Big Business And Labor

1. At what age did Andrew Carnegie came to the untied states?

10

15

12

8

Andrew Carnegie came to the United States at the age of 12.

Explanation

Andrew Carnegie came to the United States at the age of 12.

2. What percent did Rockefeller controlled of the refining business

50%

65%

80%

90%

Rockefeller controlled 90% of the refining business. This means that he had a significant and dominant influence over the industry, with his company, Standard Oil, holding a vast majority of the market share. This level of control allowed Rockefeller to exert significant power and influence over the prices and operations of the refining business, making him one of the most powerful figures in the industry during that time.

Explanation

Rockefeller controlled 90% of the refining business. This means that he had a significant and dominant influence over the industry, with his company, Standard Oil, holding a vast majority of the market share. This level of control allowed Rockefeller to exert significant power and influence over the prices and operations of the refining business, making him one of the most powerful figures in the industry during that time.

3. Who did the state governor called?

John Rockefeller

Andrew Carnegie

J.P. Morgan

President Rutherford B. Hayes

The state governor called President Rutherford B. Hayes.

Explanation

The state governor called President Rutherford B. Hayes.

4. Who bought Carnegie steel in 1901?

John D. Rockefeller

J. P. Morgan

Great Britain

USA

J. P. Morgan is the correct answer because in 1901, J. P. Morgan, a prominent American financier and banker, bought Carnegie Steel from Andrew Carnegie. This acquisition formed the basis for the creation of U.S. Steel, which became the first billion-dollar corporation in the world. John D. Rockefeller, although a notable figure in the oil industry, was not involved in the purchase of Carnegie Steel. Great Britain and USA are not relevant to the question as they did not buy Carnegie Steel in 1901.

Explanation

J. P. Morgan is the correct answer because in 1901, J. P. Morgan, a prominent American financier and banker, bought Carnegie Steel from Andrew Carnegie. This acquisition formed the basis for the creation of U.S. Steel, which became the first billion-dollar corporation in the world. John D. Rockefeller, although a notable figure in the oil industry, was not involved in the purchase of Carnegie Steel. Great Britain and USA are not relevant to the question as they did not buy Carnegie Steel in 1901.

5. When did Carnegie left the Pennsylvania Railroad?

1901

1866

1865

1873

Carnegie left the Pennsylvania Railroad in 1865.

Explanation

Carnegie left the Pennsylvania Railroad in 1865.