Copy of APUSH - Comprehension Questions 24.2

APUSH CHAPTER 24: INDUSTRY COMES OF AGE, 1865-1900 COMPREHENSION QUESTIONS 24.2 INSTRUCTIONS: Read Chapter 24, p. 515-518 and 520-525 and answer the following questions (a) in complete sentences; and (b) in your own words. 1. Use the table below to summarize the careers of each of the tycoons . (p. 515-518 & 520-524) TYCOON INDUSTRY HOW’D HE GET SO RICH? Leland Stanford Business and Gold Mining He was an American industrialist and politician who founded Stanford University. He migrated from California from NY at the time of the Gold Rush so that he could become a successful merchant and wholesaler. He did this so that he could expand his business empire Cornelius Vanderbilt Business and his involvement with building railroads He was an American business magnate who built his wealth in railroads and shipping. After working with his father’s business, Vanderbilt worked his way into leadership positions in the inland water trade and invested in the rapidly growing railroad industry. Andrew Carnegie American steel industry He was a Scottish-American industrialist and philanthropist. He led the expansion of the American steel industry and became one of the richest Americans in history. He became a leading philanthropist in the U.S. and in the British Empire. J. Pierpont Morgan Financier and Wall Street He was an American financier and banker who dominated corporate finance on Wall Street through the Gilded Age. John D. Rockefeller Business and Philanthropy An American business magnate and philanthropist. He is widely considered the wealthiest American of all time and the richest person in modern history. Rockefeller was born into a large family in the upstate NY that moved several times before settling in Cleveland, Ohio. 2. According to Carnegie’s “ Gospel of Wealth ,” what obligations did the wealthy owe to society? (p. 524)