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