+
Related Flashcards
Related Topics
Cards In This Set
| Front | Back |
|
True or False.Andrew Carnegie was an immigrant to America from France.
|
False
|
|
What is the proper order of the jobs Andrew Carnegie had from the time he came to America to the time he died?
|
Bobbin boy, telegraph messenger boy, assistant to railroad tycoon, businessman & investor, owner of the Carnegie Steel Company, philanthropist
|
|
What promise did Carnegie make himself at age 33?
|
To stop working in two years so he could help others less fortunate
|
|
How did Carnegie become so successful in the Steel Business?
|
He used the Bessemer process to produce the steel, and kept employee wages low
|
|
Who was Henry Clay Frick?
|
Carnegie's manager at the Homestead Steel Mill that called in Pinkerton Detectives to break up a strike resulting in the deaths of workers
|
|
What was the relationship between Andrew Carnegie and J.P. Morgan?
|
J.P. Morgan bought out Carnegie Steel
|
|
What was life like for industrial workers in the Gilded Age?
|
Poor working and living conditions, low wages, and long hours
|
|
What was the Bessemer Process?
|
An inexpensive and quick method of converting iron to steel
|
|
How did the Bessemer Process speed up industrial growth in America?
|
Because it produced a versatile metal that was reasonably priced, and could be used to construct rails and buildings
|
|
What word means - when you help fund a business or purchase shares in a business in return for some of the business's profits?
|
Investing
|
|
What is a tycoon?
|
a very wealthy and powerful business person
|
|
What term describes when a country's trade and industry are controlled by private businesses rather than the government?
|
Capitalism
|
|
True or false? John D. Rockefeller was a philanthropist.
|
True
|
|
What is the difference between an oil prospector and an oil refiner?
|
An oil prospector is a person who searches for oil by drilling and a refiner uses equipment to prepare oil for people to use.
|
|
What is a monopoly?
|
When one person or business owns all of how one product is made and sold
|
