Robber Barons/Captains of Industry
Used horizontal integration to monopolize the oil industry and founded Standard Oil.
Who is John D. Rockefeller
When you combine into one organization all phases of manufacturing from mining to marketing
An economic system based on private ownership of property, people/companies own means of production, and limited government involvement.
What is Capitalism
Engineer and scientist credited with inventing and patenting the first practical telephone
Who is Alexander Graham Bell
What is Nativism
Created the assembly line system to increase production. Creator of the Model T
Who is Henry Ford
Business practice of joining or consolidating with ones competitors to create a monopoly
What is Horizontal Integration
An economic system characterized by an absence of social classes, means of production being publicly owned, and major governmental involvement.
What is Communism
American inventor famous for the light bulb
Who is Thomas Edison
The act of coming to live permanently in a foreign country
What is immigration
Through vertical integration he monopolized the steel industry, also believed in Social Darwinism.
Who is Andrew Carnegie
What is the Bessemer Process
Economic system in which the production and distribution of goods and services is a shared responsibility of a group of people. Nothing is privately owned.
What is Socialism
American inventor and industrialist, invented the Pullman sleeping car; began the Pullman Strike when he reduced worker wages, which he then dealt with in a violent manner
Who is George Pullman
Population shift from rural to urban cities, growth of large cities and industrialization
What is urbanization
Railroad owner that popularized the use of steel in railways. Expand the rail system from New York to Chicago.
Who is Cornelius Vanderbilt
A formation of companies or a single company that controlled the entire market, reduced competition and drove up prices
What is a monopoly
A political party organization in which a single, very corrupt, "boss" has enormous power over governments of urban cities.
What is a political machine
Delivered the famous Cross of Gold speech on the need for bimetallism, supported farmers and the Populist movement
Who is William Jennings Bryan
Immigration station for European immigrants located in the New York Harbor 1892-1954
What is Ellis Island
Who is JP Morgan
A group of skilled workers from one or more trades that focused on bargaining for better working conditions and higher wages
What are Labor Unions
It was a political group that gained much support from farmers who turned to them to fight political unfairness. Looked to benefit farmers
Head of Tammany Hall, NYC's powerful democratic political machine
Who is Boss Tweed
The main goal of these laws were to regulate rising fare prices of railroad and grain elevator companies after the American Civil War.