AnswersCA-MS United States History and Geography Growth and Conflict BTrusts and Big Business

Trusts and Big Business Answers

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Which of the following statements best describes the process of vertical integration that Carnegie used in the steel industry?

A
Carnegie’s company controlled just the coke fields in the United States.
B
Carnegie’s company made better, more expensive steel as a result of vertical integration.
C
Carnegie’s company was able to cut only his transportation costs as a result of vertical integration.
D
Carnegie’s company controlled every part of the production of steel.
2
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Which similarity did you include in your answer?

A
Both started work at an early age.
B
Both learned important skills in their first jobs.
C
Both built monopolies in their industries.
D
Both wanted to remove their competitors.
3

Based on the quote, which statement best represents Carnegie’s business philosophy?

A
People succeed if they invest in many different types of business.
B
People cannot succeed if they refuse to change.
C
People succeed if they are firm and determined.
4

Based on the quote, which statement best represents Rockefeller’s view on money?

A
He thought that he should keep the money he made.
B
He thought that he should give most of his money to the church and then keep the rest.
C
He thought that he should use his wealth to help others.
5

Why didn’t the US government declare monopolies to be illegal?

A
The government was only interested in making laws that benefited workers, not businesses.
B
The government didn’t believe that competition was good for business.
C
The government believed that it should remain out of business affairs.

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