Gilded Age Industrialism
This process can lead to monopoly if a company captures the vast majority of the market for that product or service.
What is Horizontal Integration?
He formed the first trust, The Standard Oil Company in 1882.
Who is John D. Rockefeller?
Thomas Edison
Name one of the 5 reasons for imperialism
Military, Political, Techonology, economic, religious
Which city becomes the most populated in the world during the Gilded Age?
New York City, NY
This started with raw materials to transportation, manufacturing, and distribution, the company controls every aspect of its economic process.
What is Vertical Integration?
The leader of the US steel industry. His company becomes one of the first monopolies in the US.
Andrew Carnegie
What invention led to the ability to transport good all over the country efficiently?
Transcontinental railroad
The United States expands to one of these places which become two future states
Alaska and Hawaii
Describe in detail the living conditions of the poor areas of large cities:
Cramped, dirty, no sanitation or plumbing. Large families living in one bedroom tenements.
A partnership between corporations to manage combined stocks
Trust
This person bought Carnegie Steel for around $480 million dollars, making Andrew Carnegie one of the richest men in the world.
Who is J.P. Morgan?
Telephone
Which Continent experience more imperialism than any other in the world during the gilded age?
Africa
Which novel and movie was written about the gilded age and the vast wealth in America during this time period?
The Great Gatsby
Who becomes the worlds largest producer of steel and oil in the 1900's?
USA
American business magnate who built his wealth in railroads and shipping
Who is Cornelius Vanderbilt?
Which invention leads the way for us to begin recording sound and playing sound on things such as records and eventually putting audio on files on a comuter
Explain Economic reasons for imperialism
A stronger nation expanding itself economically to gain whatever resources they find valuable to continue to grow their footprint in the world and increase trade networks.
What is the name of the photographer who captured the images of the filth and despair of living conditions in US slums and ghettos?
Jacob Riis
What type of economy does the United States use?
Free Market/Capitalist
This person wrote famous books during The Gilded Age with characters named Tom and Huckleberry
Who is Mark Twain?
This person creates the idea behind the assembly line and mass production of things like the automobile
Henry Ford
Which European nation had the largest control in Africa?
France
What was a main motivation for people to move from farms to the city?
Steady jobs, pay increase, convenience, etc..