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Industrialization

TermDefinition
Homestead Act A law passed in the 1860s that offered up 160 acres of public land in the West to any head of a family who paid a registration fee($25), lived on the land for five years, and cultivated it or built on it.
Laissez-faire economics Government does not interfere with business (“let do”)
Monopoly A company has complete control over an industry; sometimes referred to as a trust.
Nativism A preference for native people and a desire to limit immigration and foreign influence in America.
Chinese Exclusion Act (1882-1943) Stopped Chinese immigration and prevented them from becoming citizens.
Tenements Dark and crowded multi-family apartments.
Political machine Political parties that ran city governments that exchanged services like police and fire departments for votes which took advantage of immigrants.
Assimilate To blend into American culture.
John D. Rockefeller Giant oil business owner. Introduced 'trust'.Invented the first oil refinery. formed Standard Oil Trust and made millions while monopolizing the oil industry
Andrew Carnegie Scottish Immigrant who studied in England to learn to make cheaper steel and owned the Carnegie Steel Company.
George Pullman Invented the sleeping cars for trains and built a town to house his workers
JP Morgan Banking industry owned the JP Morgan and Co.
Robber baron A businessman who uses ruthless business tactics.
What were the factors of industrialization? Natural resources, Workforce, Free Enterprise, New Inventions, and the Railroad
Why did people move to the cities? To work in factories b.c that is where the industries were.
How did the government help support the railroad industry? Giving land grants to build the railroads and funding.
Pull Factors -Freedom - Economic opportunity and Abundant land
Push Factors -Population growth - Agricultural changes and crop failures
What immigrant group is most responsible for the construction of the railroad? Chinese immigrants
What was the typical job for an immigrant? working on the railroads, mining, or factories.
List 3 adjectives to describe factory work. harsh, underpaid, and popular
Why is a monopoly bad for consumers? Owners can make the price of the product whatever they desire.
What group was harassed because they were Catholic? Irish
Why did immigrants group together in neighborhoods? To preserve their culture like food, music, customs, and language.
How did political machines attempt to control elections? exchanging services like police and fire departments for votes from immigrants by saying that the were 100% supportive of immigration.
Impact Industrialization of Immigrants US population tripled meaning more workers that work for low wages and Child Labor.
Impact Industrialization of Railroads Largest employer, increased size of markets and products, and gave land grants that were later sold to make huge profit.
Impact Industrialization of New Inventions Improved transportation and communication. Ex Light Bulb allowed factories to operate at night.
Created by: gglez