Economy Flashcards

1
Q

The number of people living on farms rose by what between 1865 - 90

A

15 million

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2
Q

What happened to the number of farms between 1865 - 1890

A

Doubled

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3
Q

When was the Oklahoma land rush, how much land was said to be free to white settlers

A

1889, 2 million acres

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4
Q

When was the union pacific, a transcontinental railway, finished

A

1869

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5
Q

When did the years of drought begin

A

1887

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6
Q

What followed the panic of 1873

A

5 years of recession, many firms went bankrupt

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7
Q

What was the pop of Philadelphia in 1860 us 1890

A

60 - 570 K, 90 - 1 million

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8
Q

When were there improved technologies in refrigeration

A

1867

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9
Q

When did Thomas Edison invent the lightbulb

A

1879

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10
Q

By when were smaller oil corporations merging into large ones

A

1874

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11
Q

How many miles of track were there in 1865 us 1893

A

65 - 35K, 93 - almost 200k

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12
Q

When was the northern pacific railroad completed

A

1883

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13
Q

Steel was growing at a rate of what per year

A

7%

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14
Q

An estimated what percentage of oil refining in the world was controlled by standard oil in the 80s

A

85%

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15
Q

What process in the 80s speeded up production of steel

A

Bessemer process

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16
Q

In 1875 v 1900, how many tons of steel were produced

A

75-360k, oo - 60 million tons

17
Q

When was General Electric formed

A

April 1892

18
Q

When was the homestead act? What did it do?

A

1862, accelerated settlement of western territory

19
Q

When did the us overtake Britain as the worlds most productive economy

A

1890