Question 1
In the late nineteenth century, most American business millionaires
A. railed against the implications of Social Darwinism.
B. came from financially humble origins.
C. began their careers from positions of wealth and privilege.
D. had made their fortunes in the railroad industry.
E. were living examples of self-made men.
Question 2
In the American business community at the end of the nineteenth century,
A. most states had made it illegal for one corporation to buy another one.
B. rampant competitiveness and labor shortages helped to keep prices down and wages up.
C. one percent of corporations controlled one-third of all manufacturing.
D. almost all corporations had achieved stability through pool arrangements.
E. federal reforms of corporations had ended the most predatory business practices.
Question 3
To John D. Rockefeller, the great curse of business in the late nineteenth century was
A. the corporate tax.
B. the income tax.
C. the chronic labor shortage.
D. cutthroat competition.
E. government regulation.
Question 4
Who among the following began to develop an oil empire by taking control of competing oil companies in Ohio?
A. John D. Rockefeller
B. J. P. Morgan
C. Andrew Carnegie
D. Samuel Morse
E. Cyrus Field
Question 5
The business structure of Standard Oil is a good example of
A. horizontal integration.
B. diagonal integration.
C. central integration.
D. vertical and horizontal integration.
E. vertical integration.
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