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Questions
1. The railroad played a very large role in the economic developments
between 1869 and 1900. The railroads provided a way to transport goods
across the nation. They aided in the imports and exports of all kinds of
goods, keeping the economy stable.
2. In 1870, John D. Rockefeller founded the Standard Oil Company, which he
ran until 1897, when he retired. Standard Oil started in Ohio with a
partnership between John Rockefeller and his brother William Rockefeller
and other business partners. As the need for kerosene and gasoline grew,
so did the Rockefeller’s wealth. Standard Oil gained control of the United
States economy through horizontal integration. By lowering the cost of
kerosene and gasoline, Standard Oil became very popular. Rockefeller
sold his oil and kerosene in a number of different markets to gain ultimate
potential.
3. Robber barons
4. Many things caused worker discontent in the 1870s and 1880s. Working
conditions in the factories were terrible and hazardous for the workers.
The workers also had no control over the conditions of their work. They
had no say in anything, and were treated very poorly. Along with these
conditions, the wages the workers were paid were horrendous and hardly
reached minimum wage. There were also no child labor laws, so children
at a very young age were working the dangerous jobs in the factories for
very little money, risking their lives. All of these aspects of
industrialization added to the increasing dissatisfaction of the workers.
5.