Industrial Revolution
What replaces agriculture as the primary source of economic growth?
Manufacturing
The --- Rail--- Act (1862)- Provided Federal Subsidies in land and loans for the construction of a transcontinental railroad across the US
PACIFIC RAILROAD ACT
What were secret agreements between companies to fix rates and share profits (something you swim in)
"Pools"
What industry was JOHN D. ROCKEFELLER IN
Sherman ------ act
Gov’t will watch and monitor business
Who's rise encourages massive migrations and urbanization?
Big Business
Which TWO companies worked on the Railroad?
Union Pacific
Central Pacific
What was the organization of farmers demanding change?
The grange movement
WHAT INDUSTRY WAS ANDREW CARNIGIE IN?
STEEL INDUSTRY
What was ONE challenge for labor unions
The division between skilled vs. unskilled workers
Ethical & Racial divisions
A high rate of --- is issued
GIVE TWO EXAMPLES
PATENTS
TELEPHONE (Alexander Graham Bell) AND ELECTRIC LIGHT (Thomas Edison)
Was a Unified domestic market that created a national market for goods after or before the railroads?
After it was an IMPACT of the railroads
A court case stating states could regulate businesses
Munn V. Illinois
What do you call corrupt ruthless or unethical industrialists?
Robber Barons
Name ONE labor Union
National Labor Union
Knights of Labor
American Federation of Labor
High increase in railroad production after----
Who gave lands and subsides to these railroad corporation to increase production?
FEDERAL GOVT
The major problem was RAILROAD TYCOONS
CORNELIUS VANDERBILT
A court case stating states could not regulate business
Wabash case
What is horizontal integration? And who practiced it?
Controlling all competition in a particular industry
ROCKEFELLER
What was the great railroad strike of 1877?
Ruther B. Hayes used federal troops to end labor unrest
Consolidation leads to the standardization of the Industry
GIVE ONE EXAMPLE OR TWO
STEEL RAIL
STANDARD GAUGES
Who were given rebates (discount rates) by tycoons and who were often charged higher rates? Leading to unfairness
Favored shippers were given rebates
Poor small farmers were charged much higher rates
What did the interstate commerce act do?
Banned pooling, rebates, and rate fixing
FREE 500 POINTS
Thank me later ;)
Who did the homestead strike defeat?
Steel workers at Carnegie's factory