The Gilded Age Flashcards

0
Q

What three things happened to large railroads during and after consolidation?

A
  1. They ruthlessly eliminated their competition
  2. They expanded their railroads
  3. They became extremely wealthy
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1
Q

Railroads led to consolidation. What is consolidation?

A

Large companies buying out smaller ones

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2
Q

The expansion of railroads led to what for what companies?

A

Boosting for steel, coal, and timber compaines

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3
Q

What did the railroads do? They…

A

Divided the U.S. Into time zones

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4
Q

What did Henry Ford introduce?

A

The assembly line

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5
Q

What did Thomas Edison introduce? (4)

A
  1. Electric Lights
  2. Electric Streetcars and Subways
  3. Motion Picture Camera
  4. Phonograph
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6
Q

What did the Wright Brothers do?

A

They had the first flight

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7
Q

When did the Wright brothers have the first flight?

A

1903

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8
Q

Corporation

A

A business owned by many investors

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9
Q

Trust

A

a group of corporations led by a single board of directors

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10
Q

What were the effects of railroads (5)

A
  • They boosted coal, steel and timber companies
  • they expanded railroad companies
  • they created consolidation
  • they made large railroad companies very wealthy
  • they divided the U.S. Into time zones
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11
Q

______ __________ named the time period “the gilded age” because it was a great time of _________.

A

Mark Twain

Change

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12
Q

Gilding

A

taking a cheap metal such as lead and covering it with a thin layer of gold

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13
Q

What did Henry Bessemer do?

A

developed a way to make cheap steel

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14
Q

New Business organizations such as corporations and trusts led to the rise of “___ __________”

A

Big Business

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15
Q

What did Robber Barons (Captains of Industry) do?

A

They led the way for new businesses

16
Q

What were two things that the captains of industry did?

A

Their Businesses expand the economy

They employ thousands

17
Q

What were two things the robber barons did?

A

They ruthlessly eliminate their competition

Their factories hav horrible working conditions

18
Q

Name 3 famous robber barons

A

Andrew Carnegie
J.P. Morgan
John D. Rockefeller

19
Q

collective bargaining

A

allowed Unions to negotiate contracts, wages, hours, etc. for all workers

20
Q

Assembly line

A
  • A product moves from worker to worker

- Each worker performs one task in the making of the product

21
Q

Monopoly

A

Companies that control all businesses in a particular industry

22
Q

Trust

A

a group of corporations led by a single board of directors

23
Q

Effects of steel

A

allowed for the building of taller buildings which allowed cities to grow up as well as out (made housing more affordable)

24
Q

Thomas Edison

A

Started the “invention factory” at Menlo Park, NJ, a research laboratory where he and others created hundred of inventions