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APUSH Chapter 24 Test Questions

Terms in this set (46)

When private railroad promoters asked the US gov. for subsides to build their railroads, they gave all of the following reasons for their request except that it was
the railroads would repay the subsides by paying higher taxes.
During the Gilded Age, most of the railroads barons
built their railroads with gov. assistance.
The national gov. helped to finance transcontinental railroad construction in the last nineteenth century by providing railroad corporations with
land grants.
The kinky transcontinental railroad built without gov. aid was the
Great Northern.
One by-product of the development of the railroad was
the movement of people to cities.
The greatest single factor helping to spur the the amazing industrialization of the post-Civil War years was
the railroad network.
The US changed to standard time zones when
the major rail lines decreed common fixed times so that they could keep schedules and avoid wrecks.
Agreements between railroad corporations to divide the business in a given area and share the profits were called
pools.
Early railroad owners formed "pools" in order to
avoid competition by dividing business in a particular area.
Efforts to regulate the monopolizing practices of railroad corporations first came in the form of action by
state legislatures.
The first federal regulatory agency designed to protect the public interest from business combinations was the
Interstate Commerce Commission.
One of the most significant aspects of the Interstate Commerce Act was that it
represented the first large-scale attempt by the federal gov. to regulate business.
After the Civil War, the plentiful supply of unskilled labor in the US
helped to build the nation into an industrial giant.
One of the methods by which post-Civil War business leaders increased their profits was
elimination of as much competition as possible.
The steel industry owed much to the inventive genius of
Henry Bessemer.
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