Unit 6 Flashcards
(5 cards)
1
Q
Why did Pittsburgh become the center of the U.S. steel industry?
A
- Steel industry needed RR’s and Pittsburgh was a center for RR’s
- All resources for steel production were nearby (iron ore, water, etc.)
- Pittsburgh had a large immigrant population to work in the steel mills.
2
Q
What were the Benefits of RR’s for American society?
A
- Improved travel and trade
- Established RR time (time zones)
- Unified the country (travel and communication)
3
Q
vertical integration
A
controlling resources, manufacturing, and distributors (controlling the means of production
4
Q
Horizontal integration
A
merging with other companies; or taking over other companies that make the same products
5
Q
Social Darwinism
A
Success and failure in business is governed by natural law and no one has the right to intervene.