Ch.3: IIU
One company that controls an entire industry.
What is a monopoly?
This allows a large number of products to be made faster and more efficiently.
What is mass production?
He is credited with the invention of the telephone.
Who is Alexander Graham Bell?
It prevents the manufacture, sale, and transportation of adulterated or misbranded or poisonous foods, medicine, and drinks.
What is the Pure Food and Drug Act?
Requires meat processing facilities to be very clean with inspectors coming to check facilities.
What is the Meat Inspection Act?
An economic system based on supply and demand with companies making decisions about production.
What is capitalism?
This is how much consumers want a product.
What is demand?
He invented an incandescent light bulb that lasted 1,200 hours.
Who was Thomas Edison?
Journalists who expose the ills of society.
What are muckrakers?
He wrote The Jungle about the conditions of the meatpacking industry.
Who is Upton Sinclair?
The movement of people from rural areas into cities often motivated by economic opportunities.
What is urbanization?
The amount of a product.
What is supply?
A political stance that elevates the working people over elites.
What is populism?
Roosevelt's plan to protect consumers, control corporations, and conserve natural resources.
What is the Square Deal?
She exposed the corrupt business practices of Standard Oil.
Who is Ida Tarbell?
The process of one company controlling all stages of production.
What is vertical integration?
It halted immigration from China for 10 years and made citizenship ineligible for Chinese immigrants.
What is the Chinese Exclusion Act?
U.S. senators would be elected by state citizens rather than chosen by state legislatures.
What is the 17th amendment?
They were often dangerous, overcrowded with low pay and long hours.
What were working conditions like in the Industrial Era?
He published How the Other Half Lives to show living conditions in tenements in New York.
Who is Jacob Riis?
The practice of one company controlling an entire stage of production.
What is horizontal integration?
Owner of Standard Oil and used vertical integration for the production of oil.
Who is John D. Rockefeller?
A tax based on income that increases with the more money you make.
What is graduated income tax?
Prohibited trusts in companies.
What are the Sherman/Clayton Antitrust Acts?
What is laissez-faire capitalism?