How did the Gilded Age get its name?
Life looked "golden" on the surface, but there were serious problems below the surface.
Some people called men like Rockefeller and Carnegie this term because they used ruthless business tactics to crush competition.
Robber barons
The term that means using children for labor in factories, especially during the Gilded Age.
What term means to change for the better.
Reform
Name any three important industries that developed during the Gilded Age and contributed to the economic growth of the U.S.
Steel, oil, railroads, mining, textiles, banking.
This term describes when one company gains total control over a product or service, eliminating competition.
Monopoly
These organizations fought for fair pay, shorter hours, and safer conditions despite facing government opposition.
Labor unions
tenement
Name two innovations or inventions that improved life during the Gilded Age.
Steel led to more railroads and skyscrapers.
Transcontinental railroad
The telephone contributed to increased communication.
The lightbulb created safer lighting for buildings.
This businessman made his fortune in the steel industry and later donated much of his fortune to libraries and universities.
Andrew Carnegie
Workers who went on strike during this time were often met with these types of responses from employers or the government.
Violence, often including troops or police.
A monopoly that controls the goods and services, to reduce competition.
trust
Name three major problems for workers during the Gilded Aged.
12-16 hour work days
Poor wages
Unsafe working conditions
Harsh child labor
This oil tycoon created the Standard Oil Company and used trusts to control the oil industry.
John D. Rockefeller
This tragic 1911 event in New York City revealed the dangers of factory work and led to public demands for reform.
Triangle Shirtwaist Factory fire
The development of industries that produce goods in factories.
industrialization
What is a monopoly that controls a market called?
trust
This type of integration involved controlling all steps of production, from raw materials to finished products.
Vertical integration
This 1894 event was when railroad workers in Chicago went on strike after wage cuts. The strike spread nationwide, and federal troops were sent in, leading to violence and deaths.
Pullman Strike
The formation of labor unions during the 1880s for workers to receive better treatment.
labor movement