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A situation where one company is the only producer of a good is called a Monopoly. This type of business is powerful, and has control over supply and price. the game Monopoly is based off of this business style. The main guy on the front of the box represents J.P. Morgan.

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When railroads came along, the local time concept became a problem. Time zones were instituted in 1883 due to this. They were created for two main reasons, to establish arrival times & to avoid collisions. It took a while to enforce time zones due to stubborn towns. Today, we use time zones throughout the world.

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The farmers were impacted both positively and negatively during the Industrial Revolution. Farmers were able to work easier due to advancements in farming equipment. This also allowed the to harvest more crops. Another benefit was the railroads. Railroads allowed them to ship goods quicker, as well as reach new markets to sell their crops. Some negative things that came from this was farmers unintended overproduction. This caused prices to decline, and hurt their profits. Although railroads were helpful to farmers, they also were harmful. Railroad companies grossly overcharged farmers. Many farmers went into debt.

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Thomas Edison is considered to be the greatest of all time. He was an inventor, and businessman who has been described as America's greatest inventor. Edison invented the light bulb, automatic vote recorder, telegraph device, film, phonograph, etc. He has a total of 1,093 patents. was one of the first laboratories to pursue practical, commercial applications of research. It was in his Menlo Park laboratory that Thomas Edison invented the phonograph and developed  the first light bulb filament. Today, Mark Zuckerburg named Facebook headquarters Menlo Park

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The Populist Party, aka the People's party, was made up of angry farmers from the South and Midwest against the Democratic and Republican Parties for ignoring their interests and difficulties. For over a decade, farmers were suffering from crop failures, falling prices, poor marketing, and lack of credit facilities. The requested for the government to regulate railroad shipping rates, as well as increasing money supply and charging income tax. Another reform they plead for was an election for US senators, rather than them being appointed. During an election in the 1800s, 5 Senators, 3 Governors and 1,500 State Legislatures, were elected; all being apart of the Populist Party. Eventually, the Populist Party would dissolve but many of their ideas made their way into Democratic Party.

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The First Transcontinental Railroad was completed in 1869. The Central and Pacific lines meeting point was located at Promontory Point, Utah. Chinese and Irish immigrants were credited the most with building the Transcontinental Railroad. George Pullman was a man who was interested in passenger travel. He noticed that the railroad cars were uncomfortable, dirty, cramped, and unsatisfactory. So, in 1865 he invented the first sleeper car. His remodeling was created to be a better sleeper, and more comfortable. It was also declared to be the most luxurious way to travel.

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There was a dramatic increase in the population during the Industrial Revolution. One reason for this was immigration. It was also due to increased food production, advances in medicine, better sanitation and an increased birthrate. Another change during the Industrial Revolution was the change from an agricultural society to an Industrial society, this led to urbanization throughout the country. Due to less farms and more factories, Laborers began working more with machines rather than manual labor.