Question

unit guide the gilded age

1. what three factors helped the united states become the worlds leading industrial power by the 1920s?
2. what process was used to remove carbon from molten iron which produces steel?
3. in what city was the first steel frame skyscraper built?
4. who invented the incandescent light bulb and a system of reliably delivering electricity?
5. what was alexander graham bells contribution to mankind in the 1870s?
6. what immigrant group was primarily responsible for the construction of the central pacific railroad line?
7. what caused the creation of standard time zones in the usa (eastern, central, mountain and pacific)?
8. the credit mobilier scandal involved the corrupt construction of what?
9. the interstate commerce commission was created in 1887 in order to regulate:
10. as a result of the panic of 1893, how many americans lost their jobs by 1895?
11. who are andrew carnegie and john rockefeller?
12. what is the difference between vertical and horizontal integration?
13. define laissez faire:
14. define monopoly:

Explanation:

1. Abundant natural resources, a large - growing workforce, and technological innovation helped the US become a leading industrial power.
2. The Bessemer process was used to remove carbon from molten iron to produce steel.
3. The first steel - frame skyscraper was built in Chicago.
4. Thomas Edison invented the incandescent light bulb and a system of reliably delivering electricity.
5. Alexander Graham Bell invented the telephone in the 1870s.
6. Chinese immigrants were primarily responsible for the construction of the Central Pacific Railroad line.
7. The expansion of the railroad network caused the creation of standard time zones in the USA.
8. The Credit Mobilier scandal involved the corrupt construction of the Union Pacific Railroad.
9. The Interstate Commerce Commission was created in 1887 to regulate railroad rates and practices.
10. Approximately 1.5 million Americans lost their jobs by 1895 as a result of the Panic of 1893.
11. Andrew Carnegie was a steel - industry tycoon and John Rockefeller was an oil - industry magnate.
12. Vertical integration involves controlling different stages of the production process, while horizontal integration involves combining firms in the same industry.
13. Laissez - faire is an economic philosophy that advocates minimal government intervention in the economy.
14. A monopoly is a market structure in which a single firm controls an entire industry.

Answer:

1. Abundant natural resources, large - growing workforce, technological innovation
2. Bessemer process
3. Chicago
4. Thomas Edison
5. Invention of the telephone
6. Chinese immigrants
7. Expansion of the railroad network
8. Union Pacific Railroad
9. Railroad rates and practices
10. Approximately 1.5 million
11. Andrew Carnegie: steel - industry tycoon; John Rockefeller: oil - industry magnate
12. Vertical integration: control different production stages; Horizontal integration: combine firms in the same industry
13. Economic philosophy advocating minimal government intervention in the economy
14. A single firm controls an entire industry