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John D. Rockefeller

Chapter 24 Test

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Chapter 24 Mark the one best answer for each of the following questions. 38. When private railroad promoters asked the United States government for subsidies to build their railroads, they gave all of the following reasons for their request except that it was a. too risky without government help. b. too costly without government help. c. too costly to move people in some areas without government help. d. too unprofitable in some areas without government help. e. impossible to serve military and postal needs without government help. 39. During the Gilded Age, most of the railroad barons a. rejected government assistance. b. built their railroads with government assistance. c. relied exclusively on Chinese labor. d. refused to get involved in politics.

Economic Growth in the Gilded Age, 1865-1890

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The New Industrial Order: Economic Growth in the Gilded Age, 1865-1890 Questions/Issues in Gilded Age Were 19th century economic entrepreneurs Robber Barons, or ?Captains of Industry?? Historical Context ? America and Economy Yankee Humbugs or Self-Made Men? Case Study: P.T. Barnum Industrial Progress and the Incorporation of America Industrialization and Progress and Poverty Incorporating America Communication and Culture Thomas Edison The Four Major Industries Railroads: ?The Octopus? Jay Gould Steel and Andrew Carnegie Vertical Integration Oil and John D. Rockefeller Horizontal Integration Testimony before Congress (17.1) Rebates and Drawbacks: Investment and Financing ? J.P. Morgan Justifying the Reality of the Gilded Age Andrew Carnegie, ?The Gospel of Wealth? (17.3)

Economic Growth in the Gilded Age, 1865-1890

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The New Industrial Order: Economic Growth in the Gilded Age, 1865-1890 Questions/Issues in Gilded Age Were 19th century economic entrepreneurs Robber Barons, or ?Captains of Industry?? Historical Context ? America and Economy Yankee Humbugs or Self-Made Men? Case Study: P.T. Barnum Industrial Progress and the Incorporation of America Industrialization and Progress and Poverty Incorporating America Communication and Culture Thomas Edison The Four Major Industries Railroads: ?The Octopus? Jay Gould Steel and Andrew Carnegie Vertical Integration Oil and John D. Rockefeller Horizontal Integration Testimony before Congress (17.1) Rebates and Drawbacks: Investment and Financing ? J.P. Morgan Justifying the Reality of the Gilded Age Andrew Carnegie, ?The Gospel of Wealth? (17.3)

HIstory Notes

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Chapter 25 Notes Rockefeller Grows an American Beauty Rose -Kerosene was the first major product of the oil industry. But, the invention of the light bulb rendered kerosene obsolete. - By 1900, the gasoline-burning internal combustion engine had beaten out its rivals as the primary means of automobile propulsion. The birth of the automobile gave a great lift to the oil industry. -John D. Rockefeller organized the Standard Oil Company of Ohio in 1870, attempting to eliminate the middlemen and knock out his competitors. By 1877, he controlled 95% of all the oil refineries in the nation. -Rockefeller grew to such a great power by eliminating his competitors.
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