WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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rejected government assistance.
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built their railroads with government assistance.
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relied exclusively on Chinese labor.
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relied exclusively on Irish labor.
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refused to get involved in politics.
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Detailed explanation-1: -Cornelius Vanderbilt and his son William were perhaps the most famous railroad tycoons. During the era, they bought out and consolidated many of the rail companies in the East, enabling them to cut operations costs.
Detailed explanation-2: -Thomas Edison was by far the most prolific and well-known inventor of the Gilded Age, and his fame started with the phonograph, the first machine for recording and playing back sound.
Detailed explanation-3: -In 1887 Congress passed the Interstate Commerce Act, making the railroads the first industry subject to federal regulation.
Detailed explanation-4: -As the railroads grew in power, they exerted increasing influence on local and state governments, eventually prompting Congress and reform-minded presidents to pass laws to regulate the new industry.