Many other Americans have followed Carnegie’s lead and done the same thing, for example

Answers

Answer 1

Answer:

As discussed previously, new processes in steel refining, along with inventions in the fields of communications and electricity, transformed the business landscape of the nineteenth century. The exploitation of these new technologies provided opportunities for tremendous growth, and business entrepreneurs with financial backing and the right mix of business acumen and ambition could make their fortunes. Some of these new millionaires were known in their day as robber barons, a negative term that connoted the belief that they exploited workers and bent laws to succeed. Regardless of how they were perceived, these businessmen and the companies they created revolutionized American industry.

RAILROADS AND ROBBER BARONS

Earlier in the nineteenth century, the first transcontinental railroad and subsequent spur lines paved the way for rapid and explosive railway growth, as well as stimulated growth in the iron, wood, coal, and other related industries. The railroad industry quickly became the nation’s first “big business.” A powerful, inexpensive, and consistent form of transportation, railroads accelerated the development of virtually every other industry in the country. By 1890, railroad lines covered nearly every corner of the United States, bringing raw materials to industrial factories and finished goods to consumer markets. The amount of track grew from 35,000 miles at the end of the Civil War to over 200,000 miles by the close of the century. Inventions such as car couplers, air brakes, and Pullman passenger cars allowed the volume of both freight and people to increase steadily. From 1877 to 1890, both the amount of goods and the number of passengers traveling the rails tripled.

Financing for all of this growth came through a combination of private capital and government loans and grants. Federal and state loans of cash and land grants totaled $150 million and 185 million acres of public land, respectively. Railroads also listed their stocks and bonds on the New York Stock Exchange to attract investors from both within the United States and Europe. Individual investors consolidated their power as railroads merged and companies grew in size and power. These individuals became some of the wealthiest Americans the country had ever known. Midwest farmers, angry at large railroad owners for their exploitative business practices, came to refer to them as “robber barons,” as their business dealings were frequently shady and exploitative. Among their highly questionable tactics was the practice of differential shipping rates, in which larger business enterprises received discounted rates to transport their goods, as opposed to local producers and farmers whose higher rates essentially subsidized the discounts.

Jay Gould was perhaps the first prominent railroad magnate to be tarred with the “robber baron” brush. He bought older, smaller, rundown railroads, offered minimal improvements, and then capitalized on factory owners’ desires to ship their goods on this increasingly popular and more cost-efficient form of transportation. His work with the Erie Railroad was notorious among other investors, as he drove the company to near ruin in a failed attempt to attract foreign investors during a takeover attempt. His model worked better in the American West, where the railroads were still widely scattered across the country, forcing farmers and businesses to pay whatever prices Gould demanded in order to use his trains. In addition to owning the Union Pacific Railroad that helped to construct the original transcontinental railroad line, Gould came to control over ten thousand miles of track across the United States, accounting for 15 percent of all railroad transportation. When he died in 1892, Gould had a personal worth of over $100 million, although he was a deeply unpopular figure.

In contrast to Gould’s exploitative business model, which focused on financial profit more than on tangible industrial contributions, Commodore Cornelius Vanderbilt was a “robber baron” who truly cared about the success of his railroad enterprise and its positive impact on the American economy. Vanderbilt consolidated several smaller railroad lines, called trunk lines, to create the powerful New York Central Railroad Company, one of the largest corporations in the United States at the time. He later purchased stock in the major rail lines that would connect his company to Chicago, thus expanding his reach and power while simultaneously creating a railroad network to connect Chicago to New York City. This consolidation provided more efficient connections from Midwestern suppliers to eastern markets. It was through such consolidation that, by 1900, seven major railroad tycoons controlled over 70 percent of all operating lines. Vanderbilt’s personal wealth at his death (over $100 million in 1877), placed him among the top three wealthiest individuals in American history.


Related Questions

Which statement best explains how transportation technology advanced the Industrial Revolution?

Answers

Explanation:

my guess train & steam powered boat engine made it possible to send products from inside America to Europe quickly

Describe fake news ?

Answers

Answer:

Fake news is written and published with the intent to mislead in order to gain financially or politically, often with sensationalist, exaggerated, or patently false headlines that grab attention.

Explanation:

Brainliest plus 20 pts
Amanda wrote an article about a controversial subject for her high school newspaper. Her principal said the article could not be published.

Which case did he most likely use to justify his decision and why?

He used Brown v Board of Education because the Supreme Court decided that Brown could not publish information about civil rights if it was deemed inappropriate by the publisher.
He used Miranda v. Arizona because the Supreme Court decided that a school administrator could decide if published information agreed with the school's educational mission.
He used Tinker v. Des Moines because the Supreme Court would not allow students to express their beliefs and opinions at a public school.
He used Hazelwood v.Kuhlmeier because the Supreme Court stated that a school administrator can censor material published at a school.

Answers

The answer to be c
And reread the paragraph on c

Select the correct answer.
Which statement about African independence movements Is true?
• A.
Almost all Independence movements produced stable democracies.
B. Almost all independence movements were supported by the Soviet Union.
Almost all Independence movements took place after World War II.
D.
Almost all Independence movements put an end to ethnic tensions.
E. Almost all Independence movements led to industrial development.

Answers

Answer:

skiddlydoo i grant answers to you

Explanation:

Almost all independence movements were supported by the Soviet Union. Hence, option B is appropriate.

What is the move of the Soviet Union?

From 1922 to 1991, the Soviet Union, formally known as the Union of Soviet Socialist Republics, occupied a large portion of Eurasia. Armenia, Azerbaijan, Belorussia, Estonia, Georgia, Kazakhstan, Kirgiziya, Latvia, Lithuania, Moldavia, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan were the 15 Soviet Socialist Republics that made up the Soviet Empire.

The Soviet Union was the largest country in the world, with a landmass of about 22,402,200 square kilometers. Its successor state, Russia, still holds that title today. Russia and the Soviet Union are not the same thing, but they are nonetheless connected. Both words are used unofficially, however, the term Russia was used instead of USSR during the former Soviet Union.

Hence, option B is correct.

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To what period in American history do the following statements apply?
suspicion of Communists, immigrants, and political radicals;
• fear of a worldwide Communist revolution;
• fear of the demise of the American Capitalist system.
Prohibition
Red Scare
New Deal
Roaring Twenties

Answers

Answer:

Explanation:

Red Scare

Answer: 2

Explanation:

Which statement about the characteristic of epics is least likely to be true?

Answers

What are the statements

Answer:

what are the statements

Why is the hammer and sickle symbol so prevalent in this cartoon?

China was promoting communism as a religion.
China was warning others about the evils of communism.
China had become a communist country.
China was allied with the United States.

Answers

Answer:

C

Explanation:

The creation of the PRC also completed the long process of governmental upheaval in China begun by the Chinese Revolution of 1911. The “fall” of mainland China to communism in 1949 led the United States to suspend diplomatic ties with the PRC for decades.

The hammer and sickle symbol so prevalent in this cartoon shown that China was promoting communism as a religion. Thus, option (a) is correct.

What is symbol?

A letter, word, character, or sign are examples of visual communications that are referred to as “symbols” used primarily in institutions, businesses, and organizations.

The hammer and sickle, which is a proletarian solidarity symbol, represents a connection between the peasantry and working class. The sickle was initially employed during the Russian Revolution to represent the peasants, while the hammer represented the workers.

As a result, option (a) is correct.

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What did Roger Sherman contribute to the drafting of the
Constitution?

Answers

Answer:

The great compromise

Explanation:

Answer: the great compromise

Explanation:

i was in ap us history


The Washington Constitution differs from the US Constitution because the Washington Constitution
1.outlines more protections.
2.treats rights unequally.
3.protects fewer rights.
4.interprets rights differently.

Answers

I think protect fewer rights

Answer:

The answer is. A. outlines more protections.

Explanation:

I had taken the test and got it right after guessing on it.

Which group of American voters has experienced the greatest
change in party attachment since the civil rights period

Answers

Someone please help I really need help! (NO LYING ) (NO LINKS) So sorry for this!!

The  group of American voters has experienced the greatest change in party attachment since the civil rights period is the black interest group.

What is a black interest group?

Black interest group is defined as those group in which there is the engagement of black men of the America.

In the black interest group, the voters of America have experienced the greatest change in party attachment since the civil rights period due to the black groups' involvement in the voting.

Therefore, the group is the black interest group that make many changes in the attachment of the occasion.

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The first factories in the South produced?
1. chemicals
2. textiles
3. plastics

Answers

I would say textiles. correct me if I’m wrong.

From the 1500s to the 1700s why were the coasts of Spanish America plagued by pirates?

Answers

Answer:

That was the time The spanish were colonizing Spanish America, and by colonizing I mean stealing. The spaniards were bringing a lot of treasures back to spain, and the pirates would steal the treasures for an easy dub.

Explanation:

HELLP
In which step of the engineering design process do you make a plan, decide what materials you will use, and decide which steps you will take?

A.
brainstorm

B.
design

C.
create

D.
test

Answers

Answer:

A

Explanation:

it makes the most sense

Ndndjdnsnshdhdhdhdhdbdhdhdhhdhsdh

which of the following knife is used for trimming and paring fruits and vegetables​

Answers

Answer:

A knife with 3-4 inch blade with a pointed tip

What did Howard
Hughes Sr. invent that
greatly effected the oil
and gas industry?

Answers

Answer:

He invented the "Sharp–Hughes" rotary tri-cone rock drill bit during the Texas Oil Boom.

Explanation:

What was one result of the Bretton Woods system?
O A. The U.S. dollar was no longer accepted in most countries,
O B. The U.S. dollar became backed by gold for the first time.
O c. The U.S. dollar became more valuable and influential
O D. The U.S. dollar lost its status as the world's reserve currency
SUBMI

Answers

Answer:

The 1944 Bretton Woods agreementestablished a new global monetarysystem. It replaced the gold standard with the U.S. dollar as the global currency. By so doing, it established America as the dominant power in the world economy.

Explanation:

One result of the Bretton Woods system was that the U.S. dollar became more valuable and influential.

What is  Bretton Woods system?

This was a system of monetary management which resulted in countries pegging their currencies to the U.S. dollar.

This act made the US dollar to be more valuable and influential as it was also pegged to the price of gold which was why option C was chosen.

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What is the difference between moral and physical attrition

Answers

Answer:

Attrition warfare is a military strategy consisting of belligerent attempts to win a war by wearing down the enemy to the point of collapse through continuous losses in personnel and materiel.The word attrition comes from the Latin root atterere to rub against, similar to the "grinding down" of the opponent's forces in attrition warfare.

Explanation:

Sana makatulong


Which Civil War leader wrote and delivered the Gettysburg address?

A. Abraham Lincoln

B. Thomas "Stonewall" Jackson

C. Jefferson Davis

D.Frederick Douglass

Please help

Answers

Answer:

A

Explanation:

it was abe Lincoln, he delivered the speech

A.... Abraham Lincoln

What aspect of this law could best be used to support
the judge's decision in the scenario?
O A driver must "exercise due care" while driving on
public roads.
O A driver must obey the “uniform rules of the road"
while operating a vehicle.
O A driver is only allowed to engage in "hands-free
telephone calls."
O A driver is allowed to enter a phone number for the
"initiation or continuation" of a call.

Answers

Answer:

A

Explanation:

Just did it on brainly

Answer:

A is correct!

Explanation:

Where were the constitutional change to the presidency

Answers

Answer:

1947 Presidential Succession Act defines the officials who would succeed to the presidency after the Vice President. 1947 Congress drafts an amendment to the Constitution which will limit a President to two terms in office. ... 1951 The 22nd Amendment, which limits a President to two terms, is ratified.

Explanation:

Orphaned children and other destitute people were sent to live in

Answers

ANSWER:

Orphaned children and destitute people sent to live in industrial Britain

Answer: Workhouses were orphaned children and destitute people sent to live in industrial Britain. This answer has been confirmed as correct and helpful.

/—-\
|◎ |
|/—\|

sus
amogus?

Answers

wait i kinda see the little character

Answer:

Kinda

Explanation:

There’s a Unicode called na and it looks like AMOOGUS

who in your family exhibit the most power and authority​

Answers

Answer:

Me bbbbbbbbbbbbbbbbbbbbbbbbbb

PLEASEEEE HELPPP
Which country supported North Vietnam in building the Hoo Chi Minh Trail
A) India
B) Thailand
C) Cambodia
D) Japan

Answers

Answer:

C. Cambodia

Explanation:

The Hoo Chi Minh Trail went through Cambodia, although the remained a neutral country within the war.

I hope this helps!

Which statement best describes the relationship between United States and other countries in the global economy during the financial crisis of 2008?
A crisis in the United States spread to other countries because of a global housing industry.
A crisis in the United States spread to other countries because of a global financial industry.
A crisis in other countries spread to the United States because of a global automotive industry.
A crisis in other countries spread to the United States because of a global energy market.

Answers

Answer:

B. A crisis in the United States spread to other countries because of a global financial industry.

Explanation:

I wanna say B

B. A crisis in the United States spread to other countries because of a global financial industry.

edge 2021

How did political structures evolve as agricultural societies developed?

Answers

Answer:

Villagers had no strong leaders because they moved around so often. Villagers followed leaders who helped organize trade and establish borders. Villagers continued following traditional clan leaders who made all the decisions.

Explanation:

Which best describes the ideas of Governor George C. Wallace of Alabama?
O Wallace thought the government should decide whether to integrate state universities
O Wallace believed that all students should be admitted to state universities.
Wallace wanted to promote integration at the University of Mississippi.
O Wallace wanted to block integration at the University of Alabama.

Answers

Ideas of Governor George C. Wallace of Alabama was to block integration at the University of Alabama.

Who is George Corley Wallace?

George Corley Wallace can be regarded as an American politician, and was the governor of Alabama in 1942.

Therefore, Alama served as 45th governor and prevented the integration at the University of Alabama.

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The best description regarding the ideas of Governor George C. Wallace of Alabama is Wallace wanted to block integration at the University of Alabama.

Who was George C. Wallace?

George Corley Wallace Jr. was an American politician who spent four terms as the 45th Governor of Alabama.

He was a Democratic Party member well known for his fierce segregationist and populist ideas.

Throughout his presidency, he advocated for "industrial development, low taxes, and trade schools."

Wallace was a staunch advocate of racial segregation. As a candidate for governor, he famously remarked, "Segregation now, segregation tomorrow, segregation forever."

During the Civil Rights Movement, Wallace opposed desegregation and supported "Jim Crow" policies, declaring in his inaugural address in 1963 that he stood for "segregation now, segregation tomorrow, and segregation forever."

Therefore, the correct option is D.

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True or False. Aryans were part of an Indo-European language family

Answers

yes aryans were part of an indo-european language family

In the broader context of the 1990s, which of the following most likely limited the popular appeal of protests against the “global economic system” such as the ones called for in the passage?


Global military tensions resulting from the expansion of NATO

Global military tensions resulting from the expansion of NATO
A

Rising concerns over environmental problems such as air pollution and ozone layer depletion

Rising concerns over environmental problems such as air pollution and ozone layer depletion
B

The collapse of the Soviet Union and the resulting absence of alternatives to the Western-dominated political and economic order

The collapse of the Soviet Union and the resulting absence of alternatives to the Western-dominated political and economic order
C

The continuing reoccurrence of famines, civil wars, and other humanitarian crises in Third World countries, despite international efforts to address these crises

Answers

Answer:

B

Explanation:

In the broader context of the 1990s, The collapse of the Soviet Union and the resulting absence of alternatives to the Western-dominated political and economic order. Thus, option B is correct.

What is a benefit of the global economic system?

The worldwide economy permits us to eat the food varieties we need throughout the entire year and purchase dresses and devices at lower costs. During seasons of harmony, it is helpful in a worldwide economy, to see different countries succeed.

The economy imploded when the dependability conditions expected for an effective order framework, which had been available in the Soviet for a very long time, failed to hold.

The Soviet Union had an ordered economy where the public authority controlled modern creation. The public authority spent tons of cash on science and innovation progressions, instead of modern productivity.

Therefore, option B is correct.

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8) How did the United States national security policy change at the end of the Cold War?

Answers

Answer:

The U.S. reduced defense spending.

Explanation:

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