Topic 1 Gilded Age Test

20 Questions | Total Attempts: 53

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Topic 1 Gilded Age Test

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Questions and Answers
  • 1. 
    Andrew Carnegie was an immigrant to America from France.
    • A. 

      True

    • B. 

      False

  • 2. 
    How did Carnegie become so successful in the Steel Business?
    • A. 

      He used the Bessemer process to produce the steel, and kept employee wages low

    • B. 

      He owned the largest steel mines in the U.S. so he did not have to pay expensive mine leases

    • C. 

      He paid his workers well so that they would produce steel quicker than his competitors employees

  • 3. 
    Who was Henry Clay Frick?
    • A. 

      The man who bought out Carnegie Steel and made Carnegie one of the richest men in the world

    • B. 

      Carnegie's manager at the Homestead Steel Mill that called in Pinkerton Detectives to break up a strike resulting in the deaths of workers

    • C. 

      Carnegie's private secretary that handled giving his money away to various charities and educational organizations

  • 4. 
    What was life like for industrial workers in the Gilded Age?
    • A. 

      Poor working and living conditions, low wages, and long hours

    • B. 

      Fair working and living conditions, high wages, but long hours

    • C. 

      Good working and living conditions, high wages, and reasonable hours

  • 5. 
    Who was J.P. Morgan?
    • A. 

      The man who bought out Carnegie Steel and made Carnegie one of the richest men in the world

    • B. 

      Carnegie's manager at the Homestead Steel Mill that called in Pinkerton Detectives to break up a strike resulting in the deaths of workers

    • C. 

      Carnegie's private secretary that handled giving his money away to various charities and educational organizations

  • 6. 
    What was the Bessemer Process?
    • A. 

      An inexpensive and quick method of converting iron to steel

    • B. 

      It was the way steel was melted and molded to create building supplies

    • C. 

      It was the process used by factory managers to break up worker strikes

  • 7. 
    How did the Bessemer Process speed up industrial growth in America?
    • A. 

      Because it was a versatile metal and reasonably priced, it could be used to construct rails and buildings

    • B. 

      Because factory managers had a system for handling industrial workers, workers did not strike and interfere with industrial growth

    • C. 

      Because building supplies were forged in molds using the Bessemer process, more supplies could be sold to people than ever before

  • 8. 
    Who was Mark Twain?
    • A. 

      The American author who named the Gilded Age

    • B. 

      The robber baron known as king of the railroads

    • C. 

      The founding father who said, "A penny saved is a penny earned."

  • 9. 
    What was the name of the period after the Civil War until around 1900 known for the gap between the rich and poor; the development of many new inventions; as the end of the American frontier, for vast immigration; and for the development of big business?
    • A. 

      The Gilded Age

    • B. 

      The Progressive Era

    • C. 

      World War I

  • 10. 
    Who struck oil in Pennsylvania and started the Pennsylvania Oil Rush?
    • A. 

      Edwin Drake

    • B. 

      John D. Rockefeller

    • C. 

      Hernando De Soto

    • D. 

      Patillo Higgins and Anthony F. Lucas

  • 11. 
    What is the difference between an oil prospector and an oil refiner?
    • A. 

      An oil prospector is a person who searches for oil by drilling and a refiner uses equipment to prepare oil for people to use.  

    • B. 

      An oil prospector is an oil owner who sells oil and a refiner is a person who buys oil for their business.

    • C. 

      An oil prospector is a person who searches for the best oil prices and an oil refiner is a person who pays oil prospectors to find the best oil prices.

    • D. 

      An oil prospector is a person who stores oil and a refiner is a person who distributes oil to businesses.

  • 12. 
    What is interest?
    • A. 

      Money paid regularly at a certain rate for the use of money lent, or for delaying the repayment of a debt

    • B. 

      Giving money to help fund a business in return for shares in the business profits.

    • C. 

      A return of part of a payment because of secret agreement or bribe.

    • D. 

      When one business controls the production of all of a certain type of product

  • 13. 
    What is a monopoly?
    • A. 

      A profitable business - one that makes a lot of money after all expenses are paid

    • B. 

      When one person or business owns all of how one product is made and sold

    • C. 

      Person who searches for mineral deposits in a place by mining and drilling

    • D. 

      A very wealthy and powerful business person

  • 14. 
    What is profit?
    • A. 

      The amount of money made by a business after subtracting the costs

    • B. 

      The costs involved in starting a business

    • C. 

      The money made by a company at the end of the year

    • D. 

      The amount of money a company gives to charity

  • 15. 
    What term describes when a country's trade and industry are controlled by private businesses rather than the government?  
    • A. 

      Capitalism

    • B. 

      Socialism

    • C. 

      Communism

    • D. 

      Traditionalism

  • 16. 
    What is a tycoon?
    • A. 

      A very wealthy and powerful business person

    • B. 

      A person who protects the rights and interests of his workers

    • C. 

      Person who searches for mineral deposits in a place by mining and drilling

    • D. 

      A person who builds the framework over an oil well that holds the drilling machinery

  • 17. 
    True or false?  John D. Rockefeller was a philanthropist.
    • A. 

      True

    • B. 

      False

  • 18. 
    When you help fund a business or purchase shares in a business in return for some of the business's profits, you are __________________________.
    • A. 

      Investing

    • B. 

      Refining

    • C. 

      Kickbacking

    • D. 

      Prospecting

  • 19. 
    What is interest?
    • A. 

      Money paid regularly at a certain rate for the use of money lent, or for delaying the repayment of a debt

    • B. 

      Giving money to help fund a business in return for shares in the business profits.

    • C. 

      A return of part of a payment because of secret agreement or bribe.

    • D. 

      When one business controls the production of all of a certain type of product

  • 20. 
    Which Gilded Age Industrialist and owner of Standard Oil, did Baum's father fight, in order to keep the industrialist from putting him out of the OIl Business?
    • A. 

      J.P. Morgan

    • B. 

      John D. Rockefeller

    • C. 

      Andrew Carnegie

    • D. 

      Cornelius Vanderbilt

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