How a Changing Economy can impact the rest of the Country The economy has helped people in America throughout different periods of time. Immigration had a decent impact on American life. The immigrants came to America for a better life rather than being in their own country where there was probably a crisis going on or maybe even a war. Sometimes this meant taking hundreds of our American jobs. The Progressive era also had an effect on our country’s economy. The changing economy has helped our country’s
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Indiana‚ Ohio)‚ or D (Nor. Carolina‚ So. Carolina‚ Georgia)? Group D‚ (Georgia‚ Nor. Carolina‚ So. Carolina). 8. The railroad building boom during the 19th century contributed to? It contributed to the coal and oil industry‚ helped Rockefeller and Carnegie
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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‚ but many
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Princeton University Press‚ 1957. Kaplan‚ Edward S. The Bank of the United States and the American Economy. West Port‚ CT: Greenwood Press‚ 1999. Markham‚ Jerry. A Financial History of the United States Volume 1 From Christopher Columbus to the Robber Barons (1492-1900). Armonk‚ NY: M.E. Sharp Inc.‚ 2004. Thomas Jefferson‚ Opinion on the Constitutionality of a National Bank‚ February 15‚ 1791 Samuelson‚ Paul and Krooss‚ Herman‚ Documentary History of Banking and Currency in the United States (Boston
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Unit 2 Study Guide Industrialization/Immigration 1. Importance of Steel 2. John D. Rockefeller 3. Andrew Carnegie 4. Mass production 5. Thomas Edison 6. Monopolies 7. Horizontal/vertical integration 8. Entrepreneur 9. Corporation 10. American Federation of Labor 11. Haymarket Riot 12. Pullman Strike 13. International Commerce Commission (ICC) 14. Steerage 15. Sweatshop 16. Sherman Anti-Trust Act 17. Karl
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Thirteenth Amendment * The Thirteenth Amendment to the United States Constitution outlaws slavery and involuntary servitude‚ except as punishment for a crime. It was passed by the Senate on April 8‚ 1864‚ by the House on January 31‚ 1865‚ and adopted on December 6‚ 1865. On December 18‚ Secretary of State William H. Seward proclaimed it to have been adopted. It was the first of the three Reconstruction Amendments adopted after the American Civil War. Fourteenth Amendment * adopted on July
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Vocabulary Lesson 1 1. gauge- width of a train track 2. network- system of connected railroad lines 3. consolidate- combine 4. rebate- discount 5. pool- system in which several railroad companies agreed to divide up the buisness in an area Lesson 2 1. Bessemer process- method developed in the 1850s to produce strongersteel at a lower cost. 2. vertical integration- practice in which a single manufacturer controls all of the steps used to change raw materials into finished products. 3
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more focussed on helping big industrial businessmen and no longer need to worry about taming the West. The economy itself changed greatly in the post Civil War era. The Industrial Revolution led to a new kind of big business. Now men like Carnegie‚ Rockefeller‚ and Vanderbilt had huge monopolies and trusts‚ making it nearly impossible for the common man to get ahead. Many government officials were bribed to make policies favorable to big business. Also‚ the power of the Presidents was a joke at
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involved; starting points Chapter 16 1. Andrew Carnegie – “Gospel of Wealth”; business tactics; philanthropy; 2. American manufacturers before the Civil War 3. First big business in the U.S. 4. Women and children of the workforce – conditions‚ treatment‚ salary 5. American Federation of Labor – leader 6. Railroads up to 1900s – locations 7. Knights of Labor – differences from other labor unions 8. John D. Rockefeller – major industry; business model he invented
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* What are profits? diff. b/w rev.& expenses * Factors of Production The resources that a country’s businesses use to produce goods are called * A planned economy relies on a centralized government to Control all or most factors of production * Communism and Socialism—2 most basic forms of planned economies are * Capitalism—economic system provides for the private ownership of the factors of production and also encourages entrepreneurship by offering profits as an incentive
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