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Chapter 5 Section 3 Practice

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?
 



 
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