The Rise of Big Business in the USA

What strategy did companies use to provide the supplies and services needed to make steel? (iron, coal mines, warehouses, railroads)

• Horizontal integration

• Vertical integration

• Diversification

• Outsourcing

By 1900, The Carnegie Steel Company was producing ___ of the nation's steel.

• 1/3

• 1/4

• 1/2

• 1/5

Who organized The Standard Oil Company in 1870?

• Andrew Carnegie

• John D. Rockefeller

• Henry Ford

• Thomas Edison

Which of the following best describes Horizontal Integration?

• Purchase of companies at all levels of production

• Purchase of competing companies in the same industry

• Purchase of unrelated companies in different industries

• Purchase of companies in different countries.

What year did Rockefeller form a trust, or a group of companies that make similar products and are managed by the same board of directors?

What is a corporation?

• A business owned by a single person

• A business owned by investors (stockholders)

• A business owned by the government

• A business owned by employees

If a corporation goes out of business, investors do not have to pay the business's _______.

• debt

• profits

• taxes

• salaries

What does the political cartoon from 1904 demonstrate about the Standard Oil Company?

• It shows the company's monopoly over the oil industry.

• It depicts the company's charitable activities.

• It illustrates the company's environmental policies.

• It highlights the company's employee benefits.

In the political cartoon, what is under the control of the Standard Oil Company?

• The Consumers

• The U.S. Government

• Shipping

• All of the above

Who is depicted in the political cartoon entitled "King of the World"?