Railroad Industry and Its Challenges

The video discusses the acceleration of the Industrial Revolution by the American railroad system. It covers the First and Second Industrial Revolutions, highlighting key causes like natural resources, labor, and railroads. The impact of railroads on the economy, workforce, and business expansion is explored, along with the challenges faced by workers, including poor conditions and strikes. Key figures like Vanderbilt, Gould, and Hill are mentioned, as well as regulatory changes like the Granger Laws and Interstate Commerce Act. The video concludes with a quiz to reinforce learning.

What was a significant change during the First Industrial Revolution?

• The invention of the airplane

• The transition to mechanized manufacturing

• The discovery of electricity

• The development of the internet

Which of the following was NOT a cause of the Second Industrial Revolution?

• Invention of the computer

• Advancements in transportation

• Growth of the labor pool

• Availability of natural resources

How did the Bessemer process impact the railroad industry?

• It made steel production more labor-intensive

• It had no impact on steel production

• It reduced the cost and time to produce steel

• It increased the cost of steel production

What was a common issue faced by railroad workers during the Second Industrial Revolution?

• Excessive vacation time

• Poor working conditions

• Short working hours

• High wages

What was the outcome of the Great Railroad Strike of 1877?

• The strike ended without achieving its goals

• Workers received higher wages

• Railroad companies increased fares

• The government banned all future strikes

What was a significant effect of the Panic of 1873 on the railroad industry?

• Introduction of new safety regulations

• Increase in worker wages

• Expansion of railroads

• Bankruptcy of many railways

Who was known for using conservative methods to expand railways?

• Andrew Carnegie

• Jason “Jay” Gould

• James J. Hill

• Cornelius Vanderbilt

What was the purpose of the Granger Laws?

• To ban the construction of new railroads

• To nationalize the railroad industry

• To make railroad pricing more favorable in remote areas

• To increase railroad fares

What did the Interstate Commerce Act of 1887 require from railroad companies?

• To close down unprofitable routes

• To increase rates annually

• To submit a list of rates to the government

• To provide free rides to government officials

Which of the following was a major player in the railroad industry known for unscrupulous practices?

• William Vanderbilt

• Jason “Jay” Gould

• Andrew Carnegie

• James J. Hill