7
practice testMultiple Choice

Practice Test

Question 7 • US History

Which of these men created a monopoly in the steel industry?

Answer
A
J. P. Morgan
B
Andrew Carnegie
C
Henry Ford
D
John D. Rockefeller

Explanation

J. P. Morgan created a monopoly in the steel industry by buying Andrew Carnegie’s steel company and combining it with other firms to form U.S. Steel in 1901. Andrew Carnegie built a major steel business, but Morgan organized the larger corporation that controlled much of the industry. John D. Rockefeller dominated oil, while Henry Ford became known for automobiles.

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