Which impact did Andrew Carnegie and John D. Rockefeller have on the American economy in the last half of the 1800s?

Question 1 options:

They established and dominated the new steel and oil industries.

They built the transportation industry and oversaw the completion of the transcontinental railroad.

As secretary of the treasury and secretary of labor, they oversaw the reconstruction process.

They created company towns to take care of their workers and provide adequate living conditions.

Question 2(1 point)

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How did railroads influence modern businesses practices?

Question 2 options:

By using cheap labor and holding down wages, railroad entrepreneurs served as models for the government.

They transported significant amounts of goods and built national marketing systems.

Their owners formed corporations, oversaw complex processes, and sold huge amounts of stocks and bonds.

They brought together several giants of industry who formed a business coalition

Question 3(1 point)

What is a monopoly?

Question 3 options:

vertical integration that connects one business with another

a plan to build competition throughout an industry

horizontal integration that connects one business with another

complete control of a commodity, business, or product

Question 4(1 point)

Which inventor isincorrectlypaired with an invention?

Question 4 options:

air brakesGeorge Westinghouse

telegraph machineAlexander Graham Bell

light bulbThomas Edison

Kodak cameraGeorge Eastman

Question 5(1 point)

What was themost commonimpact of new inventions on American life?

Question 5 options:

They made life easier, more productive, and more profitable.

They increased costs and provided a basis for family disputes.

They reduced costs, but made life more difficult.

They created problems, increased pollution, and made life harder.

Question 6(1 point)

What were two practices used to develop monopolies?

Question 6 options:

controlling all the steps in production and limiting transportation distances

controlling all the steps in a business process and driving out all the competitors

charging tariffs for crossing state lines and limiting transportation distances

driving out all business competitors and charging tariffs for crossing state lines

Question 7(1 point)

Which titan of industry played a major role in holding the economic system together with his banking and business practices?

Question 7 options:

James Duke

Jay Gould

Cornelius Vanderbilt

J.P. Morgan

Question 8(1 point)

What was an attempt to restrict a monopoly of the oil industry in the United States?

Question 8 options:

McKinley Tariff of 1890

Sherman Antitrust Act

Interstate Commerce Commission

Dingley Act of 1897

Question 9(1 point)

Andrew Carnegie's Gospel of Wealth is based on the premise that the wealthy should be the "agent for his poorer bretheren."

What did Carnegie urge other rich businessmen to do?

Question 9 options:

to donate their time to serving the community

to give price breaks on shipping and manufacturing costs of their products

to donate their money to fund causes they deemed worthy

to create jobs for poorer people in businesses they owned

Question 10(1 point)

Who promoted the idea in his stories that a person could be successful with hard work and honesty?

Question 10 options:

Edward Bellamy

Horatio Alger

Andrew Carnegie

Henry George