Describe Laissez faire and why big business supports it
A policy or attitude of letting things take their own course, without interfering
Government was absent and didn’t interfere in the workings of the free market
Free market = no government regulated prices for products and zero intervention in the trade world
Big business owners encouraged a Laissez Faire government so they can make their own (unfair) regulations
How are monopolies and trusts dangerous to Average Americans (Consumers)?
Monopolies are when one company dominates another, like buying them out, and this is bad for the average consumer because after that company buys another, they shut it down, so it's harder to buy i.e., steel because there are only a couple places to buy them in a city.
What is laissez Faire? (You need to know more than just “Lazy Government”)
Laissez-faire a policy or attitude of letting things take their own course without interfering.
Negatives of child labor during the industrial revolution
Children had to wake up early and not be able to go to school and learn
Where children worked were dangerous, and kids had the risk of losing limbs and possibly death
Kids worked in mines, factories, steel factories, metals factories, ETC
How did big businesses embrace/practice the idea of Social Darwinism?
Big businesses practiced the ideas of Social Darwinism by adapting to new competition and changing their products depending on what the people wanted.
What are the positives and negatives of Laissez-faire?
Positives
It can encourage people to be more creative
Negatives
there were no laws of minimum wage, business owners could make their own unfair laws
Describe urbanizaitons
The process of moving from small areas (farmland) to cities
The process of making something more urban and city like
Most people came for jobs but couldn’t find a place to live.
What did Andrew Carnegie believe about the role millionaires in society?
Andrew Carnegie believed that millionaires could give happiness to other people and their wealth can help them stand out more and be more “famous”
What is a Robber Barron? How are Robber Barron’s and Captains of Industry different?
A Robber Barron is someone who becomes rich through ruthless business practices. While a Captain of Industry benefits society, a Robber Barron could do the opposite by underpaying workers and creating an unsafe work environment.
what are the positives and negatives of immigrations
Positives
More jobs and More inventions were made.
Negatives
Not enough space, higher rates of crime, disease had higher rate of spreading, More pollutions, life was depressing and bad
What is Urbanization?
Urbanization is when large groups of people become permanently concentrated in an area, forming cities.
How does Industrialization lead to Urbanization and Immigration?
They lead to immigration because people now want to move to big cities to find jobs and try to make more money.
Companies wanted to be the best and most popular, so companies and worked extra hard to produce their products which meant I.e.,
What are the Positives and Negatives of Urbanization?
Positives
More inventions and more factories/ jobs
Negatives
Many people lived in tenements, Higher crime rates, disease
What is a tenement?
Worst Apartments, worst light, and worst air flow