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SS Unit 2

Era of Industrial Growth and the Progressive Era

TermDefinition
Industrialist A person who owns or manages a large business or industry.
Laissez-Faire The idea that the government should play as small a role as possible in economic affairs.
Monopoly Total control of an industry by a single producer.
Trusts A combo of firms or corporations formed by legal agreement (reduce competition).
Sherman Antitrust Act Monopolies were named illegal and it was passed in 1890.
Mass Production Factory production of goods in large quantities.
Robber Baron A business person who became wealthy through unethical methods
Captain of Industry Forged the modern industrial economy in a positive way
Growth of Railroads Empowered a growing economy was popular for immigrants and other americans
Land was a natural resource in it, petroleum for example,
Capital something that is invested in and used, such as a machines, buildings, or wealth that is used to create a good or provide a service (for example, a car is capital for a taxi company)
Stocks/Shareholders people who own stock
Vertical Integration A company's control over every stage of business ex:car manufacturer
Horizontal Integration A company's control over 1 stage of business
Bessemer Process The first inexpensive industrial process for Mass production of steel
Laws of Supply and Demand When Demand is high and supply is low, prices spike. When Demand is low and price is high, prices go down
Labor meant it took large numbers of workers to turn raw materials into goods
The Aeroplane The Wright Brothers
Automobile/Model T Henry Ford
Telephone Alexander Graham Bell
Telegraph/Morse Code Samuel Morse
Phonograph Thomas Edison
Lightbulb Thomas Edison/Lewis Latimer (light bulb wire)
The movie projector Thomas Edison and William Dickison
Typewriter- Christipher Scholes
Oil/Petroleum Drake’s Well in Pennsylvania
Assembly line Henry Ford
Steam engine James Watt and Thomas Newcomen
Rockefeller Both different people had different views on him: owner of the Standard Oil monopoly and trust
Carnegie Captain of Industry( who built the American steel industry steel mill)
J.J. Astor Captain of Industry (Became the richest man in America through the American fur trade)
Vanderbilt Robber Baron (robber baron who monopolized the railroad industry")
J. P . Morgan Robber Baron ( An influential banker and businessman who bought and reorganized companies.)
Jay Gould Robber Baron (United States financier who gained control of the Erie Canal and caused a financial panic in 1869 when he attempted to corner the gold market
Skyscrapers made cities more urban made possible by steel and concrete
Knights of Labor recruited people who usually were not allowed in unions (immigrants, African Americans, women, and unskilled workers), peaked in the 1880s, membership went down afterwards
Worker Exploitation employers taking advantage of their workers
Sweatshops poor working conditions, low wages, long hours, and cramped areas, make it bad
Mines dust explosions, cave-ins, poor working conditions, cramped compartments, dust inhalation, and floodings make it bad
Collective bargaining the unionized workers bargain for better working conditions
Strike breakers People who work in the place of people on strike
Injunction a court order stopping or forcing something
Pullman Strike in Chicago, Pullman cut wages but refused to lower rents in the "company town", Eugene Debs had American Railway Union refuse to use Pullman cars, Debs thrown in jail after being sued, strike achieved nothing
Homestead Strike 1892 strike against Carnegie's steelworks in Homestead, Pennsylvania
Haymarket Riot 1886 labor-related protest in Chicago which ended in deadly violence
Ellis Island Main immigration station on the east coast (NY) where millions of European immigrants were processed 1892-1954 symbol of hope, known for quick processing
Angel Island The main immigration station on the west coast (CA) where many Asian immigrants were processed.
Nativist A person who believe immigration should be limited. support anti immigrant laws.
Assimilation Process of Immigrants adapting to and blending into new culture.
Chinese Exclusion Act U.S law in 1882 that banned Chinese immigration already in the US first major US law restricting immigration by nationality
Statue of Liberty symbol of freedom to welcome arriving immigrants to Ellis Island
Push Factors Reasons people leave their home country
Pull Factors Reasons people are drawn to a new country
Labor Unions Organized group of workers who come together to protect and promotes workers rights/interests.
Triangle Shirtwaist Factory Fire Fire killed many garment workers in 1911 (doors were locked)
Strike an aggressive work stoppage
Henry Ford Auto mobile (assembly line)
Emma Lazarus An American poet known for writing the "New Colossus" which is on the statue of liberty
Lewis Hine Used Photography to spread awareness about child labor
Jacob Riis Journalist who photographed poor living conditions to spread the word
John Muir Environmentalist. Founded sierra club and pushed for national parks
Mother Jones fought for workers rights
Upton Sinclair Writer who exposed unsafe meatpacking conditions in his book, "the Jungle"
Created by: danielag
 

 



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