Not Names
Which two groups were the largest source of urban population during the Gilded Age?
Immigrants and rural-to-urban migrants
Samuel Gompers founded his labor union and charged high membership dues that would be used to…
create strike funds to pay out of work strikers
What is the name used to describe powerful entrepreneurs in a negative fashion highlighting their questionable ethics?
Robber Barons
Which inventor created a wireless telegraph system that would evolve into the radio?
Guglielmo Marconi
Who was the entrepreneur that invented the air brake system for trains as well as technology to send electricity over large distances?
George Westinghouse
What was one major way that horizontal integration helped businesses lower production costs?
Bought up smaller companies/competition
This labor union was founded with the goal of turning capitalism on its head by taking business out of the hands of entrepreneurs and turning them into employee co-ops who reaped all the profit.
The Knights of Labor
What government policy was friendly to big business and offered little to no regulations?
Laissez-faire and free enterprise
Commodore that dominated the steamboat and railroad industry by utilizing horizontal integration
Cornelius Vanderbilt
Started Standard Oil and became one of the richest and most influential people of the day
John D. Rockefeller
How did business leaders in the late 1800s use vertical integration?
They maintained all control of production and distribution of their products
Labor unions were able to improve working conditions through which negotiation tactic?
Collective bargaining
What was one of the reasons business owners generally paid low wages in factories?
To keep costs low and maximize profit
Opened a large store in New York that would sell all sorts of products divided by “departments”
RH Macy
He used a soccer ball and two peach baskets to invent the game of basketball
James Naismith
What was the main reason that labor unions generally formed?
Workers’ desire to improve working conditions and increase wages
As the entertainment industry boomed these family friendly, live action variety shows became popular?
Vaudeville
During the beginning of urbanization many workers rented living space from their employers in areas called what?
Company towns
His elevator innovations led to the ability to build skyscrapers
Elisha Otis
Used a steam engine to drill the world’s the 1st successful oil well
Edwin Drake
What was the main reason why many corporations formed cartels?
Keep prices high
In company towns, workers purchased items from the company store on credit with high interest rates. This created a working environment known as ______________
wage or debt slavery
What was one of the main benefits of the electric streetcar mass transit system?
It allowed for workers to move outside of the urban center
Opened the world’s 1st rollercoaster at his amusement park on Coney Island, New York
Lamarcus Thompson
Greatly improved safety in trains, streetcars, and automobiles by inventing windshield wipers
Mary Anderson