Industrialization
Coal, copper, oil, tin, lumber and lead are all examples of these important building blocks for industrialization.
What are natural resources?
The federal government used these to encourage companies to build expensive railroads
What are Land Grants?
When one person or company controls almost all of the products or services in a single market
What is a monopoly?
One of the first industrial unions that allowed women and minorities to join
What is the Knights of Labor?
The total amount of goods and services produced in a country at a certain time
What is the Gross National Product?
The inventor of the motion picture camera, generator, phonograph and light bulb.
Who was Thomas Edison?
A name for a very powerful and wealthy person who achieved their success by cheating, cutting corners, and taking advantage of others.
What is a Robber Baron?
A percentage of a products value that must be paid when the product is imported into a country
What is a tariff?
Who was Samuel Gompers?
The look of the land after railroad land grants were awarded -- or the place where a game can be played
What is a checkerboard?
Alexander Graham Bell's invention that allows people to communicate across great distances.
What was the telephone?
The most notorious and corrupt railroad builder who was caught up in the 1872 Credit Mobilier scandal.
Who was Jay Gould?
The measure of how much wealth and comfort is available to a person or community
What is standard of living?
A strike among workers at a production facility that finally used the US Mail to bring federal troops in to end it.
What is the Pullman Strike?
The TWO kinds of costs facing industrialists, representing those they can, and those they can't control (name both)
What are fixed AND operating costs?
A belief that governments should let businesses make decisions and take actions without intefering in them.
What is Laissez Faire?
The country that was the source of over 10,000 workers who helped build the western section of the Transcontinental Railroad
What was China?
When a company owns all aspects of production and distribution of a product
What is vertical integration?
A business that requires all workers to join a union
What is a closed shop?
A nickname for members of the IWW (International Workers of the World)
Who were the Wobblies?
Someone who takes risk with money to make more money in the interest of business or enterprise.
What is an entrepreneur?
A railroad builder who did not use land grants to create the Great Northern Railroad from Minnesota to Washington state
Who was James J Hill?
When prices go down over a sustained period of time
What is deflation?
Predominantly working outside the home in garment production, as teachers, or as nurses
Who are women?
An industrial leader who controlled US steel, and who gave away much of his money to provided the public with libraries and a concert hall with his name on it.
Who was Andrew Carnegie?