How did the huge industrial trusts develop?

How did the huge industrial trusts develop?

Andrew Carnegie and John D. Rockefeller formed huge trusts in their respective industries. Carnegie had a big trust in the steel industry while Rockefeller had a big trust in the oil industry. They would often undersell the competition, forcing the competition to sell their businesses to Carnegie or Rockefeller.

In what ways did industrialization bring a revolution in cultural views of labor opportunity and even time?

In what ways did industrialization bring a revolution in cultural views of labor, opportunity, and even time? Machines made farming more efficient, which in turn led to many former poor farmers going to cities for work.

What was the effect of the new industrial revolution on American laborers and how did various labor organizations attempt to respond to the new conditions?

The Industrial Revolution had a profoundly negative effect on workers during the early Twentieth Century. In the past, workers that crafted consumer goods were highly valued and respected. With the introduction of machinery for the mass production of goods, the American worker became expendable.

How did the growth of the railway system during the nineteenth century affect the US economy *?

Railroad expansion affected the US economy by creating jobs, establishing a national market, establishing a cattle industry on the Plains, and allowing certain people to acquire great wealth through investing in the railroad.

How did the completion of the transcontinental railroad affect companies that made products?

The completion of the Transcontinental Railroad greatly affected companies that made products in that it made it far easier for them to transport their goods over long distances to markets, which greatly increased profits and output.

How did the transcontinental railroad changed America?

Just as it opened the markets of the west coast and Asia to the east, it brought products of eastern industry to the growing populace beyond the Mississippi. The railroad ensured a production boom, as industry mined the vast resources of the middle and western continent for use in production.

How did trains work in the 1800s?

The early railroad trains were extremely basic. The cars were little more than stagecoaches with flanged wheels. The cars were secured together with chains, and when the engine started or stopped, there was a terrible clanging, bumping and jolting.