6.1 contextualizing period 6 Flashcards
what did the US become during this time?
world’s largest economy and leading industrial power
what was this era called?
the gilded age
what type of economic system did US have?
capitalism
large industries?
railroads, steel, mining
what did these large industries require?
large capital investments
major revolution during this time
second industrial revolution based on steel, electrical, and oil developments
communication + connection
railroads, steamship, telegraph, transatlantic cables, telephones
what type of government policies did US have?
pro-business growth: protected property, no regulation, high tariffs, subsidized railroads.
who’s problems were ignored?
industrial workers, farmers, consumers, and growing cities
T or F: depressions were common at this time.
true
relationship between wealthy and rich
gap was large and growing, but there was an emerging middle class
what did industrialization accelerate
urbanization - unregulated and unforeseen growth –> unsanitary cities, degraded environment, weak law enforcement, + eventually reforms
middle class
enjoyed more leisure time (higher wages, shortened workday) and popularized sports, theater, etc.
social conditions
reform movements (econ, political, women, african american) setting stage for progressive era in 20th c.
