Industrialization quiz - 10/3 Flashcards
Patent
Grants inventors rights & prevents others from copying. Lasts 20-30 years
Piece work
Workers paid based off of number of items they produce
Sweatshops
Where workers face poor working conditions
Monopoly
A company having control over a particular product/service, limiting competition
Union
Organization where workers collectively represent their interests & negotiate with employers
Strike
Workers protest to having better working conditions (they refuse to have bad ones)
Robber Baron:
Wealthy business leader that treated worker poorly & “manipulates” industry in a negative
Captain of Industry:
Successful business leader who’s more positive & makes good tributes for people/economy
Light bulb Benefits:
Revolutionized the way we light up surroundings & replace older lighting methods
Telegraph Benefits:
Communications that’s fast & contact services. Ideas travel faster.
Railroad Benefits:
transportation and connected east & west coast, boosting trade, economic growth
George Pullman
- developed “Pullman sleeping car,” luxurious railway carriage
- long distance travel, railroads
- racist (Robber Baron)
John D. Rockefeller
- founder of “Stander oil” company
- first billionaire, donate $ to educations
- University of Chicago (Cap. of Industry)
Andrew Carnegie
- worked in Pittsburg cotton factory
- Steel corporations, irons
- donated lost of $
Cap. of Industry (or both)
Cornelius Vanderbilt
- re-owened American business magnate
- developed railroad/shipping industries
- quit school at 11 to help father (Robber Baron)