SSUSH11

Front

How did the growth of the railroad industry lead to the growth of stock markets in the United States?

Back

The railroad industry led to the expansion of other industries such as steel and coal. These industries required large capital investments that could best be obtained through the stock market.

Front

What led to the rapid growth of the railroad industry in the United States in the second half of the nineteenth century?

Back

the development of the Bessemer steel-making process

Front

Contribution of railroads to the economic development of the United States?

Back

Enabled trade to most parts of the country

Front

What development during the Industrial Revolution helped people migrating west open and operate successful businesses?

Back

The development of railroads and canals, which could be used to ship products to Northern and Southern states, and to ship important farm.

Front

How did John D. Rockefeller and the Standard Oil Company achieve financial success?

Back

Controlling all aspects of production, from the acquisition of raw materials to the sale of finished products.

Front

Which Scottish immigrant became a billionaire during the Second Industrial Revolution by introducing the Bessemer process to mass-produce steel and vertically integrating the steel industry?

Back

Andrew Carnegie

Front

In the late nineteenth century, corporate mergers and the creation of holding trusts and companies led to which of the following?

Back

the development of monopolies

Front

By entering into trust agreements, what did Standard Oil accomplish by the 1880s?

Back

The company managed to gain control of all but ten percent of the oil refining business.

Front

How did the invention of the railroad MOST LIKELY lead to a boom in cattle ranching?

Back

It became cheaper to transport cows nationwide, so meat was more affordable and demand increased.

Front

What industry was hurt the most by the spread of electricity and electric lighting?

Back

the natural gas industry