Ch.24-1/2

During the Gilded Age, most of the railroad barons

• Rejected government assistance
• Built their railroads with government assistance
• Relied exclusively on Chinese labor
• Refused to get involved in politics

The national government helped to finance transcontinental railroad construction in the late nineteenth century by providing railroad corporations with

• Cash grants from new taxes
• Land grants
• Cash grants from higher tariffs
• Reduced prices for iron and steel

James J. Hill

• Central Pacific
• New York Central
• Atchison, Topeka and Santa Fe
• Great Northern

Cornelius Vanderbilt

• Central Pacific
• New York Central
• Atchison, Topeka and Santa Fe
• Great Northern

Leland Stanford

• Central Pacific
• New York Central
• Atchison, Topeka and Santa Fe
• Great Northern

The greatest single factor helping to spur the amazing industrialization of the post-Civil War years was

• Electric power
• The railroad network
• Mining
• Agriculture

Efforts to regulate the monopolizing practices of railroad corporations first came in the form of action by

• Congress
• State Legislatures
• Private lawsuits
• President Cleveland

The first federal regulatory agency designed to protect the public interest from business combinations was the

• Federal Trade Commission
• Interstate Commerce Commission
• Consumer Affairs Commission
• Federal Communications Commission

One of the most significant aspects of the Interstate Commerce Act was that it

• Revolutionized the business system
• Represented the first large-scale attempt by the federal government to regulate business
• Actually did nothing to control the abuses of big business
• Invoked the Constitution’s interstate commerce clause

One of the methods by which post-Civil War business leaders increased their profits was

• Increased competition
• Elimination of as much competition as possible
• Funding research on new techniques
• Elimination of the tactic of vertical integration