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Industrial Revolution/ Gilded Age

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Term
Definition
Gilded   Covered thinly with gold leaf or gold paint.  
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The Gilded Age   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   Owner of Standard Oil Company; controlled most of petroleum production in the U.S. through horizontal integration.  
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Thomas Edison   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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Alexander Graham Bell   Inventor of the telephone (1871); started the American Telephone and Telegraph Company (ATT) with a group of partners.  
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Social Darwinism   Idea from Herbert Spencer that introduced the notion of "Survival of the Fittest". Adapted Darwin's ideas from the "Origin of Species" to humans- society as a whole benefits from removing the unfit.  
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Transcontinental Railroad   Connected the east coast to the west coast; expanded markets and improved communications; led to a "spiral of growth"  
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Patent   Federal government gives an inventor exclusive rights to develop, use, sell an invention.  
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Bessemer Process   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   The production of a large number of products quickly and inexpensively.  
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Samuel Morse   Perfected the telegraph; devised a code, The Morse Code, to transmit messages using short and long clicks.  
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Monopoly   Complete control of a product or service in order to eliminate competition and set prices.  
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Cartel   A loose association of businesses that make the same product, that agree to limit the supply of the product to keep the prices high.  
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Vertical Integration (Consolidation)   Used by Carnegie; controlling every aspect of production from beginning to end.  
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Horizontal Integration (Consolidation)   Used by Rockefeller; owning most or all businesses in an industry.  
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Trust   Used by Robber Barons to avoid government regulations; companies assign stock to a board of trustees.  
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Sherman Antitrust Act   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   Capitalists and tycoons known for being greedy and powerful who swindled the poor.  
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Captains of Industry   Capitalists and tycoons who served the nation and provided jobs.  
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Andrew Carnegie   Steel tycoon; wrote "Gospel of Wealth"; built libraries.  
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Sweatshop   Dangerous, filthy, hot workplace where workers spent long hours for low pay.  
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Socialism   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   Workers negotiate with owners as a group for better wages and working conditions.  
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Haymarket Riot   Knights of Labor strike that ended in violence; caused Knights of Labor to fizzle out, because people turned away from radicalism.  
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Knights of Labor   Labor organization that included all workers of any trade founded by Terrence V. Powderly.  
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American Federation of Labor   Labor organization that only allowed local skilled workers; led by Samuel Gompers  
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Compromise of 1877   A deal struck with southern democrats to make Rutherford B. Hayes President and to end Reconstruction in the south.  
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Productivity   The effectiveness of product effort, measured in terms of the rate of output per unit of input.  
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Edwin L. Drake   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   A market structure which is dominated by only a few large, profitable firms.  
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Economies of Scale   A proportionate savings in costs gained by an increased level of production.  
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Gospel of Wealth   Andrew Carnegie's belief that the wealthy should use their money to benefit society.  
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Piecework   Work paid for according to the amount produced.  
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Division of Labor   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   A place of work where employees are not required to join a labor union.  
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Craft Union   Union which included skilled workers from one or more trades.  
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Industrial Unions   Union that includes all laborers- skilled and unskilled- in a specific industry.  
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Scab   Strike breaker  
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Anarchist   Someone who believes no government rules or laws to control people; absolute freedom for the individual.  
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Homestead Strike   Strike of steel workers at Carnegie's Homestead plant after a plan to cut wages.  
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Pullman Strike   A strike against the Pullman Palace Car Company that also led to an ARU railroad strike.  
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Wobbies   Members of the Industrial Workers of the World; miners, lumberers, cannery and dock workers.  
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Samuel Gompers   President of the AFL  
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George Westinghouse   Came up with alternate current, which generated electricity more cheaply and could travel longer distances; airbrakes  
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Mary Harris Jones   One of the most prominent women in the Labor Movement; supported "Great Strike of 1877"; later organized the United Mine Workers of America; led march of children to Pres. T. Roosevelt's house- led to child labor laws.  
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Granville Woods   African-American inventor; incubator and telegraph communication with moving trains.  
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Industrial Revolution   Historic period during which manual labor was replaced by machines.  
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Capitalism   Economic system in which individuals, rather than government, own the factors of production and profits go to the owners.  
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Assembly Line   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   Money; funds invested to make a profit.  
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Strike   Workers refuse to work until demands are met.  
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Eugene V. Debs   Leader of American Railway Union; went to prison; Supreme Court upheld his conviction, favoring business and making unions illegal (in re debs)  
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Northern and Western European Protestants   Majority of immigrants who came to U.S. before 1870 (settled on family farms)  
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Southern and Eastern Europeans (Catholic and Jewish)   Majority of immigrants who came to U.S. during late 19th century; poor, unskilled (settled in cities)  
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Skyscrapers   Buildings greater than 10 stories; made possible because of Bessemer Process, elevators and central air systems.  
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Interchangeable Parts   Identical components (pieces) that could be used in place of one another; led to assembly line and mass production.  
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Karl Benz   Received patent for the first automobile.  
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Henry Ford   Inventor who used the assembly line to mass produce automobiles.  
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Wright Brothers   These men were responsible for first sustainable flight.  
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Causes of Rapid Industrialization   1. Steam revolution; 2. railroad; 3. technological innovations; 4. unskilled and skilled labor in abundance; 5. abundant capital; 6. entrepreneurs; 7. market growing with US population increase; 8. government willing to help; 9. abundant natural resources  
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Ways Railroad Revolutionized Business   1. Faster, more practical mode of transporting goods; 2. Lower cost of production; 3. creation of national markets; 4. model for big business; 5. stimulation of other industries.  
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Textiles   Cloth or woven fabric  
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Karl Marx   wrote "The Communist Manifesto"  
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Labor Union   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   First national labor union.  
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The Pinkertons   A private security guard and detective agency, established by Alan Pinkerton in 1850.  
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Open Door Policy   U.S. desire to have equal trading rights for all foreign powers in China.  
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Pendleton Act   Law that set up a civil service commission to oversee the hiring of people for government jobs; only those who scored highest on an exam were given certain jobs, not political supporters.  
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Protective Tariff   High tariff designed to protect American businesses from foreign competition.  
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Revenue Tariff   Lower tariff that provided revenue to the federal government, not protection for business.  
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Munn V. Illinois   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   scabs, P.R. campaign, Pinkertons, lockout, blacklisting, yellow-dog contracts, court injunctions, open shop  
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Tools of Labor   boycotts, sympathy demonstrations, informational picketing, closed shops, organized strikes, "wildcat" strikes  
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