RAILROADS
what was the race of most men that worked on the railroad?
Irish and Chinese men
Who ran the Railroad industry?
J. P. Morgan
what does bankruptcy mean?
The state of being bankrupt, no money
what banker bought RR companies and eliminated competitors?
J.P. Morgan
who was the president in 1877?
Grant
The exclusive possession or control of the supply of or trade in a business or service.
Monopoly
what did railroad time evolve into?
Standard Time
what industry became the first private industry to be regulated by the U.S. government
The Railroad Industry
What year could African American men vote?
In 1870 African Americans were legally allowed to vote.
what does inflation mean?
a general increase in prices and fall in the purchasing value of money
what did the railroad company become?
the first private industry to be regulated by the U.S. government
what was the biggest bank in America in the late 1800's?
Bank of the United States
what act required railroad rates to be "reasonable and just"?
Interstate Commerce Act
when did Abraham Lincoln term end
1865
what does it mean to be a robber baron?
a person who has become rich through ruthless and unscrupulous business practices
what was the name of the first railroad?
(it's not transcontinental)
The Baltimore & Ohio Railroad was the name of the first railroad ever created
what was the largest industry in the late 1800s (another word for guns)
textiles
who was the vice president in 1877?
Rutherford _ Hayes
B
a payment made to someone who has facilitated a transaction or appointment, especially illicitly.
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