Economic Disparities
How was the Gilded Age a time of economic disparity?
The unequal distribution of wealth remained high during this period.
Who used elephants to prove the safety of a bridge he build?
Carnegie
Why were monopolies a problem in the Gilded Age?
Used their power to corrupt the economy and politics.
How did the Gilded Age's top 1 percent thrive on corruption?
Vast corporate wealth and a fee-based governance structure.
What was the nickname that made fun of the Industrial Workers of the World? IWW
I Won't Work
What is one example of inequality in the Gilded Age?
Economic insecurity or downright poverty.
Examples of Big Business in the Gilded Age.
Railroad, oil, banking, timber, sugar, liquor, meatpacking, steel, mining, tobacco, or textile industries.
Who owned a monopoly in the Gilded Age?
JP Morgan, Cornelius Vanderbilt, John D. Rockefeller, and Andrew Carnegie.
What was wrong with the government during the Gilded Age?
Scandal and corruption.
What major union limited their membership to skilled white males?
American Federation of Labor
Definition of economic disparities.
The unequal distribution of income or wealth in a society.
Definition big business.
An economic group consisting of large profit-making corporations especially with regard to their influence on social or political policy.
Definition of monopolies.
Large companies that controlled an industry or a sector, giving them the ability to control the prices of the goods and services they provided.
Definition of corruption.
Dishonest or fraudulent conduct by those in power, typically involving bribery.
What is the difference between a skilled and unskilled worker?
Skilled = training
Unskilled = no formal training
Why was there economic disparities during the Gilded Age?
The extreme supply of labor and corruption in business and goverment
Who made inadequate repairs to a dam that resulted in a devastating flood?
Frick
Who coined the term The Gilded Age
Mark Twain and Charles Dudley Warner in their book The Gilded Age : A Tale of Today
How was the Gilded Age characterized?
Political corruption and greed.
Which union created Labor Day in 1894?
AFL
American Federation of Labor
What does the name the Gilded Age represent?
Something golden and nice on the surface but worthless and invaluable underneath
Who hired immigrants but gave them the worst jobs? He also insisted they give up their culture and become Americanized
Henry Ford
The great monopolies of the Gilded Age.
Rockefeller's Standard Oil, the sugar trust, the financial and railroad interests.
The cause of political corruption in the Gilded Age?
The spoils system offered government jobs and contracts in exchange for political support.
What union was open to both skilled and unskilled workers as well as women and minorities?
Knights of Labor