- AGE OF THE RAILROADS
-cities were made because of the railroads
-you could travel
-you could send things
- George Pullman
made sleeper cars.
made them comfortable for long rides
didn't sell, he leased them to railroad companies
-high point- leased 2000 railroads cars.
lincolns body was carried in one
- Credit Mobilier
railroad company that made the tracks
over charged by millions and its known as a scandal
because of scandals union pacfic lost a lot of money
granger laws-interstate commerce act
-fighting railroads abuse
-made states set max. railroad rates
munn vs. illionois
-took gragner laws to court
INTERSTATE COMMERCE ACT
-allowed US gov. to regulate prices between states
-can set prices within the state but not if it travels to another state
INERSTATE COMMERSE COMMISION
allowed the us gov. to surpervise railroads
made to carry out law
failed to help farmes because of #s
-making sure railroads were being fair to farmers.
-Tell me about Andrew Carnegie.
might be the monoply guy
scottish imigrant
made his millions by steel- carnegie steel
sold to a banker for 1 billion $
born poor- worked hard and became one of the richest ppl in the world
-Tell me about John D. Rockefeller.
-What was Social Darwinism and how did it apply to business?
-Explain how companies formed monopolies(vertical/horizontal integration, trusts).
-How did the government try to regulate business?
-What are labor unions and what is their purpose?
Were labor unions successful in achieving their goals? Explain/Give examples.
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