Big Business, Labor Unions, and Innovation Post-Reconstruction

After the Civil War which industry affected the economy like know other?

• Shipping

• Railroad

• Timber

• Oil

T/F Railroad tracks in the U.S. increased by more than 150,000 miles between the years of 1865 and 1900.

• True

• False

How did the railroad spur the creation of a national market?

• By allowing people to move more freely around the country

• By creating geographic connections

• By allowing quicker movement of military troops

• By spurring the creation of new industries

T/F: Due to the railroads, corporations began to decrease in size but continued to make enormous profits.

• True

• False

How did the railroad help build the steel industry in the U.S.?

• Steel was easily transported from oversees countries throughout the U.S.

• A large amount of steel was required to build the railroads.

• Steel became cheaper as railroads were built.

• The owners of the railroads bought the steel manufacturers.

T/F Large American steel corporations began to produce more steel than any other company in the world.

• True

• False

T/F The railroads had no affect on how easily oil was transported to the market.

• True

• False

T/F Monopolies are helpful to small businesses and consumers.

• True

• False

What was one benefit of inventions that involved the electric current?

What was the first nationwide information transmitter?