WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
IMMIGRATION IN INDUSTRIAL AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the BEST example of a “Robber baron” using his wealth in a “philanthropic” manner?
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Jay Gould and his involvement with the “Tammany Hall” political ring
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Cornelius Vanderbilt and the $1 million endowment he gave to Vanderbilt University
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Alexander Graham Bell using his capital to purchase all of the stock of his competitors
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The sale of Carnegie steel for $480 million to J.P. Morgan and the creation of U.S. Steel in 1901
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Explanation:
Detailed explanation-1: -Answer: B) Cornelius Vanderbilt and the $1 million endowment he gave to Vanderbilt University.
Detailed explanation-2: -Among the richest of the rich were the so-called robber barons, whose extreme avarice drove them to use unethical business practices and exploit workers to create lucrative monopolies, and in the process amass fortunes that would amount to billions of dollars in today’s money.
There is 1 question to complete.