Ch. 6.2:
-What impact did railroads have on the US?
they made it faster and easier to get places
-Why were many people upset with the railroads?
scandals that came about, people statred losing trust in railroads
-What did the Grangers or government do to regulate the railroads?
the farmers all had different prices for different people so they wanted a set price for everyone, took it to court, set price, Granger laws allowed states to set maximum railroad rates, Munn v Illionois uphold the granger laws, interstate commerce act allowed federal govt to regulate railroad rates between states, Interstate commerce comision 5 people went around the country making sure railroads were being fair to people
George Pullman made sleeper cars suitable for living and much more comfortable. Didnt sell, leased.
Crdit Moilier- construction company that made railroads, charged way more money than what it was worth, got 72 million only worth 53 million, vice president involved in scandal
Oliver Hudson Kelly- founded Grange Patrons of Husbandry, farm failed because of prices, found out other farms did as well, had meetings and took it to court
Ch. 6.3:
-Tell me about Andrew Carnegie.
scotish immigrant, steel industry, Carnegie steel, sold company for 1 billion dollars, bborn poor worked hard eventually became one of the richest 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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