Ruthlessness of Monopoly Owners

Question 1

How was Carnegie ruthless with Unions?

Answer 1

If anyone in his factory attempted to set one up they would be taken away by armed guards he hired

Question 2

Who created the trusts for Rockefeller?

Answer 2

Henry Flagler

Question 3

How many trusts did Rockefeller set up for Standard Oil?

Answer 3

3

Question 4

Why did Rockefeller set up so many trusts?

Answer 4

So that he could buy as much property out of the state Standard Oil operated in as possible

Question 5

What massacre did Rockefeller cause? (Not a literal massacre)

Answer 5

The Cleveland Massacre

Question 6

What did Rockefeller do in the Cleveland Massacre?

Answer 6

He bought up 22 of 26 oil companies which could have been competition to him

Question 7

What was significant about Rockefeller made the Cleveland Oil Companies do that he bought up? Why?

Answer 7

He told them to keep it a secret so the other oil companies felt they could still compete.

Question 8

What did Rockefeller specifically say about smaller businesses in the Oil Refinery Industry?

Answer 8

He wanted “big ones” only in the oil industry.