6-2
-What caused the Industrial revolution to really take off in the late 1800's? technological improvements roads railroads hydraulic potential the Bessemer steel process made the steal stronger. there was cheap labor. lots of natural resources, oil boom
-What were some new inventions in the late 1800's and what affect did they have on people's lives? Thomas Edison created the incandescent light bulb in 1880. creation of machines to replace human workers creation of machine to improve life telephone typewriter light bulb cotton gin the use of steam power. improved the standard of living population moving into cities
6-2
What impact did railroads have on the US? west ward expansion, Many Chinese and irish immigrants worked on railroads, Accidents and diseases killed thousands
-Why were many people upset with the railroads? farmers, Train company charged different prices
-What did the Grangers or government do to regulate the railroads? State could not set rates on interstate commerce. Laws that regulated prices, couldn't vary.
6-3
-Tell me about Andrew Carnegie. Buys out his suppliers, wanted to control raw materials and transportation systems,Grew up poor, Made millions, one of richest people at time
-Tell me about John D. Rockefeller. -paid worker low wages, lowered prices on oil, Ran other companies out, Got control of market and raised prices, Richest man
-What was Social Darwinism and how did it apply to business? - survival of the fittest
-Explain how companies formed monopolies(vertical/horizontal integration, trusts). bought out the other companys to jack up the prices
-How did the government try to regulate business? Tried to cut off monopolies and make them smaller,
-What are labor unions and what is their purpose?Groups that changed their conditions at work, Had strikes and sometimes refused to work, laborers on strike.
Were labor unions successful in achieving their goals? Explain/Give examples. Yes and no. won some small victories such as less hour or more pay
Comments
Good.