Political Developments: Reasons for the Emergence of the Progressive Movement - Economic Problems Flashcards
1
Q
What large Economic Problem was there in the early 1890s?
A
There was a Depression in 1893
2
Q
What was the impact of the 1893 Depression for Farmers?
A
They were unable to pay back loans and to pay for freight costs
3
Q
Why did many individuals lose money that they were saving due to the 1893 Depression?
A
Because many banks collapsed
4
Q
What 2 forms of businesses had emerged in the 1870s?
A
Trusts and Corporations
5
Q
Name the owners of 4 Corporations and Trusts present in the USA in the late 1800s
A
Vanderbilt, Rockefeller, Carnegie, J.P Morgan
6
Q
A
