6.1 Industrialization Flashcards
What was one shortcoming of laissez-faire government?
Failed to protect workers and consumers
Stalwarts
Traditional members of the Republican Party that favored patronage (spoils system)
Half-Breeds
Moderate members of the Republican Party seeking civil service reform
Mugwumps
Activist members of the Republican Party that left in protest to corruption
Who invented the telephone?
Alexander Graham Bell
Who invented the sewing machine?
Isaac Singer
Who revolutionized steel production?
Henry Bessemer
Horizontal integration
Elimination of competitors
Vertical integration
Gaining control of production and distribution process
John D. Rockefeller
Dominated oil industry
Andrew Carnegie
Dominated steel industry
Cornelius Vanderbilt
Railroad tycoon
J.P. Morgan
Leader in banking and finance
Taylorism
System of scientific management developed by Frederick W. Taylor that was used to increase factory production and lower labor cost
Tycoons
Criticized as “robber barons”, used Social Darwinism to justify wealth, believed in the “Gospel of Wealth”