Multiple Choice Questions

Which company was a monopoly during the Gilded Age?
  • Monopolies can lower and raise their prices at will.
  • Carnegie Steel
  • refining oil
  • the steel business
Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?
  • In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.
  • He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
  • the steel business
  • combining his companies into one company, and controlling all aspects of steel production
What business practice contributed most to Andrew Carnegie's ability to form a monopoly?
  • refining oil
  • combining his companies into one company, and controlling all aspects of steel production
  • It barely regulated businesses at all.
  • They saw the price of goods rise as their wages decreased.
In which business did Andrew Carnegie create a monopoly?
  • Carnegie Steel
  • refining oil
  • It barely regulated businesses at all.
  • the steel business
How was Rockefeller able to build his monopoly across the oil industry?
  • In all his businesses, Rockefeller made a profit and used it to expand or buy other businesses.
  • He bought up oil refineries, cut costs, and reinvested his profits in other refineries.
  • They saw the price of goods rise as their wages decreased.
  • combining his companies into one company, and controlling all aspects of steel production
How do monopolies affect the price of goods?
  • Carnegie Steel
  • It barely regulated businesses at all.
  • Monopolies can lower and raise their prices at will.
  • They saw the price of goods rise as their wages decreased.
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Multiple Choice Questions
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