Legislation
Homestead Act
The separation of tasks with the goal of increasing worker production to increase profits.
The term used to suggest a glittering later of prosperity that covered the poverty and corruption of much of society.
Gilded (or Gilded Age)
Events and conditions that attract people to move to a new place are called:
Pull Factors
Piece of legislation passed by Congress that outlawed trusts and any combination of companies that restrained the interstate trade or commerce.
Sherman Antitrust Act
The decline in working conditions can be attributed to these TWO reasons.
1. High Profits
2. Efficiency
The four "Captains of Industry" or "Robber Barons"
1. Andrew Carnegie
2. John D. Rockefeller
3. Cornelius Vanderbilt
4. J.P. Morgan
Events and conditions that force people to move elsewhere are called:
Push Factors
Federal legislation passed in 1882 that responded to the demands of labor unions, which prohibited Chinese laborers from entering the United States.
Chinese Exclusion Act
Gaining control of many different businesses that make up all phases of a product's development is known as:
vertical consolidation (or vertical integration)
Written by Andrew Carnegie. Promoted the idea that wealthy individuals should use their wealth for social betterment.
Gospel of Wealth
The transitionary period in United States history in which goods were manufactured by machine rather than hand is known as:
The Industrial Revolution
Piece of federal legislation that divided reservation land into individual plots.
Dawes Act
The bringing together of many firms in the same business is known as:
Horizontal Consolidation (or horizontal integration)
Government response to labor strikes and who did the government show their support for?
Sent in federal troops.... BUSINESSES
Farms in which operations were controlled by large businesses and managed by professionals are known as:
Bonanza farms
Federal legislation that gave large land grants to the Union Pacific and Central Pacific railroads. This land was used to build the Transcontinental Railroad.
Pacific Railway Acts
When a company gains complete control of the market for a particular product or service. This is known as:
Monopoly
The four main labor strikes:
Great Railroad Strike (1877)
Haymarket Square Riot (1886)
Homestead Strike (1892)
Pullman Strike (1894)
Unofficial city organizations designed to keep a particular party or group in power and usually headed by a single powerful "boss".
Political Machines