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Industrial Revolution

AB
Railroad companiesGovernment offered free land and loans to encourage
Transcontinental RailroadCompleted 1869, ran from east to west, labor by Chinese and Irish immigrants, important in Industrial Revolution
Homestead ActGovernment gave free land to settlers to encourage moving to Great Plains, hard and many failed
The Dawes ActLaw to try an "Americanize" the Native Americans, assimilate them (make them act like whites)
Factors that Contributed to IndustrializationImprovements in railroad, new ideas, natural resources and laissez-faire
Laissez-faireA "hands-off" approach by gov't to business, few or no restrictions
Interstate Commerce Commission1st government regulatory agency in response to unfair railroad practices (allowed by Commerce Compromise)
Gospel of WealthIdea of Andrew Carnegie to defend the rise of millionaires
Social DarwinismPhilosophers applied Darwin's survival of the fittest to business to justify vast wealth
Advantages of corporationsCan raise large amounts of capital ($) and protected like an individual by 14th amendment
MonopolyEliminating competition w/ complete control of an industry. Ex. Rockefeller w/ Oil



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