CH4 L3: The Oil Boom and Industrial Titans (Part 1)

26 termsStudBud Administration

Test your knowledge about the oil boom, industrial titans, and the rise of corporations in the late 19th century.

Flashcards26 cardsFPractice quizPHost liveL

Questions 26

Answers

1
Which industry did Andrew Carnegie dominate?
Railroads
Banana
Steel
Oil
2
True or false: Corporations can have many owners
False
True
3
What did Drake drill in 1859?
Magic hole
Gold mine
Water well
Oil well
4
What are dividends?
Debts
Magic beans
Cash payments
Loans
5
What is capital?
Labor
Magic wand
Goods and money
Land
6
Where did the oil boom expand?
Disneyland
Ohio and West Virginia
California
Texas
7
Who are shareholders?
Magicians
Bankers
Stock buyers
Employees
8
What did entrepreneurs need to expand?
Magic
Capital
Friends
Luck
9
True or false: Capital includes money
True
False
10
Which factor of production is petroleum?
Labor
Magic
Land
Capital
11
How did Carnegie build his fortune?
By farming
By banking
By selling oil
By investing in steel
12
True or false: Petroleum was used as medicine
False
True
13
Why is capital important?
Magic tricks
Decoration
Economic growth
Entertainment
14
What did Edwin L. Drake discover?
Natural gas
Petroleum
Gold
Coal
15
Which factor of production is land?
Natural resources
Only farmland
Only water
Only buildings
16
What did Edwin L. Drake believe?
Oil was underground
Oil was in his dreams
Oil was in the sky
Oil was in trees
17
What is capital in business?
Tools and machines
Only workers
Only money
Only land
18
Who built the first oil refinery?
John D. Rockefeller
Thomas Edison
Edwin L. Drake
Andrew Carnegie
19
What did the U.S. economy shift to?
Magic
Industry
Fishing
Farming
20
When did Drake strike oil?
1865
1880
1859
1875
21
What is a corporation?
Non-profit
Government agency
Magic show
Business organization
22
Who was John D. Rockefeller?
A banker
A steel magnate
An oil tycoon
A railroad owner
23
What is a shareholder?
A factory worker
A business owner
A bank manager
A stock buyer
24
What did the oil boom create?
Oil rush towns
Fishing villages
Gold rush towns
Magic cities
25
What did the rise of corporations fuel?
Industry
Magic shows
Agriculture
Fishing
26
What did Rockefeller organize in 1870?
Apple Inc.
Standard Oil Company
Carnegie Steel Company
General Electric

CH4 L3: The Oil Boom and Industrial Titans (Part 1) Flashcards | StudBud

CH4 L3: The Oil Boom and Industrial Titans (Part 1)

26 termsStudBud Administration

Test your knowledge about the oil boom, industrial titans, and the rise of corporations in the late 19th century.

Flashcards26 cardsFPractice quizPHost liveL

Questions 26

Answers

1
Which industry did Andrew Carnegie dominate?
Railroads
Banana
Steel
Oil
2
True or false: Corporations can have many owners
False
True
3
What did Drake drill in 1859?
Magic hole
Gold mine
Water well
Oil well
4
What are dividends?
Debts
Magic beans
Cash payments
Loans
5
What is capital?
Labor
Magic wand
Goods and money
Land
6
Where did the oil boom expand?
Disneyland
Ohio and West Virginia
California
Texas
7
Who are shareholders?
Magicians
Bankers
Stock buyers
Employees
8
What did entrepreneurs need to expand?
Magic
Capital
Friends
Luck
9
True or false: Capital includes money
True
False
10
Which factor of production is petroleum?
Labor
Magic
Land
Capital
11
How did Carnegie build his fortune?
By farming
By banking
By selling oil
By investing in steel
12
True or false: Petroleum was used as medicine
False
True
13
Why is capital important?
Magic tricks
Decoration
Economic growth
Entertainment
14
What did Edwin L. Drake discover?
Natural gas
Petroleum
Gold
Coal
15
Which factor of production is land?
Natural resources
Only farmland
Only water
Only buildings
16
What did Edwin L. Drake believe?
Oil was underground
Oil was in his dreams
Oil was in the sky
Oil was in trees
17
What is capital in business?
Tools and machines
Only workers
Only money
Only land
18
Who built the first oil refinery?
John D. Rockefeller
Thomas Edison
Edwin L. Drake
Andrew Carnegie
19
What did the U.S. economy shift to?
Magic
Industry
Fishing
Farming
20
When did Drake strike oil?
1865
1880
1859
1875
21
What is a corporation?
Non-profit
Government agency
Magic show
Business organization
22
Who was John D. Rockefeller?
A banker
A steel magnate
An oil tycoon
A railroad owner
23
What is a shareholder?
A factory worker
A business owner
A bank manager
A stock buyer
24
What did the oil boom create?
Oil rush towns
Fishing villages
Gold rush towns
Magic cities
25
What did the rise of corporations fuel?
Industry
Magic shows
Agriculture
Fishing
26
What did Rockefeller organize in 1870?
Apple Inc.
Standard Oil Company
Carnegie Steel Company
General Electric