People
You Define
I Define
Which One of These
Big Business
100
Built US Steel - a process that turned a poor young man into one of the richest entrepreneurs of his age. Donated almost all of his wealth to cultural, scientific, and educational institutions. Wrote "Gospel of Wealth"
Andrew Carnegie
100
Monopoly
Complete control of a product of service
100
Created to aid in safe travel and timely schedules of trains.
Time Zones
100
Horizontal Integration, Small-Business, Vertical Integration?
Small Business
100
People who risk their own money in organizing and running a business.
What is an entrepreneur?
200
Thomas Edison
Perfected the light bulb, created an electrical power system, and organized power plants.
200
Cartel
Agreement between businesses to limit production and increase prices.
200
A number of people share ownership of a business.
Corporation
200
Jim Crow Laws, Populist Party, Farmers
Jim Crow Laws - Ushered in segregation and racism that persisted into the 1960s.
200
A company owns all the different businesses on which it depends for its operation.
What is a vertically integrated trust?
300
Alexander Graham Bell
Opened the way for worldwide communications with invention of the telephone.
300
Laissez-Faire
An economic policy or attitude of letting business and commerce take its own course without government regulation or interference
300
Survival of the fittest. Wealth is the measure of one’s inherent value and those who had it were the most “fit”
Social Darwinism
300
Social Darwinism, Knights of Labor, American Federation of Labor
Social Darwinism
300
Combining many firms in the same type of business into one corporation.
What is a horizontally integrated trust?
400
Henry Bessemer
Developed a cheap process for making steel.
400
Capitalism
Economy is controlled by private owners for profit.
400
Taxes that made imported goods cost more than domestic goods.
Protective Tarriffs
400
Angel Island, Immigration, Educated and Skilled
Educated and Skilled - New immigrants were not often skilled or educated.
400
Famous for US Steel, vertical integration, and Gospel of Wealth.
Who is Andrew Carnegie?
500
How did the people of the Industrial Revolution impact the future of American Prosperity? Discuss two of the following: Social Factors, Economic Factors, Political Factors.
Sample Answer: Andrew Carnegie believed that the man who died rich thus died disgraced. Before he died, he donated large sums of money to educational institutions such as libraries and universities. These institutions furthered America's sociological growth by providing opportunities for other people to experience his rags-to-riches story.
500
How did economic policies during the Industrial Revolution impact the working class (poor, labor workers)?
Sample Answer: Economic policies such as monopolies, trusts, and Laissez-faire only added to the frustrations of the working class. The lack of government regulation in business (Laissez-faire) allowed big business men to take advantage of their workforce by paying them low-wages, providing sub-par housing, and forcing them to work 12 hour days, six days a week.
500
How were the civil and political rights of certain groups in America undermined during the years after reconstruction?
Example: Many minority groups saw success in the years directly after the Civil War (Reconstruction). For ten years, African Americans were allowed to vote, were elected to political office, and held jobs such as police captains and educators. After the years of Reconstruction (around 1876), Jim Crow Laws and the removal of Federal troops from the south began taking those rights away. Jim Crow Laws effectively perpetuated segregation and it isn't until Dr. MLK that the Civil Rights for all people, regardless of race, are realized.
500
"No man becomes rich unless he enriches others." "The man who dies rich, dies disgraced." "Forget everyone else and buy a Jet Ski." "Do your duty and a little more and the future will take care of itself." Which one of these quotes does not belong? Why? Discuss the remaining quotes. Who said them? What do they mean?
Example: Andrew Carnegie was a generous man who probably never saw a Jet Ski. He believed in sharing his wealth with others and providing the opportunity for all people to become as successful as he had. He personified the spirit of American Opportunity and wanted to provide that opportunity to all people.
500
"The more remote causes are still imminent. Five reductions in wages, in work, and in conditions of employment swept through the shops at Pullman between May and December, 1893. The last was the most severe, amounting to nearly 30 percent, and our rents had not fallen. We owed Pullman $70,000 when we struck May 11. We owe him twice as much today. " What group do you suppose wrote this exerpt? Provide textual evidence to support your answer.
This excerpt is written by the Pullman Company Town Strikers. It appears to be a letter written to their boss, George Pullman, expressing grievances for working conditions. Some of the complaints they have are that their wages have been cut while rents stay the same, they owe a lot of money to Pullman, and that striking has only increased that money owed.
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