10 Questions
Which industry pioneered the creation of trusts in the early 1880s?
Oil industry
What did stockholders receive in exchange for transferring their stocks to a trust?
Shares in the trust itself
What did the creation of holding companies allow for?
Direct ownership of multiple companies
Which industry was the principal agent of industrial development in the late nineteenth century?
Railroads
What was the total railroad trackage in the United States in 1900?
193,000 miles
What contributed to the growth of the modern corporation in the late nineteenth century?
All of the above
Which industry was among the first to adopt the new corporate form of organization in the late 19th century?
Steel industry
Who merged the Carnegie interests with others to create the giant United States Steel Corporation?
J. Pierpont Morgan
Which method of consolidation involves a company taking over all the different businesses on which it relied for its primary function?
Vertical integration
Which industry did John D. Rockefeller's Standard Oil dominate in the late 19th century?
Oil industry
Test your knowledge of railroads and their impact on industrial development in the late 19th century. This easy quiz covers topics such as market access, raw material sourcing, and the significant role of railroads in stimulating economic growth.
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