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CLEP US History II

Category - Economic Development

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Which of the following titans of industry is not correctly matched with the industry in which he was successful?

Cornelius Vanderbilt and railroads
J.P. Morgan and banking
Andrew Carnegie and steel
John D. Rockefeller and oil
J. Paul Getty and iron

Explanation

Answer: E - J. Paul Getty made his vast fortune in the oil industry. The Getty family began their empire during the Gilded Age, but J. Paul Getty’s successes, which began during the 1910s, were what made the Getty fortune one of the largest in the world by the mid-20th century. Vanderbilt, Morgan, Carnegie, and Rockefeller were all Gilded Age titans, who were so successful in their respective industries that they virtually controlled them outright. Their immense wealth, excessive control, and sometimes unscrupulous tactics earned them the moniker “robber barons.”

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