Railroads
This railroad linked the Eastern half of the USA with the West. It was finished at Promontory Point
The Transcontinental Railroad
This is the idea that the government should not interfere with the economy. It literally means "leave it be"
Laissez-faire
A labor union is...
A group of workers who organize in order to demand better benefits
New technology allowed factories to...
As the nation was industrializing, Congress used tariffs to...
Help American industries compete with European manufacturers
By linking the nation together, railroads helped to increase the size of markets for...
Products
Corporations sell stock in order to...
Raise large amounts of money
This was the first nationwide labor protest in US History, featuring up to 100,000 Railroad workers walking off the job, and widescale rioting an violence in several major cities.
The Great Railroad Strike of 1877
Which invention allowed for increased factory production by extending the hours that factories could work throughout the night? (Thomas Edison Invented this)
The Lightbulb
What incident occurred in 1886 that badly hurt the Knights of Labor's reputation?
The Haymarket Riot
Railroad corporations raised most of the money they needed to build their railroads by....
Selling government land grants
This strategy is what happens when one company buys all of the other companies that engage in the same kind of business
(John D. Rockefeller used this strategy)
Horizontal Integration
What did the President have to do in order to respond to the Great Railroad Strike?
He called in the federal army to shut it down and restore order
Who invented the telephone, which allowed for quicker communication and business coordination?
Alexander Graham Bell
The first leader of the American Federation of Labor, Samuel Gompers, believed that unions should stay out of...
Politics
The Great Northern Railroad became the most successful railroad because of....
The honest business practices of it's owner (J. Hill)
A steel company which owns its own coal mines, limestone quarries, iron ore fields, and transportation companies is an example of....
(Andrew Carnegie used this strategy to become incredibly wealthy)
Vertical Integration
Which idea believes that the workers will one day rise up and seize control of the factories?
Marxism
This man invented the handheld camera
George Eastman
In the Credit Mobilier scandal, Union Pacific investors got rich by...
Overcharging from a construction company that they controlled
Abraham Lincoln signed this law into effect, which kicked off the Railroad boom in 1862
The Pacific Railway Act
What type of business does produce anything by itself (It owns and manages other businesses)
Holding Companies
The 1894 Pullman Strike was halted by....
A court ordered injunction
This man invented the Alternating Current
George Westinghouse
N.W. Ayers and Son developed bold new formats for...
Advertising