The Gilded Age
How long was the Gilded Age
30 years
He was America's first what?
Billionaire
Who did Andrew Carnegie sell his steel company to for $500 million?
J.P Morgan
What was the term for Morgan’s process of buying and consolidating smaller firms?
Morganization
What collective nickname is often given to the leaders of this era?
Forgettable presidents
When did the U.S. become the world leading industrial nation?
1914
In which city did Rockefeller receive his rigorous business education?
Cleveland
Which technological innovation did Carnegie adopt to mass-produce high-quality steel cheaply?
Bessemer Process
What was the name of the world’s first billion-dollar company created by Morgan?
U.S. Steel
Which massive fraud scandal involved advisors during Ulysses S. Grant’s presidency?
Crédit Mobilier
What term describes a capitalist who enriches themselves through the work of others or unfair influence?
Robber Baron
What 1859 event in Pennsylvania signaled a massive industrial shift to Rockefeller?
Oil Strike
What was Carnegie's weekly wage in his first job at a Pennsylvania cotton mill?
$1.20
o which branch of the military did Morgan reportedly sell defective equipment?
Union
How many electoral votes did Rutherford B. Hayes win his disputed election by?
One
Who were the captains of industry?
Rockefeller and Carnegie
What was the name of the company Rockefeller formed by merging various firms?
Standard oil
What business strategy involved Carnegie owning iron mines, coal fields, and railroads?
Vertical integration
What type of government lawsuits eventually broke up Morgan’s monopolies?
Antitrust
Which act did Chester Arthur pass to end the "spoils system" of political appointments?
Pendleton Act
By which date did the economy transform so extreme American had to quite their jobs.
1900
What did Rockefeller donate nearly half of his wealth to in his later years?
Philanthropy
What specific type of public building did Carnegie fund 3,000 of during his retirement?
Public Libraries
Morgan shifted the focus of the American economy from building products to managing what?
Capital
Which branch of government held "supremacy" over the presidency during this period?
Congress