Economic Change (1865-1900) Flashcards
0
Q
Railroad necessities
A
A tremendous amount of land, labor, materials, and money
1
Q
Economy in 1860
A
- Factories
- Railroads/Steamboats
- Telegraph
- Many people are still living like it is 1790
2
Q
Which big industries stem from the creation of the railroad in the U.S.?
A
Coal, steel, banking, stock exchange, etc.
3
Q
Examples of mass distribution in the late 1800s
A
- Commodity exchanges
- Department Stores
- Mail Order Catalogs
4
Q
Definition of Advertising
A
The art of persuading people to buy something they don’t really need
5
Q
Reasons for New York City’s boost in population from 1850 to 1900
A
- Increased trade
- Factories are located in cities
- Massive immigration
- Industrial revolutions putting people on the move
6
Q
What types of problems did the growth of industrial cities lead to?
A
- Urban problems
- Sanitation problems
- Gangs and crimes (“Gangs of New York”)
7
Q
Impact of Economic Change
A
- Growth of Industrial cities
- Growth of the suburbs
- Development of public transportation
