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Period 6: 1865 - 1898 Chapter 16: The Rise of Industrial America, 1865-1900 [319 - 332] Due Date: Mon. Jan. 22 -1900: US leading industrial power in the world -Had raw materials essential to industrialization - coal, iron, ore, copper, lead, timber and oil -Abundant labor supply including immigrants -Growing population and advanced transportation network made US largest market -Capital abundant -Patent system and technology increased productivity -Businesses benefited from gov policies (protected private property, subsidized RR, protective tariffs, limited taxes on corporations) -Entrepreneurs built and managed huge industrial and commercial businesses The Business of Railroads (1830-1860) - Created national market for goods and encouraged mass production, consumption, and economic specialization -Resources in RR building promoted growth of coal and steel industries -RR time became standard time for all Americans -Creating of stockholder corporation and development of complex structures in finance, business management, and regulation of competition -Eastern Trunk Lines -Inefficiencies of railroads reduced after the Civil War by consolidating competing railroads in to integrated trunk lines -Trunk lines connected eastern seaports with Chicago and other midwest cities and set standards for excellence and efficiency for industry -Western Railroads -Promoted settlement on Great Plains and linked West with the East to create national market -Federal Land Grants -Federal gov provided RR Co.s with huge subsidies (loans and land grants) -Gov gave 80 RR Co.s more than 170 million acres -RR might increase the value of gov lands and provide good rates for transporting troops and mail -Negative consequences -Land grants and cash loans led to poor construction of RR and led to corruption in gov -Crédit Movilier -Insiders used construction Co.s to bribe gov officials for profit -RR controlled 1/2 land in some western states -Transcontinental Railroads -During Civil War congress authorized land grants and loans for first transcontinental RR to tie CA to rest of Union -Union Pacific (UP) started from Omaha, NE and built westward -Employed thousands of war veterans and Irish immigrants under General Grenville Dodge -Central Pacific started from Sacramento, CA and built eastward -Led by Charles Crocker -Workers (incl. 6,000 Chinese immigrants) laid track and blasted tunnels through the Sierra Nevada mountains -RR joined May 10, 1869 at Promontory Point, Utah Which of the following groups during the period from 1865 to 1895 most actively campaigned to increase the money supply?Which of the following groups during the period from 1865 to 1895 most actively campaigned to increase the money supply? Farmers and debtors.
Which group would be most likely to oppose government intervention?Conservatives tend to oppose government intervention in order to promote social and economic equality, arguing that the free market will reward individuals according to their talent and hard work.
Which of the following best demonstrates a change or condition that reflected gradys hopes for the South?Which of the following best demonstrates a change or condition that reflected Grady's hopes for the South? Railroads, textile mills, and steel factories developed. Grady's comments best express the viewpoint of which group of people?
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Which of the following most likely explains the significant reduction of immigration during the 1870s and 1890s to the United States?
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