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SS Unit 2
Era of Industrial Growth and the Progressive Era
| Term | Definition |
|---|---|
| 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" |