John D. Rockefeller
100 points for anything Rockefeller did to improve his reputation.
Rockefeller University, University of Chicago, Rockefeller Center, Riverside Church, donated 550 million dollars, donated to Spelman and Morehouse College
100 points for every detail you know about JP Morgan's early life.
Born in Connecticut, his father was a banker, grew up wealthy, sickly child, sent to the Azores as a kid for a year, first wife died young (heartbroken), took risks in business.
100 for each correct fill in.
Carnegie was a _________ immigrant and worked as a _________ boy in a cotton factory. He self educated himself using a local ___________. One of Carnegie's rivals was ___________, because he ruined the company of Carnegie's mentor Tom Scott.
Scottish, bobbin, library, John D. Rockefeller
Goodwill to fellow members of the human race; active effort to promote human welfare
What is philanthropy?
A person who is in the top percent of the economy and had monopolized a certain corporation
What is a titan of industry
1870 Trust company put together by Rockefeller
What is Standard Oil?
What corporations did JP Morgan help form?
General Electric, U.S. Steel
This was the industry that Andrew Carnegie expanded greatly.
What is the steel industry
A hold on an industry by a singular company, eliminating competition.
What is a Monopoly?
A method used by Rockefeller of buying out rival companies to form a monopoly.
What is horizontal integration?
JP Morgan helped create conglomerates, what is a conglomerate?
Large corporations made of smaller companies.
Some of Carnegie's workers did this when he tried to lower their wages. Unions sometimes use this strategy to negotiate for better working conditions.
Strike
Name for Titans of Industry who were seen in a negative light for the dictatorial operations of their corporations.
Who is Robber Baron
the name for a Titan of Industry that were seen in the light of building the economy.
What is Captians of Industry
What did Rockefeller make with the waste products of crude oil?
Petroleum, asphalt, gasoline, kerosine, heating oil, diesel fuel
Name 3 positive things Morgan did as a tycoon.
Funded Thomas Edison and General Electric.
Twice saved the economy
Created JP Morgan Chase Bank.
Bought Carnegie Steel from Andrew Carnegie, created U.S. Steel.
Funded Great Britain and France during World War I.
Purchased valuable works of art to bring culture to America.
This was the event that tarnished Carnegie's reputation. Pinkerton detectives opened fire on workers during the ______________ in one of Carnegie's factories in Pennsylvania.
Homestead Strike
This Federal Act attempted to dismantle trusts and monopolies.
What is the Sherman Antitrust Act?
What was Rockefeller's father's nickname?
Devil Bill
What philanthropy did JP Morgan participate in?
He gave to churches, was a trustee of American Museum of Natural History and donated artifacts, and he was also a collector of fine art.
This is a strategy that controls every part of the production chain. Andrew Carnegie was a strong believer in this strategy and it helped him form a monopoly.
What is vertical integration?
Rockefeller's company was broken up by the US government. Name at least 3 companies that were created from this break up.
ExxonMobil, Chevron, and Marathon, Amoco, as well as companies later acquired by BP and Vaseline.