Industrialization (late 1800s - early 1900s) Flashcards

1
Q

What are some of the main causes for industrial growth?

A
  • Increasing population
  • Advancements in transport and communication
  • New sources of energy
  • Rising corporations
  • Open immigration policy
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2
Q

What did a revolution in agriculture do?

A

Increase population. Production of more food = more food for people = population increase = increased demand for products = stronger economy

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3
Q

What are some advancements in transport?

A
  • Canal system
  • Railroads
  • Automobiles
    (All facilitated trade)
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4
Q

What are some advancements in communication?

A
  • Telegraph
  • Telephone
    (Facilitated communications over long distances)
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5
Q

Monopolies

A

Large companies that controls the supply of a product or service they provide

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6
Q

Why was the open immigration policy important?

A

Increased labor = More production

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7
Q

Laissez-faire capitalism

A

The gov should not interfere in business (allowed businesses to form monopolies, use child labor, low pay, poor working conditions, selling inadequate products)

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8
Q

Social Darwinism

A

“Survival of the fittest”
- Idea that rich were rich because they deserved to be, while the poor where blamed (own fault)
- Used to justify economic inequalities

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9
Q

Labor Unions

A

Organizations of workers who united to have more power to fight bosses (caused strikes/ violences: e.g. Homestead Strike & Haymarket Riot)

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10
Q

Why did the Populist Party rise in 1890s?

A

To protect farmers who were economically hurt by railroad monopolies and corrupt banking practices.

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