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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 22-23.

Multiple Choice Questions

1. The nation suffers the most severe depression ever in June of what year?
(a) 1893.
(b) 1890.
(c) 1895.
(d) 1898.

2. Rockefeller begins to integrate vertically for what reason?
(a) To insure low volumen and high costs.
(b) To insure high volume and low costs.
(c) To insure high volume and high costs.
(d) To insure low volume and low costs.

3. Rockefeller now sets a goal of absorbing what refiners into Standard Oil and he easily succeeds in absorbing the two largest refiners?
(a) The Pittsburgh and Philadelphia.
(b) The Columbus and Cleveland.
(c) The Philadelphia and New York.
(d) The Cleveland and Pittsburgh.

4. When J. P. Morgan decides to form a steel trust in 1900, he has to deal with Rockefeller. Why does Junior handle the negotiations with Morgan?
(a) Morgan and Senior are too busy.
(b) Morgan trusts Junior.
(c) Morgan and Senior do not like one another.
(d) Senior is slowly giving him more responsibilities.

5. By 1870, there is so much overproduction and falling prices that John D. begins to worry about what?
(a) His family.
(b) His wealth.
(c) The economy.
(d) His health.

Short Answer Questions

1. In 1870, the partnership of Rockefeller, Andrews and Flagler is dissolved and what is formed?

2. The President has plans for a new cabinet department that will have what which can investigate the trusts?

3. Who owns the Russian operation?

4. Why is her father considered to be a rich man?

5. John D. now has control of the largest oil refinery in Cleveland at the age of ______________ along with his new partner, Am Andrews.

(see the answer key)

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