1. ) How have our viewpoints on the Industrial Rev. changed relative to the viewpoints during the Reva. ) European immigrants were plentiful and provided cheap labor, we were booming in comparison to Europe but we also had more people than them therefore the product per capita was down.
b. ) Used to think good to have huge market but instead of having to travel 00 miles, had to travel 1000 miles, etc. 2. ) Explain what “railroad through” meant. a. ) The people were excited about the railroads, nothing could stop them from being built.
Railroad must be built for the benefit of the economy. 3. ) What concept did this foreshadow a. ) National unity, supported railroad in politics, literature was even written towards it “Locomotive God” by William Ellery Leonard. 4. ) What showed that our rail systems were supreme to Europe’s.
a. ) 200, 000 miles, more that Eur/Russ combined; “Bullgine” huge, any foreign engine was tiny 5. ) Name 5 Trans. Cont. Railways a. ) Union Pac/Central Pac, South Pac, Santa Fe, North pac, The great Northern 6.
) What happened to the 2/3’s of the railroads collectively by 1906 a. ) 7 main railways, by consolidation, displayed national unity 7. ) What other National Services were improved by the railroadsa. ) Telegraph, telephone, urban commerce 8. ) What was the new managerial system brought to the American economy by the railroadsa. ) Hierarchical Bureaucracy 9.
) What was its structure and how did it operate a. ) owner hired most qualified as managers, they operated the systems. 10. ) How did it affect the economy the na. ) Railroads Co. were making better decisions therefore improving production; caused railroads to modernize their tech.
The Term Paper on Socialist Economy Capitalism System Economic
Economic systems today exist in a multitude of different shapes, colours and sizes. They all, however, have an indisputable presence of homogeneity in their central objectives. As Henry Simons states in his Economic Policy for a Free Society, "There is in America no important disagreement as to the proper objectives of economic policy - larger real income, greater regularity of production and ...
And services (steel rails, safety precautions, 4 time zones) 11. ) What events lead up to the supreme court case of Munn vs. Illini os How did the view of competition change during these events. a.
) Competition, managers went to competitive wars, offering fantastic “rebates” and secret rate to secure the traffic of big shippers. Overcharged where they had no comp. 12. ) What did the Supreme courts determine in the cases of Munn vs. Illinois determine and St Louis & Pacific Railway Co.
vs. Illinois. a. ) Munn-when private property is affected with public interest it must submit to be controlled by the public for the common good and that in the absence of federal policy, states could lay down regulations.
b. ) Louis-reversed decisions, held and illinois statute invalid on the ground that it was the exclusive power of congress to regulate interstate commerce. (any regulatory action taken by gov. ) 13. ) What law or act did congress the pass after the court cases And what did it determine.
) forbade railroads to engage in discriminatory practices; required them to publish their rate schedules; prohibited them from entering pooling agreements for the purpose of maintaining high rates; and said rates should be “reasonable and just”13. ) Was this act successful Y or y not and what other documents does this resemble in its affectiveness. a. ) somewhat, difficult to interpret, regulate, and enforce. Articles of Confe d. 14.
) What banker took a big part in saving the railroads from bankruptcy and how did he do this. ) J Pierpont Morgan, fixed debt of railroads, charged high fees, assessed holders of the old stock for working funds, and next issued lavish amounts of new stock (heavily watered) 15. ) How was the railroad expansion an ordeal of industrialization a. ) ordeal: A difficult or painful experience, especially one that severely tests character or endurance.
The Term Paper on Due Process Revolution Court Case Amendment
The great promise of America that has made a British colony in the 50 States today is Freedom. Many Freedoms which still today cause people to flock to the United States. The history of these freedoms starts centuries ago and has developed, revolutionized, and persisted all the way through today. At the core of these Freedoms is the idea of Due Process, the idea that everyone has rights and ...
