Unit 6 Flashcards

(5 cards)

1
Q

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

A
  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.
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2
Q

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

A
  1. Improved travel and trade
  2. Established RR time (time zones)
  3. Unified the country (travel and communication)
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3
Q

vertical integration

A

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

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4
Q

Horizontal integration

A

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

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5
Q

Social Darwinism

A

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

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