• Coal mining

What philanthropic endeavor is most associated with Andrew Carnegie?

• Universities

• Public Libraries

• Hospitals

• Research laboratories

Which controversial business practice did both Carnegie and Rockefeller utilize?

• Forming monopolies

• Union suppression

• Price fixing

• Horizontal integration

The term "Robber Baron" was coined primarily due to these industrialists':

• Charitable donations

• Treatment of workers

• Business innovations

• Political connections

At the end of the nineteenth century, the desire of American business to control supplies and processes of raw materials led to

• automation of industry
• horizontal integration
• vertical integration
• development of the "putting-out system"

Name the businessman who bought out Andrew Carnegie and organized the United States Steel Corporation.(LT 6.7)

•  JP Morgan

• John Rockefeller

• Leland Stanford

• Cornelius Vanderbilt