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What were the results of the new market structures in the late 1800s?
The new market structures, of the late 1800s, resulted in several industries being monopolized. The steel and oil industries are examples.
Who drove the cattle on the Chisholm trail?
In the late 1800s the Chisolm trail was used to drive cattle by cowboys. The cowboys originated in Texas and drove the cattle to Kansas to be sold.
Which development was most important in encourging the growth of the cattle industry during the late 1800s?
expansion of railway lines
How did railroads primarily affect the cattle business in the late 1800s?
refrigerated rail cars
What made cattle ranching so profitible in the 1800s?
Being able to brand your cows so that they could be identified and Fencing off land so cattle were not lost were two things that helped make cattle ranching so profitable in the late 1800s. Railroads helped cut the transportation costs.
What can The economic system of the US in the late 1800s can best be described?
Capitalism
What made cattle ranching so profitable in the late the 1800s?
Being able to brand your cows so that they could be identified and fencing off land so cattle were not lost were two things that helped make cattle ranching so profitable in the late 1800s. Railroads helped cut the transportation costs.
When did hereford cattle market start?
In the late 1800's, which was when Herefords started gaining a lot of popularity.
Was oligopoly a result of the new market in the late 1800s?
Yes, oligopoly was a result of the new market in the 1800s. The new market allowed just a few companies to take control of a single product such as steel or oil.
What was best suited to thrive in this type of environment in the late 1800s?
raising catteling
Prior to the late 1800s and the cattle boom what was the meat of choice for most Americans?
It wasn't chicken so it could have been either still beef or pork.
How did investment banker John Pierpont Morgan help corporations grow in the late 1800s?
Banker John Pierpont Morgan helped corporations grow in the late 1800s by investing in fledgling institutions. He also promoted the free market and financed business mergers.
