#1
Which industry was dominated by John D. Rockefeller's Standard Oil Company?
Oil
ExplanationControlled the majority of the oil refining industry in the late 19th century.
#2
Which industrialist was known for philanthropic efforts such as funding libraries and education institutions?
Andrew Carnegie
ExplanationEstablished numerous libraries, universities, and foundations.
#3
Who was known as the 'Wizard of Menlo Park' for his numerous inventions and innovations?
Thomas Edison
ExplanationInvented the phonograph, motion picture camera, and electric light bulb.
#4
Who is famously known for implementing assembly line production techniques in the automobile industry?
Henry Ford
ExplanationRevolutionized car manufacturing with assembly line techniques.
#5
Who founded the Pullman Company, known for its innovative luxury railroad sleeping cars?
George Pullman
ExplanationEstablished a company specializing in luxury railway accommodations.
#6
Who is considered the 'father of the American Industrial Revolution'?
Eli Whitney
ExplanationInvented the cotton gin, revolutionizing cotton production.
#7
Which tycoon was a major player in the development of the American electrical industry?
George Westinghouse
ExplanationPioneered alternating current (AC) electricity transmission.
#8
Which industry was primarily associated with Cornelius Vanderbilt's wealth?
Railroads
ExplanationInvested heavily in railroad expansion and consolidation.
#9
Who founded the American Tobacco Company, controlling almost 90% of the nation's cigarette market?
James B. Duke
ExplanationLed the formation of the American Tobacco Company.
#10
Which industrialist is credited with revolutionizing the meatpacking industry through innovations in refrigerated railway cars?
Gustavus Swift
ExplanationIntroduced refrigerated railroad cars for transporting meat.
#11
Who is known for implementing the concept of vertical integration in the steel industry?
Andrew Carnegie
ExplanationControlled all aspects of steel production from raw materials to distribution.
#12
What term describes the economic system characterized by the domination of large corporations and trusts?
Monopoly capitalism
ExplanationControl of markets by a few large firms.
#13
Which tycoon controlled the majority of the American railroad system by the late 19th century?
J.P. Morgan
ExplanationDominant figure in railroad financing and consolidation.
#14
Who was the industrialist behind the creation of U.S. Steel, the first billion-dollar corporation?
Andrew Carnegie
ExplanationFormed the first billion-dollar company in the United States.
#15
Which industrialist was involved in the formation of General Electric (GE), one of the world's largest multinational conglomerates?
Thomas Edison
ExplanationCo-founded General Electric, a major multinational corporation.