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section1and2history
| Question | Answer |
|---|---|
| what made it possible for the transcontinental railroad to be made | pacific railway act |
| where was the union pacific located | Omaha, Nebraska |
| who worked on the union pacific | civil war veterans, convicts, African Americans, Irish |
| where was the central pacific being built | Sacramento, California going East |
| who worked for the central pacific | Chinese immigrants due to labor shortage |
| what was the wedding of the rails | Two companies met transcontinental railroad was completed |
| what was the great northern known for | built without government land grants |
| how did the railroads affect the US economically | created jobs stimulate US economy growth especially in the west |
| what did railroads establish | four standard time zones |
| The U.S. Becomes an Industrial Giant After the Civil War: by 1900 US is the what | most dominant country |
| what did natural resources provide | an abundat supply of water, timber, coal, and iron ore |
| why did population triple in size | immigration |
| what did they believe supply and demand do | determine prices and wages |
| what is an Entrepreneur | someone willing to risk their own money to start a business |
| what are Tariffs | tax on imports to protect american businesses and allow them to compete, especially with Europe |
| what new invention transformed communication | the telephone |
| Transportation: | railroad will ship goods faster and cheaper |
| what did Thomas Edison invent | light bulb |
| what is a corpporation | a company owned by many investors called stockholders but treated by law as a single person |
| economies of scale | they meet the demands of a national market and lower prices because more efficient with lower costs. |
| Horizontal integration: | purchase of competing companies in the same industries to create a monopoly. Ex. Standard Oil Trust (Rockefeller) |
| Vertical Integration: | purchase companies at all levels of production from raw materials to finished product. Ex. U.S. Steel |
| what did captains do | create jobs actions that will benefit society |
| Robber Baron | were accused of robbing their company |
| Andrew Carnegie “the Master of Steel”: | was the first to use the Bessemer process gave away much of his wealth steel |
| John Rockefeller – Standard Oil: | ruthless businessman |
Created by:
Terminal98
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