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Big Business/Growth
Rise of Big Business and Growth of Industry
| Question | Answer |
|---|---|
| What are the factors that led to the rise of Business? | • National markets created by transportation advances • Captains of industry ) • Advertising • Lower-cost production |
| What factors led to the growth of Industry? | Factors that resulted in growth of industry • Access to raw materials and energy • Availability of work force due to immigration • Inventions • Financial resources |
| Who was the captain of the Auto Industry? | Henry Ford |
| Who was the captain of the Steel Industry? | Andrew Carnegie |
| Who was the captain of the Oil Industry? | John D. Rockefeller |
| Who was the captain of the shipping and Railroad Industry? | Cornelius Vanderbilt |
| What were some of the first Big Businesses? | Oil, Steel, Railroads |
| How did life on farms change after the Civil War? | Mechanization (e.g., the reaper) reduced farm labor needs and increased production. .Industrialization provided new access to consumer goods |
| How did life in cities change after the Civil War? | Increased Big Business and Growth of Industries led to increased need for workers. |
| What were some of the problems of society during the Industrialization Era? | Child Labor Unsafe Working Conditions Long Hours - Low Pay |
| How did workers respond to the problems in the work area? | Formed Unions to address the problems |
| What was one method Unions used to get better pay, and working conditions? | Strikes |
| What is the one Strike we talked about in class? | The Homestead Strike |
| Which Industry did the Homestead Strike protest against? | Steel |
| Was the Homestead Strike successful or unsuccessful? | Unsuccessful |
| Define Business | An ongoing organization with the purpose to make money |
| Define Industry | A collection of All business that do the same work |
| Who was Jacob Riis? | A muckraker who wrote "How the Other Half Lives" |
| Define a Muckraker | Someone who writes about the problems of society so that society can correct them. |
| Which amendment gave women the right to vote? | 19th |
| Which amendment outlawed the right to manufacture, transport, and sell alcohol? | 18th 18th |
| Which amendment repealed the 18th amendment? | 21 st. |
| Why were trusts bad for the US citizens | took away competition in the marketplace |
| Teddy Roosevelt busted what? | trusts. |