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US History > The Gilded Age > Flashcards

The Gilded Age Flashcards

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1
Q

Urbanization

A

City populations grow rapidly, factories provide jobs.

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2
Q

Railroads

A

Connect East and West coats, easy to ship lots of goods.

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3
Q

New Inventions

A

Seemingly endless supply of stuff. Electric Lights (Edison 1879) Telephone (bell 1876)

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4
Q

“Free Market System”

A
  • Freedom
  • Profit motive
  • Choice
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5
Q

Laissez Faire Economics

A

American government policy towards business

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6
Q

Social Darwinism

A
  • Encouraged Laissez Faire
  • Government doesn’t protect workers
  • Only people in business will proceed
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7
Q

Sole Propreitorship

A

One person owns business

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8
Q

Partnership

A

2 people own business

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9
Q

Corporation

A

Sells stocks

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US History (8 decks)

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