Iron horse: locomotive Central Pacific: RR between California and Utah Union Pacific: premiere RR franchise Interstate Commerce Act: In 1887‚ Congress passed the Interstate Commerce Act which created the Interstate Commerce Commission‚ the first true federal regulatory agency. It was designed to address the issues of railroad abuse and discrimination and required the following: * Shipping rates had to be "reasonable and just" * Rates had to be published * Secret rebates were outlawed
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Jessica M. Hintermeister American History Louisa Garry Due: Thursday‚ March 15‚ 2001 The Rockefellers feared the temptations of wealth‚ yet a visitor once described their estate as the kind of place God would have built if only he’d had the money. They amassed a fortune that outraged a Democratic nation‚ then gave it all away reshaping America. They were the closest thing the country had to a royal family‚ but the Rockefellers shunned the public eye. For decades‚ the Rockefeller name
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Charitable Captain of Industry During the time period after the Civil War and nearing the twentieth century‚ America’s economy was in prime position to be molded – all America needed was someone to come along to mold it. Businesspersons like Cornelius Vanderbilt and entrepreneurs like John D. Rockefeller were prime examples of exactly whom America needed to take charge of the economy at this time; however‚ there was one man who was not only a self-made steel tycoon and one of the wealthiest 19th century
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industrialization period (1820-1870). The four businessmen‚ three of which were corrupt‚ who developed industrial America were littered with corruption and ruthless business tactics. Morgan was far more reputable in comparison to Andrew Carnegie‚ Cornelius Vanderbilt‚ and John D. Rockefeller. He was not only a brilliant businessman‚ but he used his capital for the bettering of the country as a whole. John Pierpont Morgan used his intellect and fortitude to navigate through the modernizing period of America
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Vanderbilt sold his holding in the East and invested heavily in railroads. While credited with merging smaller competing railroad companies and making them more efficient‚ the expansion of the railroad West left a stain on the name. The railroad expansion
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Reconstruction. Unlike the Civil war‚ the rise of big businesses took place without violent political transformation because the past historical events already established all the political conditions for a peaceful economic change. Wealthy people like Cornelius Vanderbilt and Andrew Carnegie had great influence and control over the post-Civil War economy and business in the United States. Although some of these large corporations led to the decrease in food and fuel‚ there were many small business owners and
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The Devil in the White City attempts to contrast the glorious achievements of Burnham and Root transforming windswept swampland on the shores of Lake Michigan with the despicable activities of one of America’s most vile serial killers. Both entities constructed edifices to exacting specifications: A fair to delight the public and establish Chicago as a world class city and a "murder palace" to satisfy murderous desires. The book shows the loss of America’s innocence in both a good and bad w
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TYPES OF SOCIETIES Sociologist Gerhard Lenski (1924–) defined societies in terms of their technological sophistication. As a society advances‚ so does its use of technology. Societies with rudimentary technology depend on the fluctuations of their environment‚ while industrialized societies have more control over the impact of their surroundings and thus develop different cultural features. This distinction is so important that sociologists generally classify societies along a spectrum of their
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Industrialization connected the east to the west through the use of railroad development‚ drastically improving infrastructure and reducing travel time. Railroad tycoons like Cornelius Vanderbilt were able to control fare prices on their trains. This greatly impacted farmers in the west that relied on the railroads to transport their crop to the densely populated east. In an attempt to help western farmers‚ President Abraham Lincoln
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In the time period during the Gilded Age‚ late 18th century to early 19th century‚ America’s industrial economy exploded‚ creating pioneering opportunities for individuals to erect substantial wealth. Industrial giants like Andrew Carnegie‚ Cornelius Vanderbilt‚ J.P. Morgan‚ and John D. Rockefeller transformed business and launched in the modern corporate economy‚ but also‚ at times‚ eliminated free-market economic competition through the use of monopolies. Overall national wealth increased significantly
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