What were two of Americans major natural resources?
Iron and oil
Name two benefits of the Transcontinental Railroad.
Ease of travel, speed, business was able to move swiftly and move farther.
What two groups of people were hired to work on the Transcontinental Railroad?
Civil War Veterans, Irish Immigrants, Chinese immigrants.
Black gold was another name for...
Name some negatives of the Transcontinental Railroad
How did farmers feel about the railroad? Give pros and cons.
Pros: Ease of travel and moving goods. Cons: Railroad was taking land and not allowing small families or business to purchase land.
Edwin L Drake used this to get oil from below the surface.
A steam drill
The inventor of a typewriter.
Christopher Sholes.
Why were the Chinese hired to work on the Railroad?
They knew how to use dynamite which was needed to blow holes in mountains and rocky terrain to lay tracks.
What is price fixing?
When all businesses agree to set one price so that no one competes to offer a low price.
What were some uses for steel?
Tall buildings, useful for railroad, new machinery in factories.
What two inventions changed the workforce for women? Why?
Telephone and typewriter provided women with "Easy" and efficient tools to use to they could work in offices.
What was the Credit Mobilier Scandal?
A scandal where the Union Pacific Railroad made a construction company called Credit Mobilier which was given contracts to build the railroads but at 2-3 times the actual cost. They pocketed the profit and bribed conressional officials to keep allowing it.
Describe the case of Munn v. Illinois
Supreme Court case that let the states and farmers regulate the railroads to be more fair. Established the right of the federal gov. To regulate a private business for the public good.
What is the Bessemer Process?
It was developed by Henry Bessemer and William Kelly in 1850. It injected air into molten iron to remove impurities and make steel.
What is the term for someone who starts a business or finances one and assumes many risks for the business?
Entrepeneur
The transcontinental railroad was finished in this year.
May 10, 1889
Who was George Pullman and what is he known for?
Rich entrepeneur who built railroad cars and had employees on the train to assist passengerse. He hired so many people that he made a town for his workers, but it was a very strict town with too few freedoms.
What was the Interstate Commerce Act or ICC?
Interstate Commerce Act: The supreme court could regulate business of the railroads between states so that things were fair no matter where you traveled.