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The Gilded Age

TermDefinition
Gilded Age Late 1800s to Early 1900s - time of large increase in wealth caused by industrialization
Industrialization Transformation of the U.S. economy to being based on manufacturing, with factories producing items
Urbanization Growth in the size and population of cities
Growth in the size and population of cities In a factory, an arrangement where a product is moved from worker to worker, with each person performing a single task in the making of the product.
Capitalism Economic system where there is competition between businesses, freedom of choice, and limited government involvement
Captain of Industry Business leader who contributed to the country or their industry while gaining their fortune.
Robber Baron A business leader who became wealthy through dishonest methods
Monopoly Situation where one company controls all or most of the business in their industry
John D. Rockefeller Founder of the Standard Oil Company, which went on to control 90% of the American oil market. Rockefeller became the wealthiest American.
Andrew Carnegie A Scottish-born American industrialist and philanthropist who founded the Carnegie Steel Company in 1892. By 1901, his company dominated the American steel industry.
J.P. Morgan An influential banker and businessman who bought and reorganized companies, growing his wealth as he did.
Tammany Hall A political machine within the Democratic Party in New York City (late 1800's and early 1900's) seeking political control by corruption.
Boss Tweed Leader of the Democratic Tammany Hall, New York political machine
Tenement A building in which several families rent rooms or apartments, often with little sanitation or safety
Push and Pull Factors Conditions that draw people to another location (pull factors) or cause people to leave their homelands and migrate to another region (push factors)
Ellis Island Immigration processing center that open in New York Harbor in 1892
Nativism A policy of favoring native-born individuals over foreign-born ones
Chinese Exclusion Act 1882 law that barred Chinese laborers from entering the United States
Gentleman's Agreement Unofficial 1907 agreement between the United States and Japan that restricted Japanese immigration to the United States
Immigration Act of 1924 Law that imposed a quota, or limit, on how many immigrants can come into the United States from each country
Created by: MrsJungOMS
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