1) Which change was brought by the Second Industrial Revolution? a) Machines made more goods in factories b) More people began to move to rural areas c) The country became an agricultural economy d) Immigration decreased 2) Andrew Carnegie was the man of a) Steel b) Oil c) Immigration d) automobile 3) Who created a monopoly in the oil industry? a) Andrew Carnegie b) Thomas Edison c) Alexander Gram Bell d) John D. Rockefeller 4) A monopoly is when a) There is exclusive control of a good or a service b) A company sells shares, or stocks, of its business to the public c) A “hands-off” approach towards business practices is taken d) Businessmen are arrested for faulty practices, 5) Which of the following best describes the term trust? a) A company that sells shares, or stocks, of its business to the public b) When a company exclusively controls a good or a service c) A “hands-off” approach towards business practices is taken d) A group of companies that allow a board to control prices/competition 6) Which of the following statements supports that big businessmen like Rockefeller and Carnegie were philanthropists? a) John D. Rockefeller and Andrew Carnegie disliked one another b) John D. Rockefeller and Andrew Carnegie were successful businessmen c) They donated millions of dollars to hospitals, schools, and charities d) John D. Rockefeller and Andrew Carnegie kept their money for themselves. 7) Which of the following is true about competition? a) Companies want to keep their prices much higher than their competitors b) Companies do not care about making profit if they have shareholders c) Companies want to keep their prices lower than their competitors d) Companies want to create monopolies to ensure fair competition 8) Mark Twain titled this period "the Gilded Age" because a) he believed society was perfect in every aspect b) he believed the government was more active in business than ever c) he believed society's problems were being covered "by a thin layer of gold" d) all areas of society benefited during this time 9) Which of the following is true about the Second Industrial Revolution? a) Most of the Population lived in rural farmland b) Many factories were built in major cities c) Slavery was used d) There was not too much change that occurred 10) Which of the following best describes the term "capital"? a) money for investment OR goods that could be used to make more goods b) partial ownership of a business c) complete ownership over an industry d) laissez-faire

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