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?

    <p>Vertical integration</p> Signup and view all the answers

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

    <p>Steel</p> Signup and view all the answers

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

    <p>Using horizontal integration</p> Signup and view all the answers

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

    <p>Meatpacking industry</p> Signup and view all the answers

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

    <p>Standard Oil</p> Signup and view all the answers

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

    <p>The Sherman Antitrust Act</p> Signup and view all the answers

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

    <p>Religious persecution</p> Signup and view all the answers

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

    <p>J.P. Morgan</p> Signup and view all the answers

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

    <p>South America</p> Signup and view all the answers

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