Big Picture
This term, coined by Mark Twain, describes an era of wealth masking deeper social problems.
What is the Gilded Age?
This process made steel production faster and cheaper.
What is the Bessemer Process?
This strategy involves buying competing companies in the same industry.
What is horizontal integration?
This policy supports minimal government interference in business.
What is laissez-faire?
This issue involved workers being paid very little for long hours.
What are low wages?
This major issue describes a widening gap between wealthy industrialists and poor workers.
What is economic inequality?
This inventor is best known for developing the practical electric light bulb.
Who is Thomas Edison?
This strategy involves controlling all steps of production and distribution.
What is vertical integration?
Under this system, the government allows the free market to operate without regulation.
What is capitalism (laissez-faire capitalism)?
This labor group included both skilled and unskilled workers.
What are the Knights of Labor?
This problem involved widespread bribery and misuse of government power.
What is political corruption?
This industry expanded rapidly and depended heavily on steel production.
What are railroads?
This type of company controls an entire industry with little competition.
What is a monopoly?
This idea suggests competition should determine success in business.
What is Social Darwinism?
This union focused on skilled workers and practical goals like higher wages.
What is the American Federation of Labor?
This term refers to prejudice against immigrants and preference for native-born citizens.
What is nativism?
This industrialist built a steel empire using vertical integration.
Who is Andrew Carnegie?
This law, passed in 1890, aimed to limit monopolies.
What is the Sherman Antitrust Act?
This concept explains why monopolies can control prices and limit competition.
What is lack of competition?
This event began as a protest for an 8-hour workday and turned violent.
What is the Haymarket Riot?
This group faced increasing conflict with the U.S. government due to westward expansion.
Who are Native Americans?
This industrialist dominated the oil industry through consolidation of competitors.
Who is John D. Rockefeller?
This industrialist is most closely associated with horizontal integration.
Who is John D. Rockefeller?
This law was the first federal attempt to regulate big business.
What is the Sherman Antitrust Act?
This strike was caused by wage cuts and high rent in company housing.
What is the Pullman Strike?