Tuesday, March 26, 2013

Apus Study Guide

Cameron Trimpey-Warhaftig

Business, Industry, and Labor

1. Factors promoting Am Industrialization Natural resources for raw goods (coal, smoothing iron ore, copper, lead, timber, and oil), Labor supply due to loads of immigrants cheap labor, detonator for investing in Am business, Technological advances (2nd industrial revolution), Pro-Business govt policies Protective tariffs, little regulation of business, low taxes on profits, RR system, apology of private property
2. Characteristics of Am business 1840-1920
3. Americas source big business Railroads
4. Railroad time At the popular Time Convention, RRs agreed to the 5 time zones that lasted for 35 years
5. naiant and Vertical Integration Horizontal: Buying out solely of the competitors of the same industry, Vertical: Buying all stages of the industrial harvest-festival from start to finish
6. US Steel Andrew Carnegie sold Carnegie Steel in 1900 to a new poise corporation headed by JP Morgan US Steel. First billion dollar company, rangyst company in the world, possess oer 3/5 of the nations steel industry
7.

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Federal Government Aid to RRs Federal govt provided RR companies with grand loans and land grants (170+ acres of land), helped build a transcontinental RR during gracious War (Union Pacific + Central Pacific = Promontory Point), 4 other transcontinental RRs built. Panic of 1893 JP Morgan consolidated smaller RRs into large companies, essentially eliminated competition in RR industry
8. Andrew Carnegie and his Theories of Wealth Wealth analyze arguing the wealth had a god given accountability to care out charity to benefit society, put over $350M into support for libraries, universities, and other public institutions
9. Haymarket Incident Knights of Labor participated in a Chicago strike to achieve an 8 hr workday. Police attempted to break up meeting, someone threw joker that killed 7 police officers. 8 anarchists were sentenced to death. Led Ams to...If you want to start up a full essay, order it on our website: Ordercustompaper.com



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