Industrialization People
This man founded the Standard Oil Company.
Who is John D Rockefeller
This town and state is where "East met West" and the golden spike was hammered
Promontory Point, UT
This allowed for improvements in train scheduling and deliveries by dividing the country into 4 areas.
What are time zones?
This means the Government will keep "Hands Off" and allow "Big Business" to grow without "regulation"?
Laissez Faire
"The man who dies thus rich dies disgraced." This concept convinced millionaire's of the "Gilded Age" to donate their money to help others.
Gospel of Wealth
This man is known as the "Wizard of Menlo Park", he held over 1,000 patents. His most famous include the "lightbulb, phonograph, and motion pictures (movies)"
Thomas Edison
This city was the location of a violent labor strike between steelworkers and agents from the Pinkerton Detective Agency.
What is Homestead, PA
This metal is "lighter, more flexible, and rust resistant", it becomes the building material of "buildings that exceed 10 stories"?
Steel
This term, means "making many goods, at once, using the machinery in a factory"?
Mass Production
This is a business that tries to "eliminate competition", there by, allowing, one company to "control the production, wages, and prices of an entire industry"?
A Monopoly
He invented the assembly line. His first car could scream along at an incredible 25 mph!
Who is Henry Ford?
This city was home to the Haymarket Riot of 1886
What is Chicago, IL
This invention by Thomas Edison, allows "Americans to work at night", there by, increasing the productivity of the United States, making it the "richest country in the world"
The Lightbulb or (Electricity)
This concept preached "survival of the fittest" where society and government should do as little as possible to interfere with people's pursuit of success,
What is Social Darwinism?
This is the nickname of this time period, it comes from author Mark Twain. The term means that even though the age offered "tremendous wealth", many felt it was only "gold-plated, with a rotten core"?
The Gilded Age
This man was a Scottish Immigrant. He massed produced "steel" with a new "process". He became the "richest man in the world" and gave his fortune away?
Andrew Carnegie
This city was the location of a steel bridge that spanned the Mississippi River which was financed by Andrew Carnegie.
What is St. Louis, MO
This invention "connected" two of the largest cities in the country, it was made using a new "lighter, flexible, and rust resistant material", it had revolutionary "cables" that supported the weight. It was tested by sending "elephants from one side to the other"?
The Brooklyn Bridge
This type of business strategy was for a larger company to buy up smaller companies in the same field and merge them under a corporation.
What is Horizontal Integration?
This time period inspired many foreigners, especially from Southern and Eastern Europe, to move to the US, seeking jobs. The movement of people into the US is called?
Immigration
This man founded the American Federation of Labor, a labor union, in 1886
Who is Samuel Gompers?
This city in Western PA, was home to the "Steel Industry" due to it's abundance of "natural resources" such as "iron ore, coal, and petroleum"? It became known as "Steel Town, USA"?
Pittsburgh, PA
This "process" was introduced to turn "iron" into "steel", it made the production of "steel" cheaper and therefore, allowed more people to build with it, "creating a building boom in cities"
What is the Bessemer Process?
This type of "business organization", calls for the buying of all aspects of the production of a good, from the mining of minerals to the production and shipping of the good.
What is Vertical Integration?
This type of big business strategy is where businesses that make the same product agree to limit the supply to keep prices high.
What is a cartel?