Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Am. Ind. Rev.
American Industrial Revolution
| Term | Definition |
|---|---|
| Entrepreneur | person who invests money to make profit |
| protective tariff | tax on imported goods making the price high enough to protect domestic goods from foreign competition |
| laissez-faire | system where businesses operate under minimal government regulation |
| patent | official rights given by the government to an inventor for the exclusive right to develop, use, and sell an invention for a set period of time |
| Thomas Edison | Inventor, received more than 1000 patents; invented light bulb; developed plans for power plants |
| Bessemer process | method to make strong, lightweight steel |
| suspension bridge | bridge held by strong cables |
| time zone | within a time zone, the same time is used |
| mass production | creation of goods in large numbers; with machines & assembly lines |
| corporation | company with rights & liberties of its own |
| monopoly | Entire industry run by one company; could set own prices |
| cartel | Businesses agreeing to limit their production to keep prices high |
| John D. Rockefeller | oil tycoon |
| horizontal integration | Buy up rival businesses to gain control over an industry (ex: owning a bunch of oil businesses) |
| trust | Group of separate companies placed under the control of a managing board (to form a monopoly) |
| Andrew Carnegie | Steel tycoon |
| vertical integration | Owning businesses that are involved in different steps of production (example: owning the oil wells, the tank cars of RRs, and the retail locations to sell the oil) |
| Social Darwinism | certain races & nations were superior to others therefore destined to rule over them; also the wealthy were meant to rule |
| ICC | Oversaw RRs; first federal agency monitoring business operations |
| Sherman Antitrust Act | Law banning trusts that restrain interstate trade or commerce |
| sweatshop | small factory; long hours with poor conditions; little pay |
| company town | community whose residents rely upon one company for jobs, housing, and shopping |
| collective bargaining | process in which employers negotiate with labor unions about hours, wages, and other working conditions |
| socialism | theory where the means of production are publicly controlled and regulated, rather than owned by individuals |
| Knights of Labor | Labor union that sought to organize all workers and focused on broad social reforms |
| Terence V. Powderly | Leader of the Knights of Labor |
| Samuel Gompers | formed the AFL |
| AFL | American Federation of labor; organized skilled workers in a specific trade and made specific demands |
| Haymarket Riot | 1886 labor-related protest in Chicago; ended in deadly violence |
| Homestead Strike | 1892 strike against Carnegie's steelworks |
| Eugene V. Debs | Led the ARU (American Railway Union); led Pullman Strike |
| Pullman Strike | 1894 RR worker's strike; began outside of Chicago & spread nationwide |
Created by:
deleted user
Popular U.S. History sets