Multiple Choice Questions

How did John D. Rockefeller vertically integrate his monopoly in 1882?He created a trust that controlled oil wells, refineries, and distribution networks.He created a trust that controlled ninety percent of the nation's oil refineries.He purchased coal plants around the country to add to his business.He purchased iron mines around the country to add to his business.
  • d
  • c
  • a
  • b
What was the main reason that Carnegie invested in the Frick Coke Company?He wanted to make sure he could always get fuel for his steel plant.He thought he could help the company become profitable.He wanted to invest in new technology.He was interested in the coal business.
  • b
  • d
  • c
  • a
The Cleveland Massacre wasa takeover by Standard Oil of the refineries in Cleveland.a labor dispute at Standard Oil in Cleveland that turned violent. an attempt to stop Standard Oil from becoming a monopoly.a failed attempt by Standard Oil to take over other refineries.
  • b
  • c
  • d
  • a
A government is laissez-faire when itfairly regulates workers.fairly regulates businesses.does not interfere with business affairs and does not regulate its actions.leaves workers alone and doesn't regulate unions.
  • b
  • a
  • c
  • d
Why was Carnegie Steel able to offer its product more cheaply than its competitors? Carnegie introduced the Bessemer process, which decreased the cost of production.Carnegie cut corners in his production, lowering his costs.Carnegie could cut his costs because he owned the supply of raw materials and the means of production and distribution.Carnegie made an inferior product, so it was less expensive to produce.
  • c
  • b
  • a
  • d
Why did government officials allow monopolies to operate without strong regulations during the Gilded Age? They believed monopolies would keep competition alive.They believed monopolies were responsible for the growth of the economy.They believed monopolies would treat their workers well.They believed monopolies were the most successful way for businesses to make a profit.
  • d
  • b
  • c
  • a
Which company was a monopoly during the Gilded Age?MicrosoftAT&TAllegheny SteelCarnegie Steel
  • c
  • b
  • d
  • a
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Multiple Choice Questions
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