Gilded Age Flashcards
Agricultural Revolution
Advancements in technology and methods
Fueled by migration of workers from country to cities
Industrial Revolution
A period of economic transformation
Advancements:
Materials - Iron & Steel
New Energy - Coal, Electricity, Steam Engine, etc.
Rise of factories & cities
Transportation & Communication - Cars, telegraph, etc.
The Factory System
Manufacturing in factories with machinery and division of labor
Mass production of goods by unskilled labor
Gilded Age America
Too place between Civil War and the start of the 20th century
It appeared to have many successes and advancements of industrialization and a booming economy
There was a lot of corruption, abuse, and racism
Transcontinental Railroad
Railroad that connected the west coast to the east coast
Difficult and hazardous construction and made westward expansion easier
Golden Spike Ceremony
Ceremony where they put a golden Spike when they finished building the transcontinental railroad
Homestead Act of 1862
Designed to promote westward expansion
Citizens could claim 160 acres of land
Must farm land for 5 years, build home, and pay $1.25 per acre
Provided opportunities for women and African Americans
Heightened tensions with Indigenous tribes
Urbanization
Factories led to larger cities
Shift from farming to business
Rapid growth of cities=unsanitary and unsafe conditions
Dangers of Factories
Long days and low wages
Dangerous Conditions
Triangle Shirtwaist Company-146 workers died bc there was no escape due to neglecting safety protocals
Jacob Riis
Muckracker
Author of How the Other Half Lives
Upton Sinclair & “The Jungle”
Wrote “The Jungle” to illustrate poor quality of factories on their workers and their products
Patents
Legal document that gives an inventory exclusive rights to produce and sell their inventions
Lasts 20 years
Age of the Entrepreneur
Small groups of businessmen amassed great wealth while workers struggled
Risked capital to invest and solidify their place in the market
Robber Baron vs Captain of Industry
RB-entrepreneur who made excessive amounts of money, at expenses of their workers
CI-entrepreneur characterizes by leadership and innovation often participated in philanthropy
Monopoly
Large companies that controlled entire industry which allows them to set prices and to not have competition