Andrew Carnegie argued that the wealthy

had a responsibility to help society.

The Interstate Commerce Act

gave the government a means to regulate big business.

The main purpose of anti-trust legislation is to -

encourage competition in business.

Which is the best description for a monopoly?

control of the supply or trade in a commodity or service.

What is best communicated by this political cartoon

Standard Oil has too much control and influence

is a person who starts a business, at risk, to make money.

The Rockefeller Foundation, Carnegie Hall, and the Morgan Library demonstrate

philanthropic efforts by entrepreneurs.

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Robber Barons

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Captains of Industry

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Questions 15

Answers

1
Andrew Carnegie argued that the wealthy
could do whatever they wanted.
should write more books.
should run for political office.
had a responsibility to help society.
2
A belief that the rich were rich and the poor were poor due to natural selection in society.
egalitarianism
laissez-faire
philanthropy
Social Darwinism
3
Andrew Carnegie is most closely associated with
the oil industry
the steel industry
power plants
banking
4
This individual bought out Andrew Carnegie for $480 million
Nikola Tesla
John Pierpont Morgan
Cornelius Vanderbilt
John D. Rockefeller
5
John D. Rockefeller is most closely associated with
Standard Oil
Carnegie Hall
General Electric
railroads and shipping
6
The Interstate Commerce Act
supports laissez-faire economic policies.
was part of the Constitution.
strengthened monopolies.
gave the government a means to regulate big business.
7
The main purpose of anti-trust legislation is to -
encourage philanthropy.
encourage the growth of monopolies.
protect the environment.
encourage competition in business.
8
Which is the best description for a monopoly?
the process of starting a business
control of the supply or trade in a commodity or service.
the generous donation of money to good causes.
a rule or directive made and maintained by an authority.
9
What is best communicated by this political cartoon
laissez-faire policies cannot fail
Standard Oil has too much control and influence
John D. Rockefeller is weak
the U.S. should protect endangered marine life
10
An entrepreneur
donates money to charities.
tries to destroy competition to ensure a monopoly.
is a person who starts a business, at risk, to make money.
destroys the business opportunities of others.
11
This graphic illustrates
entrepreneurship
horizontal integration
philanthropy
vertical integration
12
The Rockefeller Foundation, Carnegie Hall, and the Morgan Library demonstrate
attempts to undermine the U.S. economy.
philanthropic efforts by entrepreneurs.
how the wealthy show off.
how the wealthy encouraged the growth of monopolies.
13
J.P. Morgan is most closely associated with
the automotive industry
the oil industry
banking and finance
the steel industry
14
Andrew Carnegie controlled iron mines, steel factories, and railroad lines to
all the above
lower the cost of steel
increase profits
stop competitors
15
The term "Robber Baron" referred to industrialists who
all of the above.
tried to control the marketplace.
paid their employees low wages.
drove competitors out of business by controlling prices.

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