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Bird-Chapt 3 Ind Age
Bird Social studies Chapter 3: Industrial Age: Pg 57
| Term | Definition |
|---|---|
| Robber Barons | Negative, low wages, bad working conditions |
| Captains of industry | posotive, jobs/ money, new products |
| National Rail system | create a standard gauge, same sized track |
| Rebate | to give costumers money back for them to buy your products |
| pools | breaks the spitit of competition, cheating the costumer with set prices between companies |
| Field | transatlantic cable, connect to europe |
| Bell | 1876- |
| patents | right to an owner to own an idea/ invention |
| Edison | "Wizard of menlo park", light bulb/ electricity |
| entrepreneur | someone who starts a buisness |
| proprietorship | make $, work easier, rules |
| corporations | raise money by selling shares of their company called (stocks) |
| Telegraph/morse code | wires, congress built/ payed for wires through the U.S Balt-DC |
| Andrew Carnegie/ Bessemer process | manufacture steel |
| Jhon D Rockefeller | imperfections gone/ mass produce oil |
| Drake | multi million $ oil company |
| sole proprietor | owner of a buisness , $, Hours |
| corporation | owned by shareholders, buy stocks |
| bessemer process | (h/c) hot air to burn flames as more than 2000 degrees , imperfections gone, mass produce |
| philanthropist | use of private money for public good (schools, libraries, universities) |
| Sherman anti trust act | against monopolies/ big buisnesses |
| sweatshops | crowded, dangerous, work place |
| Labour unions | illeagle, fight to have better conditions |
| AFL/American Federation of Labour | 1886, looked to collectively bargain- speaking for everyone, one person speak for all workers to improve working conditions |
| Triangle Shirtwaist factory fire | -fire on 8th floor -owners left and went to safety from roof -fire escape too weak -fire water bucket not filled -locked doors, owners had the key -fire department came- ladders too short, nets too weak, -146 ppl died -NYS factory safety |
| sullivan hoey act | sprinklers, fire safety gadgets |
| pickett | stand/march infront of factories to try to get others to see a probelm |
| homestead strike-carnegie | -Henry frick- work harder for no more money -accidents increase/ Frick said wages stay the same -workers strike and block the scabs (2000 workers) Frick hires pinkertons 9 workers die + government sides with Carnegie |
| Pullman Strike | 1898, sleeping car-Chicago -have to work to live on campus -took rent out of wages, raised rent but not wages -wages-too tough, went on strike- Police sided with Pullman-concrete |
| Laisezz Faire | "Hands off Government" Governmet wasn't allowed to get involved with buisnesses. |
| Captialism | an economic and political system in which a country's trade and industry are controlled by private owners for profit. |
| consolidation | a large company buys a smaller one |
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