A)

Question

Who is credited for using his wealth to build up the steel industry?

(1 point)
Responses

Thomas Edison

Thomas Edison

John Rockefeller

John Rockefeller

Cornelius Vanderbilt

Cornelius Vanderbilt

Andrew Carnegie

Andrew Carnegie
Question 2
A)
How did horizontal integration change the way business was done in America?

(1 point)
Responses

Big corporations could control the cycle of a product from creation to sale.

Big corporations could control the cycle of a product from creation to sale.

Large companies grew larger by merging with other companies or acquiring them.

Large companies grew larger by merging with other companies or acquiring them.

Big companies were not allowed to destroy their smaller competition anymore.

Big companies were not allowed to destroy their smaller competition anymore.

Business leaders could move into jobs of similar status where their skills were more of a fit.

Business leaders could move into jobs of similar status where their skills were more of a fit.
Question 3
A)
Which of the following was the main policy of government toward big business in the late 1800s?

(1 point)
Responses

horizontal integration

horizontal integration

laissez-faire

laissez-faire

vertical integration

vertical integration

anti-trust laws

anti-trust laws
Question 4
A)
What was one effect the growing railroad industry had on the country?

(1 point)
Responses

National markets increased as goods could be sold across the country more easily.

National markets increased as goods could be sold across the country more easily.

Leaders in the railroad industry wanted to get low-cost materials from other countries.

Leaders in the railroad industry wanted to get low-cost materials from other countries.

Companies had to compete for American workers by offering well-paying jobs.

Companies had to compete for American workers by offering well-paying jobs.

A larger variety of companies were able to compete in the railroad industry.

Answer 1

Here are the answers to your questions:

Question 1: Who is credited for using his wealth to build up the steel industry?

• Andrew Carnegie

Question 2: How did horizontal integration change the way business was done in America?

• Large companies grew larger by merging with other companies or acquiring them.

Question 3: Which of the following was the main policy of government toward big business in the late 1800s?

• laissez-faire

Question 4: What was one effect the growing railroad industry had on the country?

• National markets increased as goods could be sold across the country more easily.