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History 2nd Industrial Revolution > The Gilded Age > Flashcards

The Gilded Age Flashcards

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1
Q

Industrialization

A

entrepreneurship, new opportunities + inventions, bad working conditions

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2
Q

Growth of Big Businesses

A

everyone wanted the new tech, investing ($ from gold out W), businesses protected (land grants, tariffs)

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3
Q

Laissez-faire

A

Government stays out of economy
Good: more $ comes in, quality of products may improve bc or competition
Bad: working conditions, unfair wages

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4
Q

Growth of Cities

A

W closed as land of opportunity-now opportunity was in cities (factories, more jobs), especially NE + the Great Lakes

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History 2nd Industrial Revolution (3 decks)

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