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Transition to Corporate Capitalism: Industrial and Corporate Capitalism in the United States

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Transition to Corporate Capitalism: Industrial and Corporate Capitalism in the United States

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Questions and Answers

What is the primary focus of industrial capitalism?

The operation, financing, and profit accumulation resulting from industrialization (correct)

The impact on profits, wages, and ownership

The creation of wealth disparity and class-based conflicts

The use of new technologies and processes in manufacturing and transportation

What role did Andrew Carnegie play in the iron and steel industry?

Introducing new technologies and efficiencies to the oil refining industry

Investing in advanced iron technology

Dominating the steel industry with vertical integration (correct)

Horizontal integration in the oil production process

Which company became the largest oil refining business in Ohio?

Standard Oil Company (correct)

Carnegie Steel Company

Standard Iron Company

Ohio Steel and Iron Company

Which integration strategy was used by Carnegie Steel Company?

Vertical integration (B) Signup and view all the answers

What was the most commonly used industrial material in the 1880s?

Steel (A) Signup and view all the answers

How did John D. Rockefeller's Standard Oil Company dominate the oil refining industry?

Using horizontal integration (C) Signup and view all the answers

Which industry was revolutionized by the introduction of refrigerated freight cars for shipping meat?

Meatpacking industry (D) Signup and view all the answers

Which company played a significant role in rationalizing the oil refining industry and reducing competition?

Standard Oil (C) Signup and view all the answers

Which act aimed to outlaw monopolies in 1890, but had limited impact on restraining businesses?

The Sherman Antitrust Act (B) Signup and view all the answers

Which of the following was not a factor in Irish immigration between 1845 and 1880?

Religious persecution (B) Signup and view all the answers

Who played a pivotal role in reorganizing industries through consolidations and mergers?

J.P. Morgan (D) Signup and view all the answers

Which of the following was not a source of immigrants to the US by 1890?

South America (C) Signup and view all the answers