What were two important events which took place in Philadelphia in 1787?
1. ___________________________________________________
2. ___________________________________________________
3. While the second event is not nearly as well known, it is also very important. Explain why.
4. By the 1800s, the steamboat’s design had been improved by Robert ___________. In 1808, he and his business partner, Robert ______________, were granted a 20-year _________________ over
the operation of steamboats in New York’s waters by New York lawmakers. This was known as the Fulton–Livingston Monopoly.
5. Define monopoly:
6. What were some of the negatives of this monopoly?
1. The Constitutional Convention was held in Philadelphia in 1787.
2. The first American daily newspaper, The Pennsylvania Packet and Daily Advertiser, was published in Philadelphia in 1787.
3. The first American daily newspaper was important because it marked a significant shift in the way news was disseminated and consumed in the United States. It allowed for more timely and widespread distribution of information, which was crucial for the functioning of a democratic society.
4. By the 1800s, the steamboat’s design had been improved by Robert Fulton. In 1808, he and his business partner, Robert Livingston, were granted a 20-year monopoly over the operation of steamboats in New York’s waters by New York lawmakers. This was known as the Fulton–Livingston Monopoly.
5. A monopoly is a situation in which a single company or group has exclusive control over a particular market or industry.
6. Some of the negatives of the Fulton-Livingston Monopoly included higher prices for consumers, limited competition and innovation in the steamboat industry, and a lack of access to steamboat transportation for people living outside of New York's waters.