1) What made Standard Oil a horizontal integration monopoly? A- it controlled all aspects of oil productions B- it owned ninety percent of US oil refineries C- it formed a trust D- it operated all

1) What made Standard Oil a horizontal integration monopoly?

A- it controlled all aspects of oil productions

B- it owned ninety percent of US oil refineries

C- it formed a trust

D- it operated all across the United States

A is WRONG

2) The Cleveland Massacre was

A- a takeover by Standard Oil of the refineries in Cleveland

B- a labor dispute at Standard Oil in Cleveland that turned violent

C- an attempt to stop Standard Oil from becoming a monopoly

D- a failed attempt by Standard Oil to take over other refineries

A is correct

3) Which company was a monopoly during the Gilded Age?

A- Microsoft

B- AT&T

C- Allegheny Steel

D- Carnegie Steel

D is the answer

4) How was Rockefeller able to build his monopoly across the oil industry?

A- He found newer and cheaper ways to refine oil, increasing his profits.

B- He confined his business to Ohio so he could buy all the refineries there.

C- He bought up oil refineries, cut costs, and reinvested his profits in other refineries.

D- He began to sell kerosene as well as oil, expanding his market.

C is the answer

5) What is the main reason that the American public turned against monopolies?

A- They saw the price of goods rise as their wages decreased.

B- They saw the price of goods rise as their wages increased.

C- They resented the wealth of the big business owners.

D- They were concerned about smaller businesses.

A is the answer

6) In which business did Andrew Carnegie create a monopoly?

A- the steel business

B- the oil business

C- the automobile business

D- the telephone business

A is the answer

7) A government is laissez-faire when it

A-fairly regulates workers.

B- fairly regulates businesses.

C- does not interfere with business affairs and does not regulate its actions.

D- leaves workers alone and doesn’t regulate unions.

C is the answer

8) How much did the government regulate business practices during the Gilded Age?

A- It strictly regulated the railroad industry, but left other businesses alone.

B- It regulated the steel industry and the railroad industry, but no other businesses.

C- It strictly regulated all businesses.

D- It barely regulated businesses at all.

D is the answer

9) During the Gilded Age, how did the US Congress act to regulate business practices?

A- Congress passed laws that supported laissez-faire policies to help businesses grow.

B- Congress was concerned about workers, so they passed laws that guaranteed a minimum wage.

C- Congress did not pass laws that would control the growth of monopolies.

D- Congress passed laws that ensured workplace safety.

C is the answer

10) How do monopolies affect the price of goods?

A- Monopolies always result in lower consumer prices.

B-Monopolies can lower and raise their prices at will.

C- Monopolies always result in higher consumer prices.

D- Monopolies have no effect on the cost of goods.

B is the answer