Industrial America Flashcards
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| 7382904455 | Entrepreneurs | People who invest money or time in a product or enterprise in order to make a profit | 0 | |
| 7382911547 | Protective Tariffs | taxes that make imported goods cost more than those made locally | 1 | |
| 7382916956 | Laissez-faire | "hands off" policies which allowed business to operate under minimal government regulation | 2 | |
| 7382924658 | Thomas Edison | received more than 1,000 patents for new inventions | 3 | |
| 7382929099 | Bessemer Process | created strong but lightweight steel | 4 | |
| 7382934335 | Suspension Bridges | made possible with lightweight steel and cable technology | 5 | |
| 7382938095 | Mass Production | large scale manufacturing | 6 | |
| 7382945191 | Corporation | a number of people share ownership of a business | 7 | |
| 7382949145 | Cartels | businesses agree to limit their production in order to keep prices high | 8 | |
| 7382958202 | Horizontal Integration | consolidation many firms in the same business | 9 | |
| 7382968787 | Vertical Integration | gaining control of the many different businesses that make up all phases of a product's development | 10 | |
| 7382977794 | John D. Rockefeller | Founded Standard Oil and the world's all-time richest man | 11 | |
| 7382981422 | Andrew Carnegie | Founder of U.S. Steel and famous philanthropist | 12 | |
| 7383000647 | Social Darwinism | "Survival of the Fittest" applied to society | 13 | |
| 7383003747 | Trusts | giant corporations | 14 | |
| 7383008854 | Sherman Antitrust Act | outlawed any corporation that operated in restraint of trade or commerce | 15 | |
| 7443488555 | Sweatshops | rough, dirty, sometimes dangerous workhouses | 16 | |
| 7443508612 | Company towns | owned by the business and rented to employees | 17 | |
| 7443516196 | Socialism | economic and political philosophy that favors public instead of private control of property and income | 18 | |
| 7443540224 | Knights of Labor | labor union founded in 1869, included workers of any trade, skilled or unskilled | 19 | |
| 7443553991 | Terrance Powderly | Head of the Knights of Labor | 20 | |
| 7443847677 | Samuel Gompers | formed the AFL (American Federation of Labor) | 21 | |
| 7443855834 | American Federation of Labor | formed in 1886, focused on specific workers' issues such as wages, hours, and working conditions | 22 | |
| 7443878109 | Haymarket Riot | resulted in many Americans associating union activities with violence | 23 | |
| 7443907179 | Homestead Strike | part of a number of steelworkers' and miners' strikes where federal troops were called in | 24 | |
| 7443927252 | Eugene Debs | leader of the American Railway Union | 25 | |
| 7443930584 | Pullman Strike | strike which halted both railroad traffic and mail delivery | 26 | |
| 7445917811 | Collective Bargaining | attempting to bargain for higher wages and better working conditions as a group | 27 |