Gilded Age 1
It meant "hands off" and that govt would stay out of businesses.
Laissez-faire
Growth of cities, industries, and population.
Urbanization
belief that native born people should be treated better than immigrants.
Nativism
a person of a small group of individuals who starts a business in hopes of making a profit.
Entrepreneurs
Formed to improve working conditions of corporate employees
Labor Unions
Who are the 2 richest robber barons at this time and what was their industry?
Carnegie and Rockefeller
Known for his monopoly over the railroad industry
Vanderbilt
When the business owners were seen in a negative way, they were considered what?
Robber Barons
exclusive control by one company over an entire industry
Monopoly
railroad that connected the East to the West.
Transcontinental Railroad
Federal law that prevented unfair practices by railroads
Interstate Commerce Act
a set of laws that barred Chinese immigration for 10 years and prevented Chinese already in the country from becoming citizens.
Chinese Exclusion Act
federal legislation preventing monopolies from engaging in unfair business practices.
Sherman Anti-Trust Act
Invented the lightbulb
Edison
invention that allowed steel to be made more efficiently.
Bessemer Process
accelerated the settlement of the western territory by granting families 160 acres of public land for a minimal filing fee and five years of continuous residence on that land.
Homestead Act
The process of buying out the competition to create one bug empire
Horizontal integration
Famous political boss in New York City. Was eventually arrested for his corruption
Boss Tweed
Attempted to assimilate Native Americans, however it resulted in loss of Native American land.
Dawes Act
corrupt powerful group that supported a corrupt local political party, usually the same corrupt political party that is allowing them to be powerful.
Political Machines
What were two sports than were popular in the gilded age
The process of owning every aspect of your company. From the factories to the store
Vertical Integration
When the big business owners were portrayed in a positive way
Captains of Industry/Philanthropist
Came from Eastern and Southern Europe
New Immigrants
Small apartments that would house many immigrants
Tenements