Terms Flashcards
Entrepreneur
People who build or manage businesses in order to make a profit
Free enterprise
Freedom to run a business with minimal regulation beyond what is necessary to protect public interest
Laissez-faire
Policies which allowed businesses to operate under minimal government regulation
Protective tariffs
Taxes that made imported goods cost more than those made in the united states
patent
Grant by federal government giving and inventor exclusive right to develop use and sell invention for a set period of time
Bessemer Process
Process for purifying iron to make strong but lightweight steel
Mass production
Systems depended upon machinery to carry out tasks that were once done by hand tools
Sweatshop
Workers, mainly women labored long hours at machines mass producing items
Collective bargaining
Negotiating as a group with their employer for higher wages or better working conditions
socialism
Economic and political philosophy that favors public control of property
Eugene V. Debs
Founded american railway union
Social darwinism
believe in “survival of the fittest”—the idea that certain people become powerful in society because they are innately better
steerage
Worst accommodations located on lower decks of ships
Ellis island
and
Angel island
Ellis island
New york immigrants processing station
Angel island
Processing center for chinese immigrants opening in san francisco bay
Americanization
Volunteer institution programs helping english adopt american food and cultures
“Melting pot”
Many nationalities blended to create single culture
Urbanization
Number of cities and people increased
Gilded age
Middle class lifestyle
Tenements
Low cost multifamily housing
Mass culture
Household gadgets, toys, etc same between houses
