Terms
The US did not have to imperialize bc they had a vast amount of....
Natural Resources
The government will not interfere with business...
Laissez-Faire
This man would have used the Bessemer process for his product...
Andrew Carnegie
Nickname for industrialists like Rockefeller and Carnegie...
Robber Barons
Rewarding political supporters with a government job....
Spoils System
What was the biggest reason the US was able to industrialize so quickly?
RR
This protects an inventor's idea from being "ripped" off...
Patent
What was the name of Rockefeller's company?
Standard Oil
This is the practice of an employer owning apartments, stores, etc in the area where their factory is located.
Company Towns
"The Great Compromiser"
Henry Clay
This is the idea that private individuals own businesses in order to make a profit...
Capitalism
This allows for iron to be purified into a lightweight steel used for skyscrapers...
Bessemer Process
This man made secret deals with RR's to ship his product cheaper. He also received rebates from the RR's....
Rockefeller
Early Labor union that took skilled and unskilled workers and ended up failing as a result.
Knights of Labor
Warning to European nations to stay out of the Western Hemisphere...
Monroe Doctrine
These people fueled industrialization by creating businesses that created jobs...
Entrepreneurs
This is when businesses that make the same product limit the amount of goods on the market to drive prices up...
Cartels
philanthropists
Successful labor union that only took skilled workers led by Samuel Gompers.
AFL (American Federation of Labor)
Idea passed in the House of Representatives that any land taken from Mexico should be free...
Wilmot Proviso
This man came up with the telephone....
Alexander Graham Bell
This is where a business owns all the phases that make up a products development. Carnegie came up with this...
Vertical Integration
Both Rockefeller and Carnegie justified being ultra wealthy because of this philosophy...
Social Darwinism
First government agency in America to regulate business (RR).
ICC (Interstate Commerce Commission)
Name of the president that annexed Texas and also acquired part of the Oregon Territory....
James K. Polk