Transcontinental Railroad and Economic Systems Flashcard

Front

Which century did the construction of the Transcontinental Railroad occur?

Back

19th century

Front

What is a common characteristic of monopolies?

Back

High barriers to entry

Front

How does mass production affect the price of goods?

Back

Decreases the price

Front

What is a Trade Union?

Back

An organization of workers demanding better conditions

Front

What type of jobs do workers in a Trade Union typically have?

Back

Similar jobs in the same industry

Front

What is a common demand of workers in a Trade Union?

Back

Better working conditions

Front

What was life like before the railroad system?

Back

Hard and dangerous

Front

What was a danger during the construction of the railroad?

Back

Dangerous work conditions

Front

What was a major benefit of the Transcontinental Railroad?

Back

Faster travel

Front

What was one of the benefits of the Transcontinental Railroad system?

Back

It made travel luxurious and easy.