| A | B |
|---|
| Alexander Graham Bell developed which invention to improve communication? | telephone |
| Which Thomas Edison invention changed American business and social life the most? | the electric light bulb |
| Which industry was improved by the Bessemer process? | steel |
| What industry was controlled by Andrew Carnegie? | steel |
| Which trust enabled John D. Rockefeller to control the oil industry? | Standard Oil |
| What was J.P. Morgan associated with? | banking and finance |
| What government policy reduced business regulations? | laissez-faire capitalism |
| Which methods were used by business leaders to grow the size of their companies? | horizontal and vertical integration |
| What business structure enabled business leaders to eliminate competition during the late-1800s? | Trust |
| Which theory explained the growing wealth of America's business leaders during the late-1800s? | Social Darwinism |
| What is associated with Andrew Carnegie's "Gospel of Wealth"? | donating funds to libraries, schools, and hospitals |
| Which act was passed to prevent trusts from forming monopolies? | Sherman Antitrust Act |
| Which act was passed to regulate railroad freight rates? | Interstate Commerce Act |
