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Who was the king of steel?
Andrew Carnegie
Who was the king of oil?
John. D. Rockefeller
Who bilt the railroads?
Cornelius Vanderbilt
Who had a monopoly of the banking sector?
J.P. Morgan
what is a monopoly?
When one company has control of an entire industry
Why are monopolies bad?
They make prices higher, eliminate competition
Why did companies want to make monopolies?
To eliminate competition and make more money
Who did Andrew Carnegie hire to make his business more profitable?
Henry Frick
What is a captain of industry?
Someone who uses their money and power to make the country better, advance our economy.
what is a robber baron?
Someone who uses their money and power to hurt people, take advantage of people, or do bad things.
List 2 things did they build with steel during this time period?
bridges, railroads, buildings
Why were trains important to John D. Rockefeller?
He needed them to move his oil
Why were buildings important to Andrew Carnegie?
He could sell lots of steel to build them and make a profit.
Which two men competed to be the richest?
Andrew Carnegie and John. D. Rockefeller
What is the American Dream?
To have a good life, make money, and be happy
What is manifest destiny?
The belief that America should spread all the way west to cover the entire land mass
