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- Which word describes the role Henry Flagler played in the growth of Florida in the late 1800s?
- legislator
- ANSWER - developer
- inventor
- tourist
- Points earned on this question: 8
- Question 2 (Worth 8 points)
- Which of the following shows a similarity in the business practices of John D. Rockefeller and Andrew Carnegie?
- Both formed important steel companies.
- Both relied on horizontal integration.
- ANSWER - Both tried to control competition to increase profits.
- Both created holding companies to buy up other companies.
- Points earned on this question: 8
- Question 3 (Worth 8 points)
- How did railroad technology improve profits for companies?
- ANSWER - It resulted in faster and cheaper long-distance shipping.
- It encouraged the concentration of industry in the East.
- It made the cost of goods from the West less competitive.
- It allowed workers to transfer from company to company.
- Points earned on this question: 8
- Question 4 (Worth 8 points)
- How did a pool differ from a trust?
- Pools were larger than trusts.
- A trust limited competition, but a pool did not.
- Only vertically integrated companies formed pools.
- ANSWER - Pools were made of independent companies, but a trust was not.
- Points earned on this question: 8
- Question 5 (Worth 8 points)
- How did horizontal integration limit competition?
- ANSWER - Fewer independently owned companies existed to compete.
- Companies agreed not to compete, so they all made more money.
- More small companies tried to supply raw materials to large companies.
- Suppliers could not produce enough to serve horizontally integrated companies.
- Points earned on this question: 8
- Question 6 (Worth 10 points)
- Match Term Definition
- E Sarah E. Goode A) Self-lubricating steam engine
- F Henry Ford B) Third rail for electric trains
- A Elijah McCoy C) Three-position traffic signal
- G Wright Brothers D) Railroad sleeping car
- H Madame C.J. Walker E) Folding cabinet bed
- J Lewis Howard Latimer F) Assembly-line production
- I George Westinghouse G) Powered flight
- C Garrett Morgan H) Beauty products
- B Granville T. Woods I) Alternating current power
- D George Pullman J) Improved light bulbs and lamps
- Points earned on this question: 10
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