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Gilded Age Giants: True or False

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True or false statements about industrial giants.

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United States

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Gilded Age Giants: True or False
 

Gilded Age Giants: True or FalseOnline version

True or false statements about industrial giants.

by Christian Mendoza
1

Vertical Integration means buying as many other steel companies as fast as possible.

2

Cornelius Vanderbilt owned 400 miles of railroad tracks on the east coast.

3

Rebate is a discount on freight charges given to all competitors.

4

Scabs are workers who refused to work during a strike.

5

Time Zones were proposed by C.F. Dowd to align calendars, not clocks.

6

Carnegie donated $90 million to benefit society and $300 million away; Rockefeller gave $500 million.

7

Horizontal Integration: Carnegie bought as many other steel companies as fast as possible.

8

The Sherman Antitrust Act: Illegal to form trusts that stopped trade.

9

The Bessemer Process was the first method for the mass production of steel from molten iron.

10

Andrew Carnegie started the Carnegie Steel Company and became the largest steel company.

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