Big Business And Labor

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| By Kookieboo

Kookieboo

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Quizzes Created: 1 | Total Attempts: 104

Questions: 5 | Attempts: 104 | Updated: Feb 19, 2024

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The expansion of industry resulted in the growth of big business and prompted laborers too form unions to better their lives.

Questions and Answers

1.

At what age did Andrew Carnegie came to the untied states?
- A.
  
  10
- B.
  
  15
- C.
  
  12
- D.
  
  8
Correct Answer
C. 12

Explanation
Andrew Carnegie came to the United States at the age of 12.

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2.

Who bought Carnegie steel in 1901?
- A.
  
  John D. Rockefeller
- B.
  
  J. P. Morgan
- C.
  
  Great Britain
- D.
  
  USA
Correct Answer
B. J. P. Morgan

Explanation
J. P. Morgan is the correct answer because in 1901, J. P. Morgan, a prominent American financier and banker, bought Carnegie Steel from Andrew Carnegie. This acquisition formed the basis for the creation of U.S. Steel, which became the first billion-dollar corporation in the world. John D. Rockefeller, although a notable figure in the oil industry, was not involved in the purchase of Carnegie Steel. Great Britain and USA are not relevant to the question as they did not buy Carnegie Steel in 1901.

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3.

Who did the state governor called?
- A.
  
  John Rockefeller
- B.
  
  Andrew Carnegie
- C.
  
  J.P. Morgan
- D.
  
  President Rutherford B. Hayes
Correct Answer
D. President Rutherford B. Hayes

Explanation
The state governor called President Rutherford B. Hayes.

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4.

When did Carnegie left the Pennsylvania Railroad?
- A.
  
  1901
- B.
  
  1866
- C.
  
  1865
- D.
  
  1873
Correct Answer
C. 1865

Explanation
Carnegie left the Pennsylvania Railroad in 1865.

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5.

What percent did Rockefeller controlled of the refining business
- A.
  
  50%
- B.
  
  65%
- C.
  
  80%
- D.
  
  90%
Correct Answer
D. 90%

Explanation
Rockefeller controlled 90% of the refining business. This means that he had a significant and dominant influence over the industry, with his company, Standard Oil, holding a vast majority of the market share. This level of control allowed Rockefeller to exert significant power and influence over the prices and operations of the refining business, making him one of the most powerful figures in the industry during that time.

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Current Version
Feb 19, 2024

Quiz Edited by
ProProfs Editorial Team
Nov 30, 2011

Quiz Created by
Kookieboo

Big Business And Labor

At what age did Andrew Carnegie came to the untied states?

Who bought Carnegie steel in 1901?

Who did the state governor called?

When did Carnegie left the Pennsylvania Railroad?

What percent did Rockefeller controlled of the refining business