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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. John D. is able to negotiate good rates on the railroads for what reason?
(a) He has many friends in the railroad industry.
(b) Many of the railroad owners owe him favors.
(c) Many of the railroad owners are Standard Oil stockholders.
(d) He has worked in the railroad industry.

2. John D. begins keeping track of his other expenditures and receipts in a book he calls what?
(a) Ledger A.
(b) My Work.
(c) My Life.
(d) My Journal.

3. When John D. helps Big Bill buy a North Dakota ranch, he does it in such a way that who can never have any claims to it?
(a) Macy Alexander.
(b) Martha Allison.
(c) Mary Allerton.
(d) Margaret Allen.

4. Maurice Clark and his brothers are in business with John D. in the refinery and John D. does not like this for what reason?
(a) He does not get along with them.
(b) He does not like the business.
(c) They do not listen to his ideas.
(d) They have the votes to override him.

5. They have a ____________ long honeymoon in Canada and along the East Coast.
(a) Month.
(b) Year.
(c) Week.
(d) Six-month.

6. 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.

7. Are the Rockefellers practitioners of conspicuous consumption?
(a) Yes.
(b) Only much later.
(c) Only at first.
(d) No.

8. Associations are being formed for what purpose?
(a) To increase production.
(b) To slow production.
(c) To limit production.
(d) To stop production.

9. What helps John D. in his business life?
(a) His friends.
(b) His common sense.
(c) His wealth.
(d) Religion.

10. In 1860, the first kerosene is made in what city by C. A. Dean?
(a) Pittsburgh.
(b) Lexington.
(c) Indianapolis.
(d) Cleveland.

11. Do the refiners like the plan?
(a) No, they suggest another plan.
(b) No, they ignore it.
(c) No, they fight it.
(d) Yes.

12. The last pocket of resistance lies with what refiners and they are brought into the fold by 1877?
(a) The New Jersey and New York.
(b) The New York and Virginia.
(c) The Baltimore and Boston.
(d) The Baltimore and West Virginia.

13. The price of crude oil is extremely ___________.
(a) High.
(b) Low.
(c) Steady.
(d) Volatile.

14. Oil is found in the Western United States, as well as in what states?
(a) Ohio and Kentucky.
(b) Kentucky and Indiana.
(c) Indiana and Ohio.
(d) West Virginia and Kentucky.

15. In what year does the economy enter into a downturn that lasts for six years?
(a) 1873.
(b) 1833.
(c) 1837.
(d) 1877.

Short Answer Questions

1. Big Bill runs a _______________ business and a hired worker who runs his farm.

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

3. The only competition to Standard is what company?

4. He is eventually hired by Hewitt and Tuttle as what?

5. In 1878 Thomas Edison invents what?

(see the answer keys)

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