Question

which of these is an example of a trust?

an oil company that buys out its suppliers
a steel company that takes over its competitors
a group of railroad companies run by one management
a transport company that agreed on rates with its competitors

question 5
(02.02 lc)
how did lewis howard latimer contribute to technology?

he created a more efficient steam engine.
he invented a new method for harvesting cotton.
he helped improve the production of light bulbs.
he designed the first mechanical sewing machine.

Explanation:

Define a business trust

A trust is a form of business organization where a single board of trustees manages multiple separate companies. This allows them to operate as a single monopoly, which is highly relevant to Gilded Age Monopolies.

Evaluate the trust options

• "An oil company that buys out its suppliers" describes vertical integration.
• "A steel company that takes over its competitors" describes horizontal integration.
• "A group of railroad companies run by one management" perfectly describes a trust.
• "A transport company that agreed on rates with its competitors" describes a pool or cartel.

Identify Lewis Howard Latimer

Lewis Howard Latimer was an African American inventor and draftsman. He made significant contributions to the development of electrical technology during the late 19th century.

Analyze Latimer's contributions

Latimer patented a carbon filament for the incandescent light bulb. This invention made light bulbs more durable, efficient, and affordable for public use.

Evaluate the inventor options

• "He created a more efficient steam engine" refers to James Watt.
• "He invented a new method for harvesting cotton" refers to Eli Whitney.
• "He helped improve the production of light bulbs" matches Latimer's carbon filament patent.
• "He designed the first mechanical sewing machine" refers to Elias Howe.

Answer:

Question 1

• (A) An oil company that buys out its suppliers
• (B) A steel company that takes over its competitors
• (C) A group of railroad companies run by one management (Correct answer)
• (D) A transport company that agreed on rates with its competitors

Question 2

• (A) He created a more efficient steam engine.
• (B) He invented a new method for harvesting cotton.</mcq-correct>
• (C) He helped improve the production of light bulbs. (Correct answer)

<mcq-option>(D) He designed the first mechanical sewing machine.