Big Business
What is the name of a company that sells portions of itself called stocks?
Corporations
Who invented the telephone?
Alexander Graham Bell
define Push-Pull Factor.
When someone is "pushed" out of their home country because of famine or persecution. and when someone is "pulled" into another country because of better opportunities.
What town did the Transcontinental railroad connect in?
Promontory Point, Utah
Define Union-
Union: A group of people that come together and fight for improvements in the workplace.
Define Monopoly-
Whenever you own all of one product or service
What was one of the biggest developments of this era?
electricity
What was the benefit of hiring Immigrants?
More work for less pay
Which two companies were tasked with completing the transcontinental railroad?
Union Pacific and Central Pacific
Unions would come together to organize __________ against their employers companies.
Strikes
What are Pros and Cons of Big Business?
Pros: More efficient leading to lower prices.
Hire Large numbers of workers.
Produces goods in large quantities.
Cons: Unfair competitive advantage
Exploited workers
Unfair influence on the Government
Which two inventions led demand for Oil to skyrocket?
Kerosene and Internal combustion Engine
Who were Nativists and why did they fear New Immigrants?
Nativists were native born Americans that feared Immigrants would disrupt American way of life.
They thought new Immigrants would take their jobs.
Which ethnicities were the majority of Railroad workers?
Irish and Chinese
Why did the Workers at Andrew Carnegie's Homestead Steel Mill go on strike?
They went on strike because their wages were being cut and their working hours were staying the same or increasing.
This man created a monopoly in the Oil Business and became the richest man In America.
John D. Rockefeller
What process did Andrew Carnegie use in his steel mills to get rich?
Bessemer Process
What is an Ethnic Enclave
A place in the United States where all of one ethnic group lives. Example China town
How did the Transcontinental Railroad make the Railroad industry one of the most powerful in the country
Allowed people and products to be shipped across the country faster than ever before
This event in 1886 emphasized the violence that had become associated with Union strikes
Haymarket affair
He created a steel empire in Pittsburg, PA by purchasing iron ore mines, coal mines, and ships for all phases of production.
Andrew Carnegie
What did each of these men invent
Elisha Otis
Christopher Sholes
Elias Howe
Passenger Elevator
Typewriter
Sewing Machine
How many immigrants came to America in the 1880s
5 Million
What did the interstate commerce act do
Prohibited unfair practices by railroad companies
What did the Sherman-anti trust act aim at doing?
Federal law aimed at stopping monopolies and trust from engaging in unfair practices