Economic Systems Emerge
This economic system in the U.S. comes from the want for private ownership, and the pursuit of profit.
What is capitalism?
This new machine, powered by steam helped transportation and factory production in the 1800s.
What is the steam engine?
The rapid growth of cities in the 1800s led to the development of these poor and overcrowded neighborhoods.
What are slums or tenements?
When workers refuse to work and demand better conditions, it's called this.
What is a strike?
Workers formed these groups to collectively bargain for better pay and safer working conditions.
What are labor unions?
This economic system advocates for government or collective ownership of factories and resources to promote equality.
What is socialism?
Growing factories led to this new system of production, goods were made efficiently using specialized labor and machines.
What is the factory system?
The Industrial Revolution saw the rise of this new social class of factory owners, merchants, and other wealthy individuals.
What is the industrial middle class or bourgeoisie?
This 1886 Chicago protest turned violent after a bomb was thrown, leading to a backlash against the labor movement.
What was the Haymarket Affair?
In the early 1800s, many craft workers organized into these associations to protect their skills and wages.
What are guilds or craft unions?
This radical form of socialism envisions a classless society with communal ownership.
What is communism?
Eli Whitney's invention of this machine increased cotton production like crazy in the south and unfortunately strengthened slavery.
What is the cotton gin?
Overcrowding and inadequate sanitation were major problems associated with this rapid growth of cities.
What is urbanization?
This nationwide strike in 1894, led by Eugene V. Debs involved railway workers and highlighted the power of organized labor.
What was the Pullman Strike?
These early laws in Britain and the U.S. were ment to stop workers from forming unions.
What are anti-combination laws?
We have this type of economy today, blending private branding with government regulation and social programs.
What is a mixed economy?
As people moved to cities from farms for factory work, this led to overpopulation and the growth of urban centers.
What is urbanization?
In response to the social problems of industrialization various movements arose to address issues like poverty and child labor.
What are social reform movements?
Companies often hired these replacement workers to keep factories running during a strike.
What are strikebreakers or scabs?
This person was an early activist who wanted to create communities where workers would share the money they made and have better lives.
Who was Robert Owen?
This early economic theory emphasized government control of trade to increase the nation's wealth, influencing colonial policies.
What is mercantilism?
This economic idea supported by Adam Smith argued that the government should generally stay out of the economy.
What is laissez-faire capitalism?
This term describes the shift in society from an agricultural economy to one based on manufacturing and industry.
What is industrialization?
This major strike in 1877, involving railroad workers protesting wage cuts, spread across several states and involved federal troops.
What was the Great Railroad Strike of 1877?
Before unions were popular workers often formed local groups to support each other in times of need like being sick or unemployed
What are mutual aid societies?