Rise of The Industry
Labor / Urbanization
Roaring Twenties
Great Depression
100
What is free enterprise? (aka capitalism)
Individuals are able to buy and sell goods and labor within a market - and compete against each other
100
What is a labor union?
A group of workers united in negotiating for better working conditions, benefits, and/or pay - utilize strikes and campaigns to demand better conditions
100
What did the roaring 20s create?
Major economic prosperity (points if you add over production or great depression)
100
What was the Great Depression?
Mass unemployment - Time of economic hardship
150
What was the "Progressive Era?" (During the Gilded Age) What were the 3 forms of progress occurring?
Technological progress - after the second industrial revolution
Economic progress - workers organizing for better wages , and breaking up monopolies
Social progress - minorities were struggling to push for social progress within the US
150
What is Social Darwinism ?
"Survival of the fittest" argued that the wealthy and powerful deserved their power and status while the poor and vulnerable deserve to be poor -
argued against socialism, communism, welfare, and labor unions.
150
Why did the roaring 20s happen?
Post WWI economic boom in the United States (Europe demolished no competition)
150
What was a Hooverville? who was it named after?
Homeless encampments that were named after president Herbert Hoover
200
Why was the 1860s-1890s referred to as the Gilded Age?
America seemed wealthy on the surface but in reality it had mass poverty and political corruption
200
What is Communism?
The ideology that workers (the proletariat) around the world should violently overthrow capitalists (the bourgeoisie) to make a "classless society" (everyone is a worker - labor is not a commodity)
200
What was the "red scare" ?
The fear and hatred of communism in the United States - resulted in mass deportations of immigrants associated with communism
200
What president was responsible for getting the United States out of the Great Depression?
Frederick Delano Roosevelt (FDR)
250
Famous oil tycoon (monopolist) and first ever Billionaire
John D Rockefeller
250
What is a monopoly? What happens to the price of goods when there is a monopoly?
When an individual (or company) owns an entire industry with no competition. When there's a monopoly the prices of goods increases.
250
What black intellectual argued for the creation of black owned businesses and the support for black entrepreneurs to elevate their economic status?
Booker T Washington
250
How was FDR different than Hoover? How was government changed by FDR?
Hoover believed in a hands off approach to the great depression - arguing people needed to take care of themselves - FDR used the government to create jobs for unemployed people and provide relief
300
What does this cartoon argue about the second industrial revolution?
It created monopolies that negatively affected the lives of Americans
300
What were 2 major things the labor movement achieved?
Abolishing child labor , and creating the 8 hour work day
300
What was the name of the black intellectual who argued for changing the laws to fight racial oppression in the United States? Founded the NAACP
W E B Du Boise
300
What countries suffered the most during the Great Depression?
European countries - this + the Treaty of Versailles led to the cause of WWII
350
What is a Robber Barron?
A person who owns a business and uses unethical practices to get richer (strike breaking, intimidation, wage theft, unsafe work conditions)
350
What does this cartoon depict? What is a trust in economics?
This cartoon depicts progressive president Teddy Roosevelt - "defeating" trusts. (Sherman Anti Trust Act)
A trust is like a monopoly - but instead of one company owning an entire industry - multiple companies who "compete" in an industry are owned by the same shareholders / board of directors.
350
What black intellectual attempted to start a pilgrimage to bring African Americans to Africa - and argued for black militancy and black pride?
(The black power movement leaders like Malcolm X were heavily influenced by him) (Jamaican American figure)
Marcus Garvey
350
What was the NRA?
National Recovery Act - attempted to regulate wages and prices during the Great Depression (was deemed unconstitutional and failed)
400
What did Henry D Flagler's corporation do for Florida?
Build railroads from North to South Florida
400
What did the Homestead strike 1892 and Pullman strike 1894 do?
Major victory for workers - better working conditions
400
What does this picture depict and why was it controversial?
Teapot Dome Scandal - US department of interior (national parks) attempted to buy and sell oil off of protected land (political corruption)
400
What major scandal occurred in FDR'S administration?
Court Packing - FDR attempted (failed) to put more judges in the supreme court
450
What was the Sherman Anti Trust Act?
Broke up monopolies - was pushed by labor unions and progressives
450
What started the Haymarket riot?
A strike in New York was interrupted by a bomb - police reacted and suppressed workers violently
450
The Kellog Briand Pact demanded what after WWI?
De mobilization - countries stopped creating weapons
450
What is this cartoon depicting?
The various New Deal policies being made during the Great Depression