Name:
Monopoly True or False
1. A monopoly is when someone has no control or possession of something.
a. True
b. False
2. Industries such as oil, railroads, banking, and tobacco were being
dominated by monopolies.
a. True
b. False
3. Robber Barons were people who ran monopolies.
a. True
b. False
4. Andrew Carnegie, John Rockefeller, J.P. Morgan, and James Buchanan Duke
were all Robber Barons.
a. True
b. False
5. Monopolies helped and encouraged businesses to grow in order to increase
competition.
a. True
b. False
6. The U.S. Government never got involved with stopping monopolies.
a. True
b. False
7. The Sherman Antitrust Act was passed in 1890 in order to prevent
monopolies.
a. True
b. False