HIST 1051- Midterm Exam Guide - Comprehensive Notes for the exam ( 60 pages long!)
Document Summary
In the late (cid:883)(cid:890)(cid:882)(cid:882)"s and early (cid:883)(cid:891)(cid:882)(cid:882)"s, industrialization was booming. More jobs we"re being created and on average, people were making more money: innovators in enterprise. Rail lines began having issues with communication due to the amount of mileage a superintendent was required to cover. The u. s economy was booming by 1900 and most of the population had converted to electric power. Utilization of fossil fuels began: productions and sales i. ) Gustavus swift created found a better way to ship, slaughter, and store meat. ii. ) Swift put the animal by-products to good use by turning them into fertilizer. iii. ) Utilized predatory pricing: cutting prices until competitors went under and then raising prices again: standard oil and the rise of the trusts. John d. rockefeller went into the kerosene business and within a few years was a leading provider. i. ) ii. )
