Economy
when all competition in markets is eliminated, leaving only one business or cooperation to own all parts of an industry
Monopoly
a group of workers coming together to form a protest against working conditions, attempting to meet a common goal
Labor Unions
a policy in which the government stays out, and doesn’t interfere with Markets
Laissez Faire
period of time where America looked great on the outside, with many wealthy individuals and companies doing well, when in reality there was a large gap between the rich and the poor and many were suffering
Gilded Age
Original Ship the Pilgrims sailed over on:
Mayflower
a tax on imports (goods shipped in to sell) and exports (goods shipped out to sell)
Tariff
favoring native-born individuals over people born in a foreign country
Nativism
belief that business were “survival of the fittest” and the strong businesses would survive, and the weak would die
Social Darwinism
policy that allowed the president to break up Native land and distribute it to buyers
Dawes Act
How we obtained the land of Louisiana:
louisiana purchase
people moving to the city to live where industry was
Urbanization
an organized protest of working and labor conditions
Strike
Selecting a natural born US Citizen over a chinese immigrant:
Nativism
policy in American Markets that prevent unfair business practices and monopolies/ was very weak, and easy to bypass
Sherman Anti-Trust
How we obtained the land of Florida
Adams-Onis
businessmen who used shady and unfair tactics to gain control of industry and eliminate competition
Robber Barons
companies would not hire people who had previously been members of a labor union
Blacklist
owning every step of the production of a product - Used by Andrew Carnagie in his production of Steel
Vertical Integration
American policy that strengthened the Sherman Antitrust act, and in the end ended monopolies and unfair business practices like monopolies / robber barons, blacklist, yellow dog contracts, etc.
Clayton Act
US Policy that made it legal to claim new territory: Late 18th century (1700s)
Northwest ordinance
owning one step of the production process of a product - Used by John D. Rockefeller in his production of oil
Horizontal integration
Signing a contract stating you would not join a labor union:
Yellow Dog Contract
the process of mechanizing, manufacturing, and the growth of factories and mills in the United States.
industrialization
captain of industry for banking; monopolized the banking industry
J.P. Morgan
The rebellion that showed the Constitution was stable, and able to react to situations:
Whiskey Rebellion