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Unit 6 Notes 1
1. “He is no doubt the greatest inventor of all time. Why, without his creative genius, we would have no recording of sounds, no televisions, no movies… Even more than that, we’d still be reading books by candle light and saying our good nights by 8 pm”
Who is the above quote talking about? A. Andrew Carnegie B. Thaddeus Stevens C. Thomas Edison D. John D. Rockefeller
2. Railroad workers laid some 150,000 miles of railroad track following the Civil War. The track linked cities and small towns across America. What was one effect of the growth of railroads in the United States?
A. Greater use of the Oregon Trail B. Reduced employment in industry C. Increased migration west of the
Mississippi River D. A decrease in the amount of farm
goods sent to market
Railroads were the beginning of the Industrialization of America!
Pacific Railway Act: Allowed Central Pacific and Union Pacific to create a transcontinental railroad
Created in 1862 by Congress Track ran from Missouri River to Pacific
Ocean Railroads Connect Coasts To build railroads, companies hired
Chinese immigrants.
Chinese Immigration: About 15,000 Chinese immigrants
worked for the railroad companies Once the railroad was completed there
were no jobs for the Chinese and they could not become American Citizens
The Chinese Exclusion Act stopped Chinese immigration from 1882 until 1943.
Two men, Jay Gould and Cornelius Vanderbilt, bought smaller railroad companies and became very wealthy business men!
With new easy travel 3 main things happened:
People moved out west (manifest destiny)
Cattle and farm products were sold around country
Interstate Commerce Act was passed to control shipping rates!
Robber Barons: A group of wealthy business men that owned corporations and sought to eliminate their competitors.
Robber Barons usually ran a business known as a Corporation.
They would eliminate competition, buy other companies, and eventually created trusts!
Big_Business__Rockefeller__Carnegie
ROBBER BARON COMPANY
Andrew Carnegie Carnegie Steel Company
Controlled all of the steel industry
Steel was increasingly important because of the growth of railroads
John D. Rockefeller
Standard Oil Company
Eventually created a monopoly because he
owned virtually all oil production
The United States government did not like monopolies so they passed the Sherman Anti-trust Act in order to limit the growth of monopolies.