Vocabulary
When one company controls the majority of an industry.
Monopoly
Andrew Carnegie
When you make large quantities quickly and efficiently
Mass production
Reasons to immigrate: more jobs, safer conditions, more freedom
Pull factors
The rapid growth of cities due to people leaving farms looking for jobs.
Urbanization
A group of workers who go on strike for higher wages, better conditions, and shorter hours
Labor union
Dominated the oil industry
John D. Rockefeller
A business leader who uses dishonest methods to achieve wealth
Robber baron
Emma Lazarus's words "Give me your tired, your poor, your huddled masses.." are etched on this famous landmark
The State of Liberty
A small, cramped, overcrowded apartment
Tenement
The economic system based on making profit and private ownership of property.
Capitalism/free enterprise
Applied the assembly line to auto-making.
Henry Ford
Edison's light bulb, Bell's telephone, Singer's sewing machine all required this document stating they were the original inventor
patent
This was the main processing station for immigrants on the east coast.
Ellis Island
A group who controls city politics and gave jobs to immigrants in exchange for votes
A political machine
When a company controls all aspects of production from supplies to finished product.
Vertical Integration
Dominated the banking industry
J.P. Morgan
When the government takes a hands-off approach to dealing with business.
Laissez-faire
A person who did not like immigrants and supported the Chinese Exclusion Act
A nativist
A dangerous, overcrowded working location for many new immigrants
Sweat shop
When multiple companies combine under a single board of directors.
A trust
Dominated the railroad industry
Cornelius Vanderbilt
Nickname for the time period when a few wealthy families masked the poverty of everyone else
The Gilded Age
The process of blending or absorbing a new culture
Assimilation
"Little Italy" and "Little Havana" are parts of a city where immigrants would settle with family and others from their original country
Ethnic Neighborhoods