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“A New Industrial Age”

“A New Industrial Age”. Chapter 12. A New Industrial Age. I.) Why Spread To America?. Industrial boom due to several factors : 1. abundant natural resources 2. govt. supported business 3. urban population = cheap labor 4. rise in population = market for new products.

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“A New Industrial Age”

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  1. “A New Industrial Age” Chapter 12 A New Industrial Age

  2. I.) Why Spread To America? • Industrial boom due to several factors: 1. abundant natural resources 2. govt. supported business 3. urban population = cheap labor 4. rise in population = market for new products

  3. II.) New Innovations And the most important………

  4. III.) the Railroads • Govt. makes huge land grants & federal loans to railroad companies Outcome: 1. opened new markets for economy 2. growth of new towns & cities 3. widespread abuse of power by railroads

  5. Who Built the Railroads? Chinese Workers African-American Workers Civil War Vet Workers Irish Workers

  6. Transcontinental Railroad: Union Pacific & Central Pacific connect east to west on May 10, 1869 Promontory Point, Utah May 10, 1869

  7. Time Zones: Earths surface divided into 24 time zones to help all railroads share common time 1. United States divided into 4 time zone -Eastern, Central, Mountain, & Pacific

  8. IV.) Railroad Abuses & Reforms • Abuses by the Railroad: -misuse of govt. land grants -price controls -shipping charges • Credit Mobilier: a1864 corruption scheme which Union Pacific stockholders formed a construction company to skim off railroad profits for themselves Outcome: - Union Pacific officials pocket 23 million - Kickbacks to govt. officials - Republican Party tarnished Then…..

  9. Granger Laws: laws protecting the farmers & regulating the railroads Example: set maximum rate for shipping goods!! Outcome: Munn v. Illinois(1877) (upheld the state’s right to regulate the railroads) • Interstate Commerce Act: govt. has the right to supervise railroad activities - created a 5 member commission to oversee (ICC)

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