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14. Which technique was one way Andrew Carnegie dominated the American steel industry in the late 1800s? (Points : 3) union oversight international mergers vertical integration corporate financing 15. What did John D. Rockefeller do to establish Standard Oil as a monopoly? (Points : 3) set up a trust bought stock options invested in banks kept discovering oil 16. Who developed the steel and oil industries in the United States? (Points : 3) J.P. Morgan and Nelson Rockefeller Dale Carnegie and James Duke Gustav Swift and Robert Kraft Andrew Carnegie and John D. Rockefeller 17. What important influence did nineteenth-century railroads have on what is today's "corporate America"? (Points : 3) They were the first to raise funds by issuing stocks and bonds. They created an awareness of the importance of transportation. The use of nonstandard materials on railways set an example for other businesses. They stressed the benefit of competition over monopolies. 18. What were two innovations that helped the railroads grow? (Points : 3) telegraph and telephone air brakes and steam power light bulb and hotel cars automatic lubricator and camera 19. Why was standardization of tracks and time zones important for railroads? (Points : 3) They forced Pullman and others to build cars according to certain standards. They offered greater efficiency in production, safety, and scheduling. They made it possible for towns to lay their own tracks. They reduced competition in the western part of the country. 20. Which two inventions changed agriculture in the 1800s? (Points : 3) shearer and milking machine combine and harrow disk and barbed wire reaper and steel plow 21. Which inventor is not correctly paired with his invention? (Points : 3) George Eastman point-and-shoot camera George Westinghouse alternating current Nikola Tesla generator Alexander Graham Bell telegraph 22. Who changed daily life in the United States by inventing a working light bulb? (Points : 3) George Eastman George Westinghouse Nikola Tesla Thomas Edison 23. How did J.P. Morgan's efforts to channel funds into the purchase of corporate stocks and bonds affect corporations? (Points : 3) It made them susceptible to monopolies. It helped them grow. It brought them under suspicion by the government. It kept them from growing. 24. Which were business practices employed by the titans of industry in the late 1800s? (Points : 3) building monopolies and forming trusts developing international cartels and lowering tariffs standardizing production and regenerating crafts integrating vertically and increasing competition 25. What problem did the Interstate Commerce Commission have with the railroads? (Points : 3) There were too many railroads for the ICC to regulate them efficiently. Prices continued to escalate because of regulation. There was difficulty getting illegal practices reported. The railroads used every legal means to avoid regulation. 26. Why was the Sherman Antitrust Act passed? (Points : 3) to put the Rockefellers out of business to show business that the government was in charge to eliminate monopolies, trusts, or any agreement that restrained trade to stimulate new business development through government assistance 27. What was the biggest problem with the legislation that was passed to regulate commerce? (Points : 3) Companies found loopholes in the laws. Regulators did not take their jobs seriously. Lawmakers amended them. The public ignored them.

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