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Tribeca Test
Invention, Industrialization, Wealth, and Corruption
Term | Definition |
---|---|
Entrepreneur | organizer and operator of the business. He takes on greater financial risks than normal |
Capital | money or property used in a business; used to build factories, buy raw materials, and hire the employees |
Profit | a financial gain |
The American Dream | the idea that anyone could be financially successful no matter how humble their beginnings |
philantrophist | generous donation of money to good causes. |
Assembly line | introduced by Henry Ford a continuous moving belt carrying parts past workers |
Mass production | manufacturing of large quantities of the same item, need for more unskilled labor |
Working conditions | no programs for the unemployed, high temperatures poisonous gasses |
Company Towns | believed keeping workers healthy and happy would make them more productive |
Labor unions: | a workers organization that would try to obtain better wages and better working conditions |
Knights of Labor: | first influential union in the US goal was to organize all workers supported equal pay for men and women in the same job |
American Federation of Labor: | sought gradual improvement in working conditions |
Homestead Strike: | AFL steelworks ask for raise at Carnegie steel plant workers locked out of by managemen |
C’oeur d’Alene, Idaho | miners reject a wage reduction are locked out |
Pullman Strike | buisness declined lowered wages by 1/3 w/o lowering prices in company stores workers went on strike plant shut down established precedents of using court orders and federal troops to end strike |
nativism | a policy of favoring native born inhabitants over immigrants-fear they would American culture |