Inventors & Inventions
Clue: He was the inventor of the telephone.
Question: Who is Alexander Graham Bell?
Clue: He made his fortune in the steel industry.
Question: Who is Andrew Carnegie?
Clue: An organized association of workers formed to protect their rights and interests concerning wages and benefits.
Question: What is a Labor Union?
Clue: The economic system where trade and industry are controlled by private owners for profit.
Question: What is Capitalism?
Clue: This is non-wage compensation provided to employees, such as health insurance or paid vacation
What is a benefit?
Clue: He perfected the long-lasting incandescent light bulb and invented the phonograph.
Question: Who is Thomas Edison?
Clue: His company, Standard Oil, used horizontal integration to create a monopoly.
Question: Who is John D. Rockefeller?
Clue: He was the leader of the Knights of Labor, an early national labor union.
Question: Who is Terrance Powderly?
Clue: The exclusive control of a commodity or service in a particular market, making it possible to manipulate prices.
Question: What is a monopoly?
This critical term portrays industrialists as cruel businessmen who exploited workers and destroyed competition.
What is a Robber Baron?
Clue: He invented the telegraph and developed a code to go with it.
Question: Who is Samuel Morse?
Clue: An investment banker, he made his fortune in finance and later purchased Carnegie Steel.
Question: Who is J.P. Morgan?
Clue: This Chicago event began as a peaceful protest but led to the public associating unions with violence and anarchism.
Question: What was the Haymarket Riot?
Clue: A "hands-off" approach, this economic philosophy opposes government interference in business
Question: What is Laissez-Faire?
Business owners could increase profits by paying this group very low wages for long hours in dangerous conditions
Who were immigrants?
Clue: He developed the first inexpensive industrial process for the mass production of steel.
Question: Who is Henry Bessemer?
Clue: This is the praiseworthy term for industrialists, describing them as brilliant businessmen who spurred economic growth and created jobs.
Question: What is a Titan of Industry?
Clue: A process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions.
Question: What is Collective Bargaining?
Clue: Used by Andrew Carnegie, this is the strategy of controlling all phases of production from raw materials to finished products.
Question: What is vertical integration?
This immigrant group faced extreme discrimination, leading to the Chinese Exclusion Act in 1882.
Who were Chinese immigrants?
Clue: Along with inventing the cotton gin, he also developed the concept of interchangeable parts.
Question: Who is Eli Whitney?
Clue: This was Andrew Carnegie's idea that the wealthy have a moral responsibility to use their fortunes for the benefit of society.
Question: What is The Gospel of Wealth?
Clue: The major result of this event was a crushing defeat for the steelworkers' union, demonstrating the power of industrialists.
Question: What was the Homestead Strike?
Clue: This is a group of companies managed by a single board of trustees, allowing them to operate as a single entity to eliminate competition.
Question: What is a trust?
As public anger rose over unfair business practices, the government began to pass regulations like this act to curb the power of monopolies.
What are wage laws, safety standards, and laws that broke apart monopolies and trusts. (GOVERNMENT REGULATIONS)