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Industrial Leaders: Rhyming Review

Industrial Leaders: Rhyming Review

Assessment

Presentation

Social Studies

8th Grade

Practice Problem

Medium

Created by

Joanna Heatwole

Used 4+ times

FREE Resource

7 Slides • 13 Questions

1

Industrial Leaders

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4

Multiple Choice

Who is associated with the Gospel of Wealth,

encouraging the very wealthy to give to the common good?

1

Andrew Carnegie

2

Mark Zuckerberg

3

J.P. Morgan

5

Multiple Choice

Where were Andrew Carnegie's Steel factories located (primarily)?

1

New York City

2

Pittsburgh, PA

3

Cleveland, OH

6

Multiple Choice

Andrew Carnegie's idea that the very wealthy should give back to the common good (fund libraries, museums, universities and more) ?

1

The Golden Rule

2

Goodwill to Others

3

The Gospel of Wealth

7

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Vertical Integration: owning all the stages of an industrial process

8

Multiple Choice

What is the term for owning all the stages of an industrial processo?

1

Monopoly

2

Vertical Integration

3

Streamlining

9

Multiple Choice

What is a strike?

1

Refusing to work in protest to working conditions.


2

Giving all you have to others.

3

Negotiations between unions and business owners.

10

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Multiple Choice

Which industrialist made huge profits in the Railroad industry through practices like rebates and pools?

1

John D. Rockefeller

2

Andrew Carnegie

3

Cornelius Vanderbilt

12

Multiple Choice

Discounts given by companies to its largest customers to maintain the business/loyalty of that customer ?

1

rebates

2

price gouging

3

monopoly

13

Multiple Choice

What is one effect of monopolies, pools and rebates?

1

Better wages for workers.

2

Reduced competition.

3

Safer working conditions.

14

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15

Multiple Choice

Who dominated the oil industry by controlling all of the business of an industry and eliminating the competition?

1

Andrew Carnegie

2

John D. Rockefeller

3

Henry Ford

4

Thomas Edison

16

Multiple Choice

What is John D. Rockefeller known for?

1

Banking and Commerce

2

Steel Production

3

huge profits in the oil industry and refining process

17

Multiple Choice

What term describes controlling all of the business in a particular industry, eliminating the competition. (For example buying up ALL the fast food restaurants so that someone who wants fast food has ONE option.)

1

Vertical Integration

2

Monopoly

3

Rebate

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19

Multiple Choice

Which industrial leader is known for their impact on finance (banking) ?

Through reorganizing railroad, steel, electric and more, he 'made bank'!

(He even 'bailed out' the US Gold Reserve in 1894 with a loan of 65 million!)

1

JP Morgan

2

Rockefeller

3

Carnegie

4

Vanderbilt

20

Multiple Choice

  • Strategy of buying and merging competing companies:

1

Morganization/Merger

2

Carnegization/Stealing

3

Strike/

Negotiation

Industrial Leaders

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