10.1
This is the processing of raw materials and manufacturing goods in factories.
What is industry?
This process produced steel that was lighter and resistant to rust.
What is the Bessemer Process?
Completed in 1869, this railroad linked the Atlantic and Pacific coasts.
What is the Transcontinental Railroad?
This scandal occurred when Union Pacific owners hired themselves, overcharged for construction, kept extra profits, and bribed Congress members with shares
What is the Crédit Mobilier scandal?
best known for determining to control the entire steel industry.
Who is Andrew Carnegie?
This is the process of developing industries in a country or region on a wide scale.
What is industrialization?
Cities began using this device, which made travel cheaper and allowed the development of suburbs.
What are electric streetcars?
The completion of this railroad essentially ended the “frontier” because it:
made the entire United States accessible and connected.
This occurs when one company controls almost all of an industry.
What is a monopoly?
This is when a company acquires businesses along its supply chain to control multiple stages of production or distribution.
What is vertical integration?
Two major responses to the rise of powerful industrialists
What are government regulation and labor unions?
Cities began building these in the late 1800s because growing populations needed more space, and steel allowed builders to build upward.
What are skyscrapers?
These immigrant groups were heavily involved in building railroads, often facing dangerous conditions
Who are the Chinese and Irish?
Railroads became powerful because:
they were the main way to move goods and people, and farmers, businesses, and towns depended on them.
Banker best known for controlling and eliminating competition in industries.
Who is J.P. Morgan?
Factors that helped drive technological progress in the U.S.(3)
What are natural resources, government support, and growing city populations?
This inventor is credited with creating the telephone.
Who is Alexander Graham Bell?
Railroad schedules were inconsistent, which led to:
dividing the world into 24 time zones.
This is an economic system where companies can operate without government interference.
What is laissez-faire capitalism?
known for forming trusts, where competing companies gave control to a group of trustees.
Who is John D. Rockefeller?
In 1859, this man used a steam engine to successfully drill for oil.
Who is Edwin L. Drake?
New machines and factories allowed employees to work:
work faster (efficiency) and produce more.
Railroads increased trade between cities and towns, allowing:
both rural and urban areas to grow.
The late 1800s were a great time to build large companies and gain wealth because :
private businesses controlled most industries.
These three industrialists dominated their industries in the late 19th century and are often associated with monopolies.
Who are Andrew Carnegie, J.P. Morgan, and John D. Rockefeller?