Industry
This is what happens when a single company dominates an industry.
Monopoly
What is the derogatory term of the era for someone who makes their fortune by ruthlessly exploiting their workers and customers?
Robber Baron
He was the inventor of the telephone
Alexander Graham Bell
This was the Railroad that connected the East Coast to the West Coast
The Transcontinental Railroad
A group of workers that join together to fight for better working conditions
A Labor Union
If a company buys out the majority of other companies in their industry it is an example of
Horizontal Integration
This is the positive term for someone who contributed to the growth of America in a good way.
Captain of Industry
An American inventor, known for the lightbulb, the phonograph, and the motion picture camera
Thomas Edison
The Railroads led to the invention and standardization of what major system?
Time Zones
A tactic that companies used to keep employees from facilities
Lockouts
If a company buys every piece of their process to make a product from raw materials to manufacturing and sales, it is an example of?
Vertical Integration
This is a term that is used to describe a group of companies that join together to essentially form a legal monopoly
Trust
He made his fortune through the Oil industry
John D. Rockefeller
Which two major immigrant groups made up the workforce of the Transcontinental Railroad?
The Chinese and the Irish
What did it mean to be part of the 'Blacklist'
It meant to be viewed as a 'troublemaker' by companies who thought they would be union or strike leaders
This is the key term used for how much a country produces for goods and services
Gross National Product (GNP)
A business that is owned by many people but is treated legally as a single person
Corporation
He was the Railroad Tycoon
Cornelius Vanderbilt
These Acts provided government funding for the railroads, Abraham Lincoln was a fan
The Pacific Railroad Acts of 1862
Who was the most famous woman to be part of Union leadership during the Gilded Age?
Mother Jones
What is the economic philosophy that is based on keeping the Government out of the Economy?
Laissez-Faire
This was the most important industry that led to American economic success during the Gilded Age
The Railroads
He made his fortune through Steel
Andrew Carnagie
The Great Northern Railroad was seen as an example set by this man who was the opposite of a Robber Baron
James J. Hill
What was the average hourly wage in 1900?
22 Cents per hour