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Industrial Growth

Key Terms to help with Louisiana EOC

TermDefinition
telegraph an invention credited to Samuel Morse that helped increase communication
telephone Alexander Graham Bell invented this device which increased communication
light bulb invented by Thomas Edison and had a great impact because it allowed factories to stay open after dark and increased the rate of production
canals human constructed waterways that helped improve water travel and expanded the U.S. economy
railroads contributed to industrial growth by allowing producers to ship goods across the country cheaper, faster, and more efficiently
internal combustion engine unlike earlier engines that relied on steam power, it relied on the combustion of a fossil fuel like gasoline and led to the invention of the automobile
Henry Ford did not invent the automobile, but was the first to perfect it and successfully market and mass produce it
Model T. Henry Ford's first mass produced automobile
Ellis Island became a reception center for poor immigrants entering the United States during the late 19th and early 20th centuries
melting pot referred to the fact that many envisioned the United States as a place where people of all backgrounds and from all countries could be assimilated into American culture
cultural pluralism refers to the presence and influence of many cultures within one society
ethnic ghettos poor inner city neighborhoods where poor immigrants lived
push factors factors that encourage people to leave an area
pull factors factors that encourage people to immigrate or migrate to an area
tenements overcrowded, unsanitary, one room apartments where poor immigrants lived
sweatshops makeshift factories set up in small apartments by subcontractors who were hired by factory owners to help with production that were usually unsafe and often employed poor immigrants
Bessemer process new method for producing steel that was faster and more efficient and greatly increased the rate of steel production
Andrew Carnegie a businessman who grew to dominate the steel industry
monopoly occurs when a company gains exclusive control over the supply of a particular product, eliminating competition
John D. Rockefeller businessman who grew to dominate the oil industry and established the nation's first trust
Standard Oil John D. Rockefeller's company and the nation's first trust
trust an arrangement in which a number of businesses unite under one system, basically forming a monopoly
Cornelius Vanderbilt a businessman who greatly impacted the railroad industry
J.P. Morgan finance capitalist who grew to control several banks, insurance companies, and stock markets; he eventually bought Carnegie's company for a price that made Carnegie the richest man in the world
George Westinghouse invented a transformer that increased access to electrical power
political machines unofficial and often corrupt entities that worked to keep a certain party or certain officials in political office
Boss William Tweed notorious boss over New York's political machine, Tammany Hall
Tammany Hall the corrupt political club/machine that controlled New York City's Democratic Party
Sherman Antitrust Act passed in 1890 for the purpose of making monopolies illegal
Created by: mbordelon