Read 528-mid 538.
After you read, you should be able to:
explain how the railroads provided the basis for the industrial transformation (maybe web the ways the RR = bigger industry)
identify abuses in the RR industry and discuss the first efforts at industrial regulation by the federal government (maybe list abuses and match attempts at regulation, then write a 2 sentence summary on the effect of these regulations)
describe how the economy came to be dominated by giant trusts (maybe write a short 2-3 sentence summary)
Be prepared to correctly use the following terms/topics:
credit mobilier
paddies
railroad competition
pool
rebate
Vanderbilt's contributions
railroad refinements
time zones
opposition to the lord of the rails
free enterprise
regulatory commission
new inventions
vertical integration
horizontal integration
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