Empires of Industry: Black Gold video guide 1. What element burned longer and cleaner than whale oil? Kerosene
2. By 1859 how much Kerosene was being produced annually? 5 million dollars worth
3. What did Edwin L. Drake do? Was the first person to drill for oil
4. How much was oil selling for at this time? $20 a barrel
5. What happened in January 1866? The wells began to dry up
6. A parcel of land that would have sold for 2 million dollars in 1865 was auctioned off for how much? $4.30
7. Who died penniless in 1880? Edwin Drake
8. At the age of 19 what did John Davidson Rockefeller form? Produce shipping firm
9. In 1864 what did Rockefeller buy? First oil refinery
10. After taking control of the company what did Rockefeller focus his energies on? Oil
11. Demand for what grew in urban areas after the civil war? Kerosene
12. In 1866 sales of Rockefeller kerosene was what? 2 million dollars
13. How did Rockefeller want to stabilize the oil industry? Buy all of it
14. Who joined Rockefeller in 1867 as his business partner? Henry Flagler
15. What was all powerful in the 1870s America? The railroad
16. By 1871 Standard Oil transported how much Kerosene and crude oil by railroad? Over a million barrels
17. The competitors of Rockefeller had what two choices? Sell to standard oil or go bankrupt
18. By 1879 The Standard Oil Company controlled what percent of the refinery operations in the United States? 90%
19. What did Rockefeller create in 1882 to protect his company? The Standard Oil Trust
20. What is a trust? A legal form of business organization
21. What were created from trusts? Monopolies
22. What did Thomas Edison have patented? The electric lamp
23. What invention helped save Rockefellers industry? The automobile
24. Where did men look for black gold (oil)? Texas
25. What was the new breed of oil man called? Wildcatters
26. Where was oil first discovered in the United States? Pennsylvania
27. What oil find doubled the total U.S. production of oil by itself? Spindletop
28. What kind of town did Beaumont Texas become? Boomtown
29. How much oil did Spindletop produce in an hour? 3000 barrels
30. What was the Texas fuel oil company renamed to? Texaco
31. In 1911 what did the United States Supreme court rule? That the Standard Oil trust was in violation of federal laws that prohibited the restraint of trade. Standard Oil would have to be broken up.
32. What was one of the companies that came out of Standard Oil Company’s breakup? Mobil, Chevron, Exxon
33. When did the oil consumption reach its apex? The decades following WWII
34. Between 1945 and 1950 the number of automobiles on America’s roads climbed from 26 million to what? 40 million
35. What became the hallmarks of the postwar oil industry? Image and service
36. Who formed OPEC (organization of petroleum exporting countries)? 13 oil producing countries in the Middle East and South America.
37. What put the American economy in a tail spin? Gas shortages from the OPEC oil embargo
Empires of Industry:
ReplyDeleteBlack Gold video guide
1. What element burned longer and cleaner than whale oil? Kerosene
2. By 1859 how much Kerosene was being produced annually? 5 million dollars worth
3. What did Edwin L. Drake do? Was the first person to drill for oil
4. How much was oil selling for at this time? $20 a barrel
5. What happened in January 1866? The wells began to dry up
6. A parcel of land that would have sold for 2 million dollars in 1865 was auctioned off for how much? $4.30
7. Who died penniless in 1880? Edwin Drake
8. At the age of 19 what did John Davidson Rockefeller form? Produce shipping firm
9. In 1864 what did Rockefeller buy? First oil refinery
10. After taking control of the company what did Rockefeller focus his energies on? Oil
11. Demand for what grew in urban areas after the civil war? Kerosene
12. In 1866 sales of Rockefeller kerosene was what? 2 million dollars
13. How did Rockefeller want to stabilize the oil industry? Buy all of it
14. Who joined Rockefeller in 1867 as his business partner? Henry Flagler
15. What was all powerful in the 1870s America? The railroad
16. By 1871 Standard Oil transported how much Kerosene and crude oil by railroad? Over a million barrels
17. The competitors of Rockefeller had what two choices? Sell to standard oil or go bankrupt
18. By 1879 The Standard Oil Company controlled what percent of the refinery operations in the United States? 90%
19. What did Rockefeller create in 1882 to protect his company? The Standard Oil Trust
20. What is a trust? A legal form of business organization
21. What were created from trusts? Monopolies
22. What did Thomas Edison have patented? The electric lamp
23. What invention helped save Rockefellers industry? The automobile
24. Where did men look for black gold (oil)? Texas
25. What was the new breed of oil man called? Wildcatters
26. Where was oil first discovered in the United States? Pennsylvania
27. What oil find doubled the total U.S. production of oil by itself? Spindletop
28. What kind of town did Beaumont Texas become? Boomtown
29. How much oil did Spindletop produce in an hour? 3000 barrels
30. What was the Texas fuel oil company renamed to? Texaco
31. In 1911 what did the United States Supreme court rule? That the Standard Oil trust was in violation of federal laws that prohibited the restraint of trade. Standard Oil would have to be broken up.
32. What was one of the companies that came out of Standard Oil Company’s breakup? Mobil, Chevron, Exxon
33. When did the oil consumption reach its apex? The decades following WWII
34. Between 1945 and 1950 the number of automobiles on America’s roads climbed from 26 million to what? 40 million
35. What became the hallmarks of the postwar oil industry? Image and service
36. Who formed OPEC (organization of petroleum exporting countries)? 13 oil producing countries in the Middle East and South America.
37. What put the American economy in a tail spin? Gas shortages from the OPEC oil embargo