history Flashcards
companies producing similar products merge or are bought out
horizontal integration
licenses that give the inventor exclusive rights to make, sell, or use an invention for a set period of time
patents
implies that business leaders built their fortunes by stealing from the public
- drained economy of natural resources
- bribed/persuaded government officials to side in their favor
robber baron
helped the nation in a positive way
- created jobs, expanded nations
- raised the standard of living for Americans
- same as philanthropists
captains of industry
made it illegal to form a trust that interfered with free trade between states or with countries
Sherman antitrust act
based on Darwin’s theory of biological evolution- natural selection
- a way to justify laissez faire
- strongest businesses would succeed & increase wealth of nation without government interference
Social Darwinism
describe division of labor
- instead of finishing product start to finish
- split tasks- one worker did same task repeatedly
- increased efficiency
- relationship between workers/owners changed- less interaction
describe the work environment
- unsafe, dirty
- poor lighting, ventilation
- strict discipline enforced-many rules; no talking or refusal to do a task
- no shortage of labor; factory work offered higher pay
describe child labor
- many worked to help support the fam
- cheap labor to owners
- dangerous, dirty, unhealthy
- stunted growth
- injuries
a philosophy that favors public instead of private control of the means of production
Socialism
describe Knights of labor (KL)
- men & women, skilled & unskilled
- farmers, factory workers, shopkeepers
- recruited AF-AMERICANS- 60000 joined after 1881
- wanted reforms: equal pay, equal work, 8 hour workday, end child labor
- DID NOT promote higher wages
- DID NOT STRIKE
describe the American federation of labor (AFL)
- leader: Samuel Gompers
- only skilled workers (craft Union)
- excluded women and African Americans
- main focus was higher wages
- relied on economic pressure, strikes,and boycotts
- tried to force employers to participate in collective bargaining
workers negotiate as a group with employers
collective bargaining
skilled workers
craft Union
organized workers from all crafts in a given industry
industrial union
describe the Pullman strike
- cars: luxury sleeping cars (Town of Pullman)
- laid off workers and cut wages but kept prices and rent the same
- worker’s strike
- railroad owners said strike went against Sherman-Antitrust Act (interfered with mail delivery)
- President Cleveland sent federal troops to ensure workers obeyed order
what did Thomas Edison invent?
lightbulb & the Central Power station
what did Alexander graham bell invent?
telephone
what did Edwin Drake invent?
new method of drilling oil
what did Christopher sholes invent?
typewriter
what did Henry Bessemer invent?
the Bessemer process
a process in which company takes over its suppliers and distributors and transportation systems to gain control of quality and cost of its products
vertical integration
push factors for immigration
-persecution in old countries
such as Irish potato famine, Russian Jew massacre, Russian revolution
-overpopulation in old countries (no jobs)
pull factors of immigration
- economic conditions in U.S
- need workers- plenty of jobs
- owning land (Homestad Act)
- immigrant letters (wrote home to families in old country: convincing them to move to US)
- “image of America” created an image of freedom and opportunity