Question 1

What company did Andrew Carnegie create to monopolize the steel industry?

Accepted Answer

U.S. Steel

Answer

Pittsburgh Steel

Answer

Scottish Steel

Answer

American Steel

Question 2

What did the railroad companies do by 1900 creating 7 companies instead of over 400?

Accepted Answer

consolidated

Answer

gave up

Answer

government buy outs

Question 3

What did the federal government give to railroad companies to encourage them to build more railroads?

Accepted Answer

land grants

Answer

money

Answer

supplies

Answer

immigrants

Question 4

The Central Pacific Railroad hired workers from where?

Accepted Answer

China

Answer

Ireland

Answer

farmers

Answer

ex-cons

Question 5

Process for making high-quality steel efficiently and cheaply

Accepted Answer

Bessemer Process

Answer

U.S. Steel Process

Answer

Betty Process

Answer

Standard Oil Process

Question 6

When a company owns all the different business on which it depends for its operation

Accepted Answer

Vertical Integration

Answer

Pools

Answer

Horizontal Integration

Answer

Monopoly

Question 7

When a single company achieves control of an entire market

Accepted Answer

monopoly

Answer

horizontal integration

Answer

corporation

Answer

vertical integration

Question 8

One of the most successful retail chains in American History

Accepted Answer

Woolworth's

Answer

Sears

Answer

Amazon

Answer

Montgomery Ward

Question 9

Agreements to maintain prices at a certain level

Accepted Answer

pools

Answer

operation cost

Answer

corporation

Answer

fixed cost

Question 10

A top railroad consolidator of the 19th century

Accepted Answer

Vanderbilt

Answer

Rockefeller

Answer

Carnegie

Answer

Standford

Question 11

A company that does not produce anything itself

Accepted Answer

Holding Company

Answer

Fixed Company

Answer

Trust

Answer

Monopoly

Question 12

Given to railroad companies by the government to encourage construction.

Accepted Answer

Land Grants

Answer

Money

Answer

Immigrants

Answer

Bribes

Question 13

Started Standard Oil

Accepted Answer

Rockefeller

Answer

Carnegie

Answer

Vanderbilt

Answer

Stanford

Question 14

Regions where the same time is kept

Accepted Answer

time zones

Answer

hemispheres

Answer

continents

Answer

states

Question 15

What's the advantage of a corporation?

Accepted Answer

buy new technology

Answer

competition

Answer

could close up shop when times were bad

Answer

plenty of workers

Question 16

Combining many firms engaged in the same type of business into one corporation is known as what?

Accepted Answer

horizontal integration

Answer

vertical integration

Answer

monopoly

Answer

holding company

Question 17

What is an organization owned by many people but treated by law as though it were a single person?

Accepted Answer

Corporation

Answer

Holding company

Answer

Trust

Answer

Organized pool

Question 18

Which railroad company built the Transcontinental Railroad from Omaha, Nebraska and went west?

Accepted Answer

Union Pacific

Answer

Union Atlantic

Answer

Central Pacific

Answer

Central Atlantic

Question 19

By linking the nation, railroads did what?

Accepted Answer

all the above

Answer

Helped promote the American dream

Answer

Increased business markets

Answer

Helped start new industries

Question 20

The railroad boom began in 1862 after Abraham Lincoln signed what?

Accepted Answer

Pacific Railway Act

Answer

Union Railway Act

Answer

Land Grant Law

Answer

Atlantic Railway Act

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