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The Men Who Built America Flashcards | StudBud
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The Men Who Built America
The Men Who Built America
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Review quiz before a final
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
Vanderbilt rapidly bought a large amount of another company's stock. What is this called?
Inflation
Watering down
Criminal enterprise
Hostile takeover
2
With the railroad market destroyed what industry did Carnegie turn to next?
Electricity
Structural Steel
Carpentry
Oil
3
Of all the buildings Carnegie built with his money, what was the most famous?
Empire State Building
Carnegie Hall
Grand Central Depot
Sears Tower
4
How did J.P. Morgan make his money?
Bought failing companies
Inheritance from his father
Hostile takeovers
Banking
5
What loss affected Vanderbilt so deeply?
His wife left him
The loss of his dog
The selling of his ships
The death of his son
6
What did Rockefeller do with the profits from his deal with both major railroads?
Bought out his competitors
Took a vacation
Gave his money to his friends
Bought Cleveland
7
Who did Frick hire to try and quell the standoff at Homestead?
Secret Service
Army
Pinkertons
National Guard
8
Why did they call Vanderbilt “The Commodore"?
He was heavily involved in shipping
He liked to play cards
He was friends with the men who built the Titanic
He sailed all over the world
9
Why did Rockefeller fear electricity?
He thought it was easier to get investors
He thought it might take over kerosene
It was harder to ship oil
He thought it would cost less
10
These entrepreneurs found motivation in their own _________________?
Failures
Friends
Family
Successes
11
Who tried to kill Henry Frick?
Anarchists
Pinkertons
His family
Workers
12
Who did Carnegie blame for Tom Scott’s death?
Vanderbilt
Frick
Rockefeller
Morgan
13
What was JP Morgan’s middle name?
Pierpont
Preston
Phillip
Prescott
14
How did Rockefeller solve the problem created by Vanderbilt who wouldn’t ship his oil?
Built a pipeline
Went through another railroad
Shipped it himself
Killed Vanderbilt
15
Scott challenged Carnegie to solve the problem for his business. What was that problem?
Get Rockefeller's oil contracts
Build a continental railroad
Build a bridge across the Mississippi
Try to figure out how to buy out Vanderbilt
16
What presidential candidate threatened to break up all that Carnegie and Rockefeller had made?
William Jennings Bryan
Franklin Roosevelt
Theodore Roosevelt
William McKinley
17
How did J.P. Morgan demonstrate his new investment?
Showed it at the Worlds Fair in Chicago
Installed it in every home in New York
Brought investors to Edison's lab
Installed it in his home and threw a party
18
The objective of these people was not to make the most money but to _____________?
Give away the most money
Win
Gain the most notoriety
Never quit
19
Morgan felt the need to “streamline” Edison Electric. What changes did Morgan make?
Handed the company over to Edison
Fired Edison and changed the name of the company
Hired Tesla to work with Edison
He did nothing, hoping things would turn around
20
Why did Rockefeller choose the name “Standard Oil?”
To provide uniform consistency in oil production
He wanted to keep things simple
He couldn't think of anything better
So everyone would remember the name
21
Why did Carnegie and Frick work so well together?
They had the same vision
They were opposites
They liked each other
They had similar interests
22
Who challenged Edison's A.C. current with direct current (D.C.)?
George Westinghouse
Ben Franklin
Nobody
Nikola Tesla
23
What enormous New York building did Vanderbilt help build?
Chrysler Building
Grand Central Depot
Empire State Building
World Trade Center
24
How did Rockefeller react when he found out Tom Scott wouldn't ship his oil to New York?
Built a pipeline
Started his own railroad
Asked Vanderbilt to ship it
Shut down the Pittsburgh refinery causing a riot
25
What strategy brings competitors together to find a way to get them to compromise?
Morganization
Carneginization
Standardization
Vanderbiltian
26
Morgan needed to invest in a new idea. What idea did he find?
Oil
The Electric Light
Banking
Railroads
27
What event allowed J.P. Morgan to invest as he wished?
The Panic of 1873
The railroads went bankrupt
The price of oil went down
His father died
28
What was Morgan’s relationship like with his father?
Cordial
Loving
Strained
Happy
29
Who did Carnegie hire to be his right hand man (a decision he later regretted)?
Tom Scott
Henry Frick
Henry Bessemer
John Rockefeller
30
Who invested in Tesla's D.C. current model?
George Jefferson
George Washington
George Westinghouse
George Williamson