10.1: Mining, Railroads, and the Economy
What was the Transcontinental Railroad?
A railroad connecting east and west coasts.
What is inflation?
Rise in the general price level of goods.
What is a Monopoly?
Exclusive control over a commodity or service
What was the Triangle Factory Fire?
A tragic workplace fire in a garment factory.
What is Thomas Edison credited with inventing?
The light bulb and modern electricity
How did railroads help the United States grow and prosper?
Improved transportation and trade
What is the definition of wholesale?
Selling in large quantities to retailers
What was vertical integration?
The control of all aspects of a production process, from raw materials to finished products
What was one reason why the Triangle Factory Fire was so deadly
Locked exit doors and inadequate fire escapes (other answers also accepted for jeopardy like elevators, lack of sprinklers, etc.)
Define the word transatlantic.
Across the Atlantic Ocean
Why might a sudden surge of people into an area cause problems?
Strain resources and infrastructure
How did technology help the sodbuster?
By facilitating plowing of tough soil.
Why would individuals buy stock in a corporation?
To become partial owners and share in profits hoping to become rich
What was the outcome of the Triangle Factory Fire?
Increased awareness of workers' rights and safety leading to safer working conditions.
What is Alexander Graham Bell credited with inventing?
The telephone
What role did vigilantes play on the western mining frontier?
Enforcing justice outside the law
What were the Morrill Acts?
Legislation promoting higher education in agriculture.
How did Andrew Carnegie process natural resources more efficiently to make large profits?
By vertical integration and controlling the entire production process
How did the employer-worker relationship change over the 1800s?
Decreased working hours.
Shifted towards more industrial control and less worker autonomy.
Strengthened workers' rights.
ALL ARE ACCEPTABLE AMONG OTHER ANSWERS
What was the importance of the Transatlantic Cable?
Facilitated telegraph communication across the Atlantic Ocean
What does it mean to consolidate?
To combine or merge
Why did Congress create the Morrill Acts?
To promote higher education and agriculture
What is a corporation?
A legal entity owned by shareholders
Why was it important for the trade unions to engage in collective bargaining?
To negotiate better working conditions and wages
What is a moving assembly line?
A process where products move along a conveyor belt making production more efficient