The Rise of Industry
What is the Northeast?
The first Pacific Railway Act was started by which President?
Who is Abraham Lincoln?
This phenomenon occurred between 1865 and 1897, when there was a rise of the value of money: the opposite of inflation.
What is deflation?
Located in the New York Harbor, this specific location was home to the largest immigration processing center for the majority of the immigrants arriving on the East Coast after 1892.
This philosophy, coming from the French word for "leave alone" or "let it happen," is the idea that the government should NOT interfere with the economy.
What is laissez-faire?
To make rail service more reliable and safe, in 1883, the American Railway Association, divided the continental United States into 4 of these.
What are time zones?
What is a fixed cost?
This type of union was the most successful in the late 1800s because it was made up of skilled laborers, which companies needed because of their specific skills.
What are trade unions? What is a trade union?
Most immigrants crossing the Atlantic booked this type of passage in ships, which was the most basic and cheapest accommodations possible.
What is steerage?
People who risk capital to start a business are known as this term.
What is entrepreneur?
The federal government helped to subsidize the cost of building the railroads by giving the railroad companies these to sell.
What are land grants?
The Bessemer Process introduced to Andrew Carnegie in Europe by Sir Henry Bessemer made producing this resource cheaply and efficiently.
What is steel?
Unions and strikes were viewed negatively in the late 1800s partially due to this influential European philosophy, which argued that the basic class struggle between workers and owners would eventually end with workers revolting and seizing the means of production (the factories).
The majority of people living in the Lower East Side of New York in the late 1800s were a part of this ethnic group.
What are Jewish people? What is Jewish?
This chemical, made from petroleum, was used in lanterns and stoves, and basically created the American oil industry due to its high demand.
What is kerosene?
Who is Cornelius Vanderbilt?
When a company owns all of the different businesses that it depends on for its operation, it is doing this.
What is vertical integration?
This was the first nationwide industrial union formed in the United States in the late 1800s, which advocated for an 8 hour workday, equal pay, and the end to child labor. It eventually dwindled due to scandals such as the Haymarket Riot.
What is the Knights of Labor?
This term refers to an extreme dislike for immigrants by native-born people and a desire to limit immigration.
What is Nativism?
The first oil well was drilled in Titusville, PA in 1859 by this man.
Who is Edwin Drake?
Perhaps the most famous scandal that exposed the corruption in the railroad industry occurred in 1872 when letters were published in the New York Sun involving investors of the Union Pacific and this construction company, for which the scandal is also named.
What is Credit Mobilier?
Corporations achieve this type of saving or cost advantage when they are able to produce many goods cheaply.
What is economies of scale?
This process was supported by early Unions. It involves the use of an objective third party to help workers and management reach an agreement on issues.
What is arbitration?
Congress passed this act in 1882, making it the first federal law explicitly prohibiting an ethnic group from entering the United States.
What is the Chinese Exclusion Act?