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MAH Mod 3-3 (YWLH Video) The Age of Big Business Flashcards | StudBud
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MAH Mod 3-3 (YWLH Video) The Age of Big Business
MAH Mod 3-3 (YWLH Video) The Age of Big Business
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Questions
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Answers
1
What was the first federal law (that was not very effective) designed to regulate monopolies?
Granger Laws
American Freedom Law
PATRIOT Act
Sherman Antitrust Act
2
Who made his fortune in the transportation (railroad) business?
J.P, Morgan
Cornelius Vanderbilt
Sherman Smythe
J.D. Rockefeller
3
Who was not a "titan of industry" during this time period?
John D Rockefeller
Andrew Carnegie
Cornelius Vanderbilt
Steven Jobs
4
When was the era of Big Business?
After World War II (1950-1980)
After World War I (1920-1940)
Before World War I (Early 1900s)
After the Civil War (Late 1800s)
5
What was the justification for the elimination of smaller, poorer, or weaker companies?
Democracy
Communism
Social Darwinism
Davidsonism
6
Who developed the Standard Oil Company?
Cornelius Vanderbilt
J.P Morgan
John D Rockefeller
Andrew Carnegie
7
Who developed the idea of the holding company in the banking, steel, and railroads industries?
John D Rockefeller
J.P Morgan
Cornelius Vanderbilt
Charles Darwin
8
What theory says that government should
NOT
be involved in regulating the economy in any way?
Communism
Socialism
Regulated Market Economics
Laissez Faire Economics
9
What was
NOT
a way to develop a monopoly in the late 1800s?
Holding Companies
Incorporation
Horizontal Consolidation
Vertical integration
10
When a company buys 51% of another company stock to gain control of that company.
Hostile Takeover
Divdend
Interest
Polite Merger
11
What negative name were many industrial leaders given b/c they amassed such power and wealth?
Philanthropists
Robber Barons
Night Owls
Scabs
12
Who made his fortune in the steel industry?
John D Rockefeller
Cornelius Vanderbilt
J.P. Morgan
Andrew Carnegie
13
What monopolistic practice did J.P. Morgan develop in the banking, railroad & steel industries?
Incorporation
Vertical integration
Holding Companies
Horizontal Consolidation