A holding company ___________.

is an organization of people that make business decisions for many competitors.

a corporation that owns enough stock to control many competing businesses.

holds the final say in how two or more companies shall proceed with a project.

holds the financial assets of a corporation in case that corporation runs into financial trouble.

Question 2

In 1901, U.S. Steel was created through the ______________ merger of three steel firms. U.S. Steel combined Carnegie Steel, which had acquired iron ore and coal mines through previous _________ mergers,

Group of answer choices

horizontal; horizontal

horizontal; vertical;

vertical; horizontal;

vertical; vertical

Question 3

Standard Oil Corporation was found guilty of violating the Sherman Act and was ordered to split up because the company

Group of answer choices

horizontally merged with its competitors.

vertically merged with other companies.

engaged in predatory pricing against their competitors.

did not pay their employees well.

Question 4

As a means of gaining monopoly power, holding companies were preferable to gentlemen's agreements and pooling because

Group of answer choices

holding companies were able to reduce competition from imported goods.

holding companies were legal in most states.

holding companies did not have an adverse impact on employment.

holding companies were not subject to corporate profits taxes.

Question 5

By the 20^th century, the largest sector of the U.S. economy in terms of commodity output value was

Group of answer choices

construction.

mining.

retail.

agriculture.

manufacturing.

Question 6

Which of the following statements provides the most accurate description of the employment growth rate in various sectors of the economy between 1860-1910?

Group of answer choices

All major sectors grew with the exception of agriculture and construction.

All major sectors grew, and railroads grew the most.

All major sectors grew, and agriculture grew the most.

Question 7

Henry Ford is most recognized for:

Group of answer choices

implementing the first progressive, moving assembly-line system for large, complex final products.

developing the first investment banks

playing an integral role in developing the first American factory.

inventing new technology to further the steel production process.

Question 8

"Trust busting," including the prosecution of the American Tobacco Company and Standard Oil, was a high priority of _________'s administration.

Group of answer choices

Franklin Roosevelt

James Garfield

Theodore Roosevelt

Ulysses S. Grant

Question 9

A _________ is an agreement under which stockholders of several formerly-competing companies turn over their shares to a group that exercises voting control over the companies.

Group of answer choices

trust

pooling arrangement

holding company

gentleman's agreement

: Question 10

True or false: Corporations in steel, railroads, and automobiles needed to mass produce and be efficient to cover expensive infrastructure costs.

Group of answer choices

True

False

Question 11

True or false: The second Industrial Revolution saw a trend towards centralization of management.

Group of answer choices

True

False

Question 12

True or false: The growth in the manufacturing labor force was greater than the increase in industrial output.

Group of answer choices

True

False

Question 13

True or false: The initial reason for big business according to Chandler was corporate greed.

Group of answer choices

True

False

Question 14

True or false: The order of new energy was steam, water, electricity and then coal.

Group of answer choices

True

False