Exam 1 Review Flashcards
The period of massive economic growth in the United States in the late 19th century is known as the ________________ Revolution.
2nd industrial revolution
at the start of the civil war economically the US lagged behind the European nations of
Britain France Germany
some of the reasons for the massive rate of industrialization included
natural resources, labor supply, large markets
the number of patents issued in the 1890s exceeded
36 thousand
Samuel morse invented the ____ allowing for communication across long distance
Samuel morse invented the ____ allowing for communication across long distance
the first message sent by morse was between the cities of __ and ___
Washington and Baltimore
the man responsible for the invention of the telephone
Alexander grahm bell
bell wanted to use this as the greeting when answering the phone
ahoy
Edisons first job was working the news wire at __
Menlo park
thomas Edisons electric company was later renamed
Edison illuminating company
Henry bessemer invention made __ much cheaper to produce
steel
passed by congress in 1862 the ____ called for the building of a transcontinental railroad
pacific railroad act
Andrew Carnegie was master of the
steel industry
Carnegie proposed rich men had a responsibility to spend their money to benefit the greater good of the people
Gospel of wealth
when one company buys everything they need to produce, market and deliver the product it is known as ____
monopoly
allowed companies to side step laws and manage another persons money or company without owning outright
trustee
in an effort to prevent cooperations form obtaining market monopolies congress passed the
sherman antitrust act
the first trust was established by
Samuel todd
Rockefeller saw the commercial potential of linking Cleveland Ohio to the oil fields of
Pennsylvania
the 2 transcontinental railroads met at
promontory Utah
coined the gilded age
mark twain
the number of women employed outside the home rose from 15% in 1870 to __ in 1900
20%
the average work week in the late 19th century was ___ a week
60 hours
by 1900 the top 10% owned more than ___ of the nations wealth
3/4
the most prominent leader of the knights labor was
terence Powderly
the knights of labors decline began because of its perceived involvement in the
hay market riot
the American federation of labor differed from the knights of labor because it only permitted
skilled labor
the leader of the AFL was
Samuel Gompers
the homestead steel strike occurred when homestead steel plant owner ___ cut wages by 20%
Henry Frick
the pullman strike concluded with the arrest of ___ who would run as a socialist for president in future elections
Eugene debs