Causes
Effects
Urbanization
Monopolies
Vocabulary
100
What government policy (or lack of) contributed to the rapid growth of business?
Laissez-Faire
100
Shift in population from rural to urban areas
Urbanization
100
What is urbanization?
Shift in population from rural to urban areas.
100
What is another name for a monopoly?
Trust
100
Laissez-Faire
Government staying out of business affairs
200
Advancement in transportation?
Railroads
200
People like Boss Tweed who had a lot of political support but were extremely corrupt.
Political machines.
200
What was the cause of urbanization in the late 1800's?
More factory jobs being available in cities.
200
Name an industry during late 1800's that was industrialized.
Oil Steel Railroads
200
Gilded
Nice on the surface but ugly underneath
300
What was the greatest source of cheap labor?
Immigration
300
Widening gap between...
Rich and Poor
300
Besides people who moved from rural areas, where else did people come from that contributed to urbanization?
Immigration
300
What made monopolies illegal in 1890?
Sherman Antitrust Act
300
Monopoly or Trust
When a business or individual control an entire industry or commodity
400
What is the economic system in the United States, that allowed businesses to develop freely?
Capitalism
400
New type of businesses designed for gathering large amounts of capital
Corporations
400
Name a major problem associated with urbanization.
Poverty Tenements Pollution Political Machines
400
What theory did monopolies support in order to operate the way they did?
Social Darwinism
400
Social Darwinism
Doing whatever it takes to survive (People and Businesses)
500
Things that made life easier and more efficient.
Innovations
500
Vanderbilt, Rockefeller, Carnegie
Robber Barons
500
What corrupt organizations developed in cities?
Political Machines
500
What is the purpose of creating a monopoly?
To eliminate competition and have complete control over an industry.
500
Mechanization
Doing work with machinery
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