Chapter 24 Quiz Flashcards

1
Q

The wealthy class is becoming more wealthy; but the poorer class is becoming more dependent. The gulf between the employed and the employer is growing wider; social contrasts are becoming sharper; as liveried carriages appear; so do barefooted children

A

Henry George

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2
Q

Transcontinental railroad building was so _______ and _____

A

costly, risky

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3
Q

What did the construction of railway systems promise?

A

Greater national unity and economic growth

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4
Q

What did congress do after being impressed by pleads military and postal needs?

A

Advanced liberal loans to two cross-continent companies

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5
Q

What did grasping railroads also acquire?

A

More land

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6
Q

What did land grants to railroads made in broad belts along the proposed route lead to?

A

The railroads were allowed to choose alternate mile-square sections

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7
Q

Railroads withheld all the land until..

A

they determined the precise location of their track & decided which sections were the best

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8
Q

Who put an end to railroad companies retaining the land?

A

Grover Cleveland and let others to claim land that wasn’t taken

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9
Q

Why was granting land a cheap way to fund a desired transportation system>

A

It avoided new taxes fr direct cash grants

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10
Q

What happened to villages that had railroads?

A

They would becoming flourishing cities

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11
Q

What happened to villages that didn’t have railroads?

A

They would wither away and become “Ghost towns”

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12
Q

How was the hiatus of the proposed transcontinental railroad broken?

A

When the South broke away

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13
Q

What was the urgency for bolstering the Union?

A

By binding the pacific Coast to the rest of the republic

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14
Q

What was the Union’s name that was commissioned to go westward from Nebraska?

A

The Union Pacific Railroad

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15
Q

What was the pace of construction gangs of Irish paddies?

A

Fast

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16
Q

What would laborers do when Natives would attack to protect their lands?

A

They would drop their picks and seize their rifles

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17
Q

Where would railroad workers try to relax for Nebraska westward expansion?

A

They would relax in tenant towns known as “hells on wheels” along with prostitutes and performers

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18
Q

How did Chinese workers benefit the unions?

A

They were cheap, efficient, and dispensable

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19
Q

How did thousands of Chinese workers lose their lives?

A

In premature explosions

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20
Q

Who didn’t receive any land grants?

A

The Great Northern

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21
Q

What would pioneer builders do?

A

They would lay down railroads that would led to nothing

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22
Q

Who was the genius that switched from steamboating to railroading?

A

Cornelius Vanderbilt

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23
Q

How was Vanderbilt successful in the railroad industry?

A

He offered the service at low rates, popularized steel rail, & efficiency/safety

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24
Q

How was steel better than iron?

A

It was safer and economical since it would carry more

25
How did railroads help economic growth?
Trains hauled materials to factories and farmers carried fruits to market
26
Where did Railroad companies try to find immigrants to work for them?
Europe
27
Where did most European settlers go to?
Iowa, Illinois, Kansas and Nebraska
28
How did railroad operators deal with local times?
They divided the country up into four time zones to stop worrying about schedules and wrecks
29
What does the "stock watering" mean in railroad terms?
Promoters inflated their claims about a lines assets, profitability, sold stocks, and bonds
30
What were railroad managers forced to do?
They were forced to charge rates and wage competitive battles to pay off financial obligations
31
How did railroaders buy and sell people in life?
They bribed judges, employed lobbyists, gave free passes to journalists and politicians
32
What was the "pool" for alliances between railroaders?
To divide the business and share profits
33
How did the depression of the 1870s affect the farmers?
The farmers protested and became against being "railroaded" into bankruptcy
34
What was the Wabash, St. Louis & pacific Railroad Company v. Illinois case?
Declared that individual states had no power to regulate interstate trade
35
What was the Interstate Commerce Act?
It prohibited refunds, pools and required the railroads to push their rates to the public
36
How did the Commerce Act set up the Interstate Commerce Commission?
It made them administer and enforce the new legislation
37
Where were investors from abroad that loaned money to the United States from?
Britain, France, Germany, the Netherlands, and Switzerland
38
What was steel largely built on?
The sweat of low priced immigrant labor from east and south Europe working 12 hours every week
39
What was Thomas Edison known for?
He was known for perfecting the electric lightbulb
40
Who invented the telephone?
Alexander Graham
41
Who were the business leaders at that time?
Andrew Carnegie, John D, Rockefeller & J. Pierpont Morgan
42
Where did miners mainly mine?
Mesabi Range
43
Where did Carnegie ships float ores towards?
Great Lakes
44
Where did railroads delivered to the blast furnaces ores at?
Pittsburgh
45
What is vertical integration?
Combining into one organization all phases of manufacturing from mining to marketing
46
What was Carnegie's goal?
To improve efficiency by making supplies, controlling the quality, and eliminating middlemen's fees
47
What was horizontal integration?
Allying with competitors to monopolize a given market
48
How Carnegie control rivals?
Trust
49
What was the standard oil company?
Stockholders in various smaller oil companies assigned their stock to this
50
What was Rockefeller's unwritten motto?
Let us pray
51
What was interlocking directorates?
Consolidate rival enterprises to ensure future harmony by placing officer of his own on various boards of directors
52
What did William Kelly discover?
He discovered that cold air blown on a red-hot iron caused the metal to become white hot by igniting carbon which eliminated impurities
53
How did J. Pierpont Morgan make a legendary reputation for himself?
By financing the reorganization of railroads, insurance companies, and banks
54
What did Carnegie dedicate the last years of his life to?
Giving money to libraries, pensions for professors, and others
55
How did Morgan move rapidly once Carnegie passed away?
He took his buildings and his company was the first to be a billionaire
55
How did Morgan move rapidly once Carnegie passed away?
He took his buildings and his company was the first to be a billionaire
56
What was the first major product of the infant oil industry?
Kerosene
57
How did the oil industry turn around after the electric lightbulb?
Gasoline was now in steam and electricity