#1
Who is often credited as the inventor of the light bulb?
Thomas Edison
ExplanationInventor of the first practical and commercially successful incandescent light bulb.
#2
Which industry was most significantly impacted by the Bessemer Process during the Gilded Age?
Steel industry
ExplanationRevolutionized steel production, leading to mass production and significant growth in the steel industry.
#3
Which industrialist was known as the 'Wizard of Menlo Park'?
Thomas Edison
ExplanationRenowned inventor and entrepreneur, credited with numerous innovations including the phonograph and motion picture camera.
#4
Who invented the telephone?
Alexander Graham Bell
ExplanationInventor of the first practical telephone.
#5
Who was known as the 'Robber Baron' of the steel industry during the Gilded Age?
Andrew Carnegie
ExplanationProminent figure in the steel industry, known for his immense wealth and controversial business practices.
#6
Which industrialist was the founder of Standard Oil Company?
John D. Rockefeller
ExplanationFounder of the Standard Oil Company, which dominated the oil industry in the late 19th century.
#7
Which railroad company was responsible for the completion of the First Transcontinental Railroad in the United States?
Central Pacific Railroad
ExplanationPlayed a key role in constructing the western portion of the First Transcontinental Railroad.
#8
Who was the founder of the American steel industry?
Andrew Carnegie
ExplanationBuilt a vast steel empire and revolutionized the steel industry in the United States.
#9
Who authored the book 'The Gospel of Wealth,' which discussed the responsibilities of the wealthy during the Gilded Age?
Andrew Carnegie
ExplanationArgued for the responsible use of wealth for philanthropic purposes.
#10
Which industrialist was associated with the phrase 'survival of the fittest' during the Gilded Age?
John D. Rockefeller
ExplanationEmbraced the idea of ruthless competition in business.
#11
Who was the co-founder of the Standard Oil Company along with John D. Rockefeller?
Henry Ford
ExplanationNot accurate; Henry Ford was not a co-founder of Standard Oil Company.
#12
Who was the financier and banker who played a significant role in shaping modern corporate finance?
J.P. Morgan
ExplanationPlayed a pivotal role in financing major corporations and restructuring the financial landscape.