Inventions
Created the lightbulb
Who is Thomas Edison?
Economy- very little govt. involvement in business activities, businesses took advantage (NO Regulations)
What is Laissez-Faire?
Term for a person who gives money to charities. Think of Carnegie.
What is a Philanthropist?
This was the name of a derogatory term applied to wealthy industrialists who were seen as the greedy rich people.
Robber Barrons
The workforce of the Industrial Revolution was largely made up of this group of people.
What are immigrants?
This allowed for long-distance communication to happen rapidly (used morse code).
What is the telegraph?
Business owners tried to get rid of competition by owning entire/product or service in an industry. This is called a________ (Hint: Like the board game)
What is a Monopoly/Trusts?
Person controlled the Oil Industry.
Who is John D. Rockefeller?
This was the term applied to wealthy industry owners by people who admired them.
What are Captains of Industry?
Formed to fight for better pay, hours, and conditions.
What are Labor Unions?
Alexander Graham Bell invented the________, allowing people to communicate through voice for the first time in America.
What is the telephone
Mark Twain coined the term_________, a period of time that showed America was glittering on the surface but was corrupt and impoverished underneath. (hint: its what period/era we are reviewing right now.)
What is the Gilded Age?
This Gilded Age industry owner is known as the father of philanthropy as well as a successful steel businessman.
Who is Andrew Carnegie?
What is the The Gospel of Wealth?
Many of these circulated in newspapers during the Gilded Age: Drawings depicting messages about businesses/government/etc.
What are political cartoons?
Had a significant impact on the economic, cultural, and social development of the Western United States by connecting it to the east?
What is the (Transcontinental) Railroad?
The growth of businesses that manufacture products through the use of machinery/industry
What is industrialization?
Who is J.P. Morgan?
Immigration, Union Activism, Decline of Rural Population, and New Technological Developments are all are related to what larger social movement?
What is the Industrial Revolution?
Belief that natural competition weeds out the weak and allows the strong to survive.
What is Social Darwinism?
This process created steel cheaper and quicker (brought over from England).
This innovation in factories created a more efficient production of goods, making goods cheaper and more widely available to Americans (______ line)
What is the assembly line?
This person controlled the Railroad Industry.
Who is Cornelius Vanderbilt?
A form of business expansion where one industry controls aspects of the business, from raw materials, to the distribution of final product
What is vertical integration?
Prevented the Growth of Monopolies. (Poorly Regulated)
What is the Sherman Anti-Trust Act