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Gilded Age 2022
Gilded Age
| Question | Answer |
|---|---|
| Bessemer Process | made the production of steel faster and more economical |
| Thomas Edison | Produce the first effective light bulb in 1879 |
| Corporation | A company charters by a state and reconginzed in law as a separate "person" issuing stocks to shareholder |
| "Gilded Age" | The period from 1865 to 1900 when many entrepreneurs reaped huge profits, created immense wealth for themselves and lived lavish lifestyles |
| Captain of Industry | Entrepreneurs of the gilded age like Carnegie and Rockefeller are sometimes refereed to this way because they forged the modern industrial economy. |
| Robber Baron | Entrepreneurs of the gilded age are sometimes referred to this way because of the ruthless tactics they used to destroy competition and keep their workers wage low |
| Andrew Carnegie | Worked his way up from poor immigrant to one of America's richest men as the owner of steel company also known for philanthropy |
| John D. Rockefeller | An entrepreneur of the gilded age who made his fortune in oil. His company, Standard oil, became a monopoly ad was eventually broken up by the government. |
| Monopoly | A company having complete control over the supply of a product or service. |
| Interstate commerce act | A federal law prohibiting unfair practices by railroads, such as charging higher rates for shorter routes. |
| Sherman Anti-Trust Act | A federal law created to stop monopolies engaging in unfair practices that prevent fair competition |
| Laissez-faire | The theory that government should not interfere in the operation of the free markets |
| Urbanization | Movement of people from the countryside to towns and cities |
| Tenement | Single-room apartments, often without heat or lighting. Frequently, many families shared a singletoilet |
| Political Machines | Controlled city government. provided jobs and other services to immigrants and the poor in exchange for their votes |
| Immigration | Moving from another illegally |
| Push factors | Reason immigrants choose to go to a new country, can include economic opportunity, freedom from oppression, poverty, religious discrimination, or ethnic persecution |
| Pull factors | Reason immigrants choose to go to a new country, can include economic opportunity, freedom from oppression, family and cultural ties |
| New immigrants | immigrants who came to the United States after 1880. They mostly came from southern and Eastern Europe, including Italy, Poland, Russia, Austria-Hungary, and Greece. Were often Catholic or Orthodox Christians or Jewish. Spoke no English |
| Ethnics Ghettos | A neighborhood where people of similar backgrounds and cultures live (little Italy, Chinatown) |
| Nativists | those who believed that those born in or native to the United States were superior to or better than the new immigrants |
| Assimilation | The process where immigrants learn to speak dress and act like other Americans. Adopting the culture of mainstream American |
| Chines Exclusion Act | 1882 first federal law to restrict immigration. Chinese immigrants banned for 10 years. current Chinese-American residwents could not apply for citzenship. If current Chinese-American residents could not apply for citizenship. If current Chinese-American |
Created by:
PRO Teacher
Kirsch
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