American Industrialization (1870-1910) Flashcards
Taylorism
factories should be managed in a scientific manner to increase efficiency of individual worker and the factory
horizontal integration
strategy of owning all methods a particular part of an industry using trusts or holding companies. One example of this would be owning all potential oil refineries. Most famously used by John D. Rockefeller
vertical integration
strategy of owning one full production line of an industry by controlling production, marketing, and distribution. This was famously used by Andrew Carnegie
Gospel of Wealth
philosophy of Carnegie who believed that wealthy industrialists had an obligation to help local communities and organizations
Knights of Labor
established in the 1880s. Major group of unions of workers from all industries and accepted unskilled workers of all classes
American Federation of Labor
national labor union formed by Samuel Compers in 1886 and tried to organize workers by industry and craft
Industrial Workers of the World
more radical than the AFL, formed in 1905. Attempted to unionize unskilled workers not recruited by the AFL and were called “Wobblies”
Gilded Age
depiction of the late 19th century America that details a surface of prosperity hiding problems of social inequality and cultural shallowness
Pendleton Civil Service Act (1883)
federal act that established a civil service system at the federal level. Not all government jobs would be political appointments
Tammany Hall
political machines that helped immigrants in exchange for their votes. This was a major model for urban political machines towards the end of the 1800s
Second Industrial Revolution
massive economic growth during the second half of the 19th century that was mainly based on the expansion of the railroads, the introduction of electricity, and the production of steel for building. By the 1890s, America had become the biggest industrial producer in the world.
heavy industry
the production of steel, iron, and other materials that can be used for building purposes. The increase in industry fueled the massive urban growth that took place during the Gilded Age
New South
Concept promoted by Southerners in the late 1800s that the South had changed and was now interested in industrialization and becoming a part of the national economy. This was mainly fueled by the growing textile industry in the South.
trusts
a company arrangement that allowed owners of one company to own stock in other companies in the same industry. With this, a business was able to control other similar companies in the same industry, essentially controlling the whole industry.
holding companies
a company that existed to gain monopoly control over an industry by buying large shares of stock in as many companies as possible within that industry