Multiple Choice Identify the
choice that best completes the statement or answers the question.
|
|
1.
|
People who invest in corporations by buying stock are called
a. | stockers. | c. | corporation bosses. | b. | shareholders. | d. | bondholders. |
|
|
2.
|
The combining of competing firms into one corporation is called
a. | a corporation. | c. | vertical integration. | b. | a
dividend. | d. | horizontal
integration. |
|
|
3.
|
Gaining almost total control of an industry is called
a. | a monopoly. | c. | horizontal integration. | b. | vertical
integration. | d. | a
dividend. |
|
|
4.
|
Who was the steel industrialist who donated $350 million as a
philanthropist?
a. | J. Pierpont Morgan | c. | Andrew Carnegie | b. | J. Edgar Thompson | d. | John D.
Rockefeller |
|
|
5.
|
Which legislation was a response to the public's growing concern over
trusts and monopolies?
a. | Monopolies Act | c. | Trust Act | b. | Sherman Antitrust Act | d. | Trust and Monopolies
Act |
|
Completion Complete each
statement.
|
|
6.
|
Businesses needed ____________________ to buy raw materials and equipment, to
pay workers, and to cover shipping and advertising costs.
|
|
7.
|
____________________ made his fortune from oil.
|
|
8.
|
____________________ is the ideal material for railroad tracks and
bridges.
|
|
9.
|
Pittsburgh became the steel capital because it was close to sources of
____________________.
|
|
10.
|
In 1890 Congress passed the Sherman Antitrust Act which prohibited
____________________.
|
Matching
|
|
|
Match each item with the correct statement below. a. | stock exchange | d. | Pittsburgh, Pennsylvania | b. | Standard Oil
Company | e. | Cleveland,
Ohio | c. | Titusville, Pennsylvania |
|
|
11.
|
site of oil refinery
|
|
12.
|
site of first oil well
|
|
13.
|
market for buying and selling stocks
|
|
14.
|
famous corporate empire
|
|
15.
|
steel capital
|
Short Answer
|
|
16.
|
What is a trust?
|
|
17.
|
Who created a monopoly in the oil industry?
|
|
18.
|
Who was the leading figure in the early years of the American steel
industry?
|
|
19.
|
What is philanthropy?
|
|
20.
|
How does lack of competition hurt consumers?
|