VOCAB
WHEN A COMPANY OWNS ALL THE LEVELS/STEPS INVOLVED IN THE PRODUCTION AND TRANSPORT OF A PRODUCT.
WHAT IS VERTICAL INTERGRATION?
DAILY DOUBLE
WHICH GREAT INDUSTRIALIST USED THIS MODEL?
____________ CONNECTED THE EAST COAST TO THE WEST COAST.
WHAT IS THE TRANSCONTINENTAL RAILROAD ?
10,000 CHINESE IMMIGRANTS WERE HIRED IN CALIFORNIA TO HELP THIS INDUSTRY.
WHAT IS THE RAILROADS ?
POOLS, TRUSTS & MONOPOLIES ALL WANTED TO ELIMINATE __________.
WHAT IS COMPETITION ?
THE FED GOVT CREATED THE INTERSTATE COMMERCE COMMISION DUE TO THIS SUPREME COURT CASE.
WHAT IS WABASH V ILLINOIS ?
POOLS ARE WHEN COMPANIES AGREE TO KEEP AND SET ________ AT A CERTAIN AMOUNT.
WHAT ARE PRICES ?
HE STARTED A COMMUNICATION REVOLUTION WHEN HE TOOK OUT A PATENT ON THE TELEGRAPH.
WHO IS SAMUEL MORSE?
DAILY DOUBLE DOULBE-
WHAT IS THE LIST OF DASHES AND DOTS CALLED THAT A TELEGRAPH USES?
THIS IS WHAT YOU CALL WORKERS WHO WERE AGAINST ANY FORM OF GOVERMENT.
WHAT ARE ANARCHISTS ?
SUPPORTERS OF LAISSEZ-FAIRE CAPITALISM THINK THAT COMBINATIONS & POOLS SHOULD NOT BE STOPPED BY USING THESE.
WHAT ARE
POLITICAL LEGISLATIONS
OR ACTS ?
DAILY DOUBLE-NAME ONE THAT THEY WOULD HAVE BEEN AGAINST
SUPPORTERS OF THIS PHILOSOPHY/IDEA BELIEVED THAT THE ONLY THE SMARTEST AND STRONGEST WOULD GET RICH IF THE GOVERNMENT DID NOT INTERFERE.
WHAT IS SOCIAL DARWINISM ?
WHEN A SINGLE COMPANY OR INDIVIDUAL CONTROLS AN ENTIRE INDUSTRY.
WHAT IS A MONOPOLY ?
A NEW AGE OF AMERICAN CONSTRUCTION BEGAN AS THIS NEW PROCESS TO MAKE STEEL WAS DEVELOPED.
WHAT IS THE BESSEMER PROCESS?
DAILY DOUBLE
WHO INTRODUCED THIS TO AMERICA?
THE HAYMARKET RIOT HURT THE MEMBERSHIP OF THIS EARLY UNION.
WHO ARE THE KNIGHTS OF LABOR ?
BUSINESS LEADERS DID/USED THIS TO HAVE GREAT INFLUENCE OVER AMERICAN POLITICS.
WHAT IS GIVING MONEY ?
THE FEDERAL GOVERNMENT OFTEN USED FEDERAL TROOPS TO BREAK/END THESE.
WHAT ARE STRIKES ?
THE BELIEF THAT THE GOVERNMENT SHOULD HAVE A HANDS OFF POLICY OVER THE ECONOMY.
WHAT IS LAISSEZ-FAIRE ?
A CONCERN WAS THAT INDUSTRIAL GROWTH LED TO _________ BEING CONCENTRATED IN THE HANDS OF A SMALL # OF INDUSTRIAL LEADERS.
WHAT IS WEALTH/MONEY?
WHAT IS GETTING BIGGER ?
THE GROWTH OF RAILROADS, BRIDGES & BUILDINGS FROM 1885-1895 LED THE _______ INDUSTRY TO BOOM.
WHAT IS STEEL ?
THE ____________ ____________ ACT WAS DESIGNED TO GIVE THE GOV'T THE POWER TO ELIMINATE ABUSES BY THE RAILROAD COMPANIES.
WHAT IS THE INTERSTATE COMMERCE ACT ?
IN A FREE MARKET, SUPPLY AND ___________ SHOULD DETERMINE PRICES.
WHAT IS DEMAND ?
INDUSTRIALIZATION LED TO AN INCREASE IN _______ PER WORKER PER HOUR.
WHAT IS PRODUCTIVITY ?
SOME SHARECROPPERS STARTED OUT AS THIS TYPE OF FARMER AFTER SLAVERY ENDED.
WHAT ARE TENANT FARMERS ?
UNLIKE SMALL BUSINESS, BIG BUSINESS EFFECTED THE PRODUCTION OF GOODS POSITIVELY IN THESE TWO WAYS.
WHAT IS CHEAPER AND MORE EFFICIENT ?
ACCORDING TO THE THEORY OF LAISSEZ-FAIRE CAPITALISM, THIS GROUP WILL MANAGE COMMERCE/BUSINESS BETTER IF THE GOV'T LEAVES THEM ALONE.
WHO ARE THE MERCHANTS ?