AnswersRMA FL-2100310-United States History Semester 1New American Industries

New American Industries Answers

4 verified answers2 views
1
Free Preview

Which statement most accurately represents Carnegie’s effect on the steel industry between 1865 and 1892?

A
Carnegie built a monopoly by remaining focused on iron ore and coke supplies.
B
Carnegie was reluctant to change production methods and processes.
C
Carnegie stayed with the Pennsylvania Railroad until he opened his own plant and started making steel.
D
Carnegie realized that steel was the metal of the future and began to invest in or buy up potential competitors.
2
Free Preview

Which similarities did you include in your answer?

A
Both started work at an early age.
B
Both learned important skills in their first jobs.
C
Both built monopolies in their industries.
D
Both wanted to remove as many of their competitors as possible.
3

Which statement best represents Carnegie’s business philosophy?

A
We welcome it when people’s conditions and environments are equal.
B
The law of competition is not beneficial to the human race.
C
Competition and inequality are necessary for human advancement.
4

Which statement best represents Rockefeller’s business philosophy?

A
He believed it was his right to make as much money as he possibly could and that he should keep the money he made.
B
He believed that his gift of making money came from his hard work.
C
He believed that his ability to make money was a gift and that he could use his wealth to help others.

Did you find these answers helpful?

More from this Course

Assignment
16 verified answers

New American Industries

Instruction
7 verified answers

Instruction

Assignment
12 verified answers

New American Industries