100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Amsco APUSH Chapter 16 Questions and Answers 100% Correct $11.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Amsco APUSH
  4.  
  5. Amsco APUSH

Exam (elaborations)

Amsco APUSH Chapter 16 Questions and Answers 100% Correct
 10 views  0 purchase
  • Course
  • Amsco APUSH
  • Institution
  • Amsco APUSH

Amsco APUSH Chapter 16 Questions and Answers 100% CorrectAmsco APUSH Chapter 16 Questions and Answers 100% CorrectAmsco APUSH Chapter 16 Questions and Answers 100% CorrectAmsco APUSH Chapter 16 Questions and Answers 100% Correct nation's first big buisness - ANSWER - Railroads Cornelius Vanderb...

[Show more]

Preview 2 out of 9  pages

Document information

  • August 28, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • amsco apush chapter 16 questions and answers 100
  • amsco apush chapter 16 questions and answers
  • nations first big buisness answer railroads

Written for

  • Amsco APUSH
  • Amsco APUSH

Seller

avatar-seller
NursingTutor1

Reviews received

Content preview

Amsco APUSH Chapter 16 Questions
and Answers 100% Correct
nation's first big buisness - ANSWER - Railroads


Cornelius Vanderbilt - ANSWER - used his $$$ from steamboat business to merge local
railroads into the New York Central Railroad (1867) 4,500 miles of track


Eastern trunk lines - ANSWER - A trunk line was the major route between cities; w/ smaller
branches reaching w/ outlying towns (result of diff. gauges pre-civil war)
-Vanderbilt capitalized on connecting these


transcontinental railroads - ANSWER - Railroads connecting the west and east coasts of the
continental US


Union and Central Pacific - ANSWER - -Union Pacific (UP) Omaha Nebraska → Great Plains
-Central Pacific (Cali→East) Led by Charles Crocker
6,000 Chinese immigrants (UNSAFE+DANGEROUS)


American Railroad Association - ANSWER - created "standard time" for timezones


Railroads and Timezones - ANSWER - They needed to run on a consistent schedule so in 1884
four time zones were created (i.e Standard time by American Railroad Association)


Speculation and overbuilding - ANSWER - caused the Financial Panic of 1893


Jay Gould, watering stock - ANSWER - entered RR business for quick profits (made millions) by
,inflating the value of a company's assets + profits before selling its stock to the public


rebates and pools - ANSWER - RR companies would discount shipping for favored large
companies and then charge large amounts to small farmers

, Competing companies secretly agree to fix rates on goods and share traffic


bankcrupcy of railroads - ANSWER - Panic of 1893
J.P. Morgan and other bankers capitalized on this


Panic of 1893 - ANSWER - forced ¼ of RR's to go bankrupt
J.P Morgan + other bankers took of these RR's
By 1900, 7 GIANT systems controlled 2/3's of national RR's
MADE SYSTEM MORE EFFICIENT
RR Monopolies!!!


causes of industrial growth - ANSWER - -Treasure-House of raw materials (coal, iron ore,
copper, lead, timber, + oil)
-Abundant supply of labor (immigrants)
-↑ population + advanced transportation = US largest market IN WORLD for industrial goods
-Capital=plentiful (MANY investors; US and European)
-↑ Labor saving technology (444,000 patents from 1860-1890)
-Business friendly gov. policies, loans, grants,+ protective tariffs
Talented entrepreneurs= build vast empires


Andrew Carnegie - ANSWER - -steel monopoly had vertical integration


verticle integration - ANSWER - practice in which a single manufacturer controls all of the steps
used to change a raw material into a finished product
"Andrew Carnegie"


U.S. Steel - ANSWER - - Carngegie sells company for > $400 million to J.P. Morgan's company
United States Steel
-1st billion dollar company

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

Esthetics Oregon Law Exam Questions And Answers

$11.99
  • (0)
  Add to cart