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Flashcards in Unit 6 Deck (5)
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1

Why did Pittsburgh become the center of the U.S. steel industry?

1. Steel industry needed RR's and Pittsburgh was a center for RR's

2. All resources for steel production were nearby (iron ore, water, etc.)

3. Pittsburgh had a large immigrant population to work in the steel mills.

2

What were the Benefits of RR's for American society?

1. Improved travel and trade

2. Established RR time (time zones)

3. Unified the country (travel and communication)

3

vertical integration

controlling resources, manufacturing, and distributors (controlling the means of production

4

Horizontal integration

merging with other companies; or taking over other companies that make the same products

5

Social Darwinism

Success and failure in business is governed by natural law and no one has the right to intervene.