Industrialization/Big Business
the complete control of an industry or the market for a service or product
monopoly
What industry did Andrew Carnegie have a monopoly in?
Steel
groups of workers who band together to achieve better pay, safer working conditions, and other benefits
Labor Union
Immigrants who were processed in New York City came through which processing center
an effort to immerse immigrants in what some people defined as American culture and transform them into "true" Americans
Americanization
Name an invention that helped businesses grow in the late 1800s
Examples can include: Electric light bulb, compressed air-brake system, telephone, Bessemer process, Pullman sleeping car
What industry did JP Morgan have a monopoly in?
Banking/Finance
Name 2 characteristics of the working conditions during the Gilded Age
Examples include: dangerous work in factories, use of child labor, long work hours (12 hrs/6 days a week), low wages
Between 1880 and 1920 the majority of "new" immigrants to the United States came from...
Southern & Eastern Europe
a large building that rents rooms and apartments, and which is usually overcrowded and badly maintained
tenement
a policy that calls for less government involvement in economic affairs, so that businesses choose how they will operate, with little or no oversight
laissez-faire economics
What industry did John D. Rockefeller have a monopoly in?
Oil
a violent confrontation between workers and police on May 4, 1886, which began as a protest against police conduct during a strike at a factory of the McCormick Company in Chicago, Illinois
Haymarket Riot
Immigrants who were processed in San Francisco came through which processing center
Angel Island
someone who opposes immigration and wants to protect the interests of the native-born Americans
Nativist
purchasing other companies that offer the same goods and services in order to reduce the number of competitors and achieve control within an industry - (Rockefeller used this)
Horizontal Integration
What industry did Cornelius Vanderbilt have a monopoly in?
Railroad
Why did Andrew Carnegie's steel workers at the Homestead Steel Mill in Pennsylvania go on strike in 1892 (known as the Homestead Strike)?
Carnegie and his manager Henry Frick wanted to cut wages while demanding higher working hours and increase steel production
This piece of legislation was the first federal ban of a certain nationality immigrating to America
What did nativists fear that immigrants coming to America would do?
Examples include: Drive working wages down, Bring unwanted diseases and criminal activity to American cities, Take jobs from American workers
a procedure in which a company takes control of all phases of production from start to finish (Carnegie used this)
Vertical Integration
How did consumers suffer from monopolies (think of Robber Baron business practices)
Consumers would have to pay high prices due to lack of competition
How did Pullman factory workers, who manufactured railroad cars, carry out their strike in 1894?
Laborers on strike obstructed railroad tracks preventing the transportation of goods and affecting nearly all of America
As immigrants settled in cities, what neighborhoods did they live in? AND give an example of one.
Ethnic Enclaves; Chinatown, Little Italy,
Danish immigrant who exposed the difficulties of industrial America such as the way poor immigrants lived in tenement slums in cities
Jacob Riis