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Vocabulary
Robber Barrons
Unions
Causes of the 2nd Ind. Rev.
Big Business
100
A method to produce steel efficiently and cheaply. Adopted by Andrew Carnegie
What is The Bessemer Process?
100
Company name and owner name for Oil Industry.
What/ Who is Standard Oil and JD Rockefeller?
100
The typical work day was
What is above 10 hours a day
100
War that left the nation in ruins and in need of materials for restoration.
What is the Civil War?
100
Owning all the companies in an industry.
What is a monopoly?
200
The apple coated in gold.It was appearance vs. reality. Its fake and rotten inside. Mark Twain called it the __________ Age
What is Gilded?
200
Steamboat then railroad giant.
Who is Vanderbilt?
200
Explain the working conditions in a factory
What is poor working conditions, boring and repetitive task, and dangerous?
200
Steel production help build city skylines. What are they called?
What is skyscrapper?
200
A person that starts a business
What is an Entrepreneur?
300
When someone consolidates or or owns all aspects of an industry
What is a Monopoly?
300
Robber Baron dominating the steel industry.
Who is Carnegie?
300
Explain the Jobs held by children
What is textile mills, coal mines, children used to clean or fix machines since they were small enough to fit between parts?
300
Their presence created a ready work force for factories.
Who are immigrants?
300
One or two companies join together. THE WORD... think Horizontal Integration
What is a merge?
400
Federal Law that prohibited unfair practice by railroads.
What Interstate Commerce Act?
400
Robber Baron controlling finance.
Who is JP Morgan?
400
This union formed in 1869 hoping to create a single national union by joining together all skilled and unskilled workers. They demanded the 8-hour work day, higher wages, safety codes.
What are The Knights of Labor?
400
These _________ (iron, ore, coal, and oil) helped fuel the industrial revolution.
What are natural resources?
400
A corporation issues shares to investors, also known as "_______" DOUBLE POINT QUESTION!
What is a stock?
500
An economic system in which individuals own and operate the majority of businesses that provide goods and services. Competition, supply, and demand determine which goods and services are produced, how they are produced, and how they are distributed. (US, Canada, Japan, and Australia)
What is Free enterprise?
500
Famous for having a "bookkeeper's mind [that] only seemed interested in money and profits but not people."
Who is Rockefeller?
500
Union Founded in 1869 hoping to create a powerful union by uniting workers with similar economic interest and consisted of separate unions of skilled workers only
What is AFL/ American Federal of Labor?
500
The philosophy that government should not be involved in private business.
What is Laissez Faire
500
Owning all companies that handle every aspect of making a product from start to finish.
What is Vertical Integration?