Industrial Revolution/ Gilded Age
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Gilded | show 🗑
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show | Mark Twain's description of cities during the Industrial Age, characterized as a time of wealth but also of greed and corruption.
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John D. Rockefeller | show 🗑
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show | Invented the first useable light bulb, phonograph, motion picture camera and an electrical power distribution center. Created the first research and development lab at Menlo Park, New Jersey.
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show | Inventor of the telephone (1871); started the American Telephone and Telegraph Company (ATT) with a group of partners.
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Social Darwinism | show 🗑
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Transcontinental Railroad | show 🗑
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Patent | show 🗑
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show | The process for making steel faster and more cheaply by forcing hot air through molten iron. Developed by Henry Bessemer. Led to building skyscrapers and bridges.
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Mass Production | show 🗑
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Samuel Morse | show 🗑
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Monopoly | show 🗑
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Cartel | show 🗑
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Vertical Integration (Consolidation) | show 🗑
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show | Used by Rockefeller; owning most or all businesses in an industry.
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Trust | show 🗑
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show | Law that made it illegal to hinder or harm free trade (first law that would regulate industry); made trusts illegal.
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Robber Barons | show 🗑
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Captains of Industry | show 🗑
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show | Steel tycoon; wrote "Gospel of Wealth"; built libraries.
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Sweatshop | show 🗑
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show | Economic and political philosophy that favors public ownership of property and income; wealth should be distributed equally throughout society (tax wealthy give to poor)
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Collective Bargaining | show 🗑
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Haymarket Riot | show 🗑
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Knights of Labor | show 🗑
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American Federation of Labor | show 🗑
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Compromise of 1877 | show 🗑
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Productivity | show 🗑
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show | Started an oil boom in Titusville, PA, that spread to Kentucky, Ohio, Illinois, Indiana, and Texas when he successfully used a steam engine to drill for oil.
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Oligopoly | show 🗑
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Economies of Scale | show 🗑
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show | Andrew Carnegie's belief that the wealthy should use their money to benefit society.
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Piecework | show 🗑
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show | The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.
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Open Shops | show 🗑
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show | Union which included skilled workers from one or more trades.
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Industrial Unions | show 🗑
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show | Strike breaker
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show | Someone who believes no government rules or laws to control people; absolute freedom for the individual.
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show | Strike of steel workers at Carnegie's Homestead plant after a plan to cut wages.
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show | A strike against the Pullman Palace Car Company that also led to an ARU railroad strike.
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Wobbies | show 🗑
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show | President of the AFL
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George Westinghouse | show 🗑
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Mary Harris Jones | show 🗑
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Granville Woods | show 🗑
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Industrial Revolution | show 🗑
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show | Economic system in which individuals, rather than government, own the factors of production and profits go to the owners.
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show | Perfected by Henry Ford to build automobiles, this process allows unskilled workers to complete one step of the manufacturing process.
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Capital | show 🗑
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Strike | show 🗑
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Eugene V. Debs | show 🗑
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Northern and Western European Protestants | show 🗑
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Southern and Eastern Europeans (Catholic and Jewish) | show 🗑
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show | Buildings greater than 10 stories; made possible because of Bessemer Process, elevators and central air systems.
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show | Identical components (pieces) that could be used in place of one another; led to assembly line and mass production.
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show | Received patent for the first automobile.
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Henry Ford | show 🗑
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show | These men were responsible for first sustainable flight.
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Causes of Rapid Industrialization | show 🗑
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Ways Railroad Revolutionized Business | show 🗑
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Textiles | show 🗑
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show | wrote "The Communist Manifesto"
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show | An organized association of workers, often in a trade or profession, formed to protect and further their rights and interests.
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National Trade Workers Union | show 🗑
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The Pinkertons | show 🗑
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Open Door Policy | show 🗑
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Pendleton Act | show 🗑
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show | High tariff designed to protect American businesses from foreign competition.
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show | Lower tariff that provided revenue to the federal government, not protection for business.
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show | Illinois passed a law that regulated prices railroads could charge to store grain being shipped. Supreme Court upheld the law by ruling that states could regulate a private business (located within a state) in the public interest.
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Tools of Management | show 🗑
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show | boycotts, sympathy demonstrations, informational picketing, closed shops, organized strikes, "wildcat" strikes
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