USA Knowledge Tests (1890-1920) “Economic Changes” Flashcards
What was the nation’s wealth in 1860 compared to 1900?
In 1860 it was $16 billion and in 1900 it was $88 billion
How many tons of iron was produced in in 1860 compared to 1900 and what did this demonstrate?
920,000 tons of iron was produced in 1860 compared to 10.3 million tons in 1900 which showed huge industrial growth
In 1904, what % of the total industry was produced by the top 4% of companies?
57%
What was the population of the West in 1860 compared to 1890?
In 1860 the population of the West was 760,000 and in 1890 it was more than 6 million
Where was iron ore discovered in 1892 and what did this cause?
Iron ore was found in Messabe Hills in Minnesota which caused steel production to increase by 400% in 1913
What event in 1896 doubled the size of US gold reserves?
Alaska-Yukon gold rush
Which oilfields’ development expanded the US’s position in the world for oil production?
Oklahoma, California and Texas
In the 1893 depression, how many companies and banks closed?
15,000 companies and 600 banks closed
How long did the 1893 depression last and what was the national unemployment %?
The 1893 depression lasted 4 years and the national employment rate was 20%
What was the Pullman Strike 1894 and who was the leader?
National strike which paralysed the nation led by Eugene Debs
What was Cleveland’s response to the Pullman Strike 1894?
Sent in troops and passed the Omnibus Indictment Act which permitted the legal banning of strikes
What book did Upton Sinclair write and what did this reveal?
Upton Sinclair wrote The Jungle which revealed the horrendous conditions in the meat-packing industry in Chicago
When was the first tractor introduced?
1892
Who used the first conveyer belt?
Henry Ford used the first conveyer belt in 1913
When was the world’s first fully synthetic plastic invented and what was it called?
Bakelite was invented in New York in 1907
