Ch. 5 & 6 Study Guide Flashcards
(42 cards)
anyone (except Chinese) could join
equal pay
unorganized
no child labor
Knights of Labor
survival of the fittest
little to no government control/interference
Social Darwinism
Social Darwinism =
Laissez Faire
Carnegie invented this
the idea was for the rich to share their money
Gospel of Wealth
inventor of electricity
Thomas Edison
led to the growth of labor unions
Poor Working Conditions
led to industrialization
Telegraphs & Railroads
eliminated monopolies/limited their power
Sherman Anti-Trust Act
Why was the population at the end of the 19th century important to industrialization?
added to the workforce
only accepted white men who were skilled workers
founded by Gombers
American Federation of Labor
transport materials
sped up trade
Transcontinental Railroad
negotiated with others to benefit themselves by keeping employee wages low, although they owned a big business
Robber Barons
Who got more money as a result of industrialization?
Robber Barons
How did the Great Railroad Strike and Pullman Strike end?
with the army breaking them up (badly)
controlled almost all of the oil industry
John D. Rockefeller
unliked by many
Child Labor
agreement that employees can’t join labor unions (was between employer and employee)
Yellow Dog Contract
steel making process coined by Carnegie
Bessemer Process
philantropists
Captains of Industry
controlled the steel monopoly
Andrew Carnegie
control of industry
Horizontal Consolidation
means of products
Vertical Consolidation
difference between a small business and corporation
Size
denied citizenship to the Chinese
Chinese Exclusion Act
