Rise of Industry/Progressive Era/Immigration

A major problem with the railroads after the Civil War was _____________.

• There were not any issues

• All the track gauges were the same size

• Iron was used which rusted

• Steel was used and they needed to switch to iron

How did the Railroad industry help the economy?

• Created new jobs

• Created New Industries

• Allowed companies to ship goods faster

• All of the Above

Capital of the Steel Industry

• Newark, NJ

• Harrisburg, PA

• Washington, DC

• Pittsburgh, PA

Designed a new way to make steel at lower costs and more efficient

• Henry Ford

• Henry Bessemer

• George Westinghouse

• George Pullman

Vertical Integration is when a company _____________.

• Eliminates a company from the top down

• Controls all the aspects of the manufacturing process

• Promotes people from within the company

• Integrates new technology into the steel industry

Money needed for an investment

• Dividends

• Capital

• Corporation

• Monopoly

Corporation

• Business owned by groups of farmers

• Small local businesses

• Large businesses owned by investors

• Shares of the profit for stockholders

Eliminated the competition and built the Standard Oil Company.

• Cornelius Vanderbilt

• George Westinghouse

• JD Rockefeller

• Andrew Carnegie

Monopoly

• Group of corporations run by a single board

• Controls all of the business of an industry

• Businesses controlled by small groups

Why did immigrants often live in neighborhoods with others from their homelands?

• It was illegal to live anywhere else
• They didn't want to be in the US
• It made their adjustment to their new life easier
• No other housing was avaliable