Unit 6 Rebirth, Reform and Innovation Flashcards
Government Regulation
the act of controlling business behavior through a set of rules or laws
Imperialism
A policy of extending a country’s power and influence through diplomacy or military force.
Market Economy
Economic decisions are made by individuals or the open market.
Urbanization
Movement of people from rural areas to cities
Jim Crow Laws
Laws designed to enforce segregation of blacks from whites
Push-Pull Factors
Conditions that draw people to another location (pull factors) or cause people to leave their homelands and migrate to another region (push factors)
Andrew Carnegie
Built a steel mill empire; Believed rich people should give money back to society.
Gilded Age
Late 1800s to Early 1900s - time of large increase in wealth caused by industrialization
Segregation
Separation of people based on racial, ethnic, or other differences
Voter Suppression
a strategy to influence the outcome of an election by discouraging or preventing people from voting.
Laissez-Fair Economy
economic policy in which governments intrude as little as possible in the economic transactions between citizens and businesses
Isolationism
A national policy of avoiding involvement in world affairs
Monopoly
Complete control of a product or business by one person or group
Competition
the struggle among producers for the dollars of consumers
Philanthropy
Charitable donation to public causes
Industrialisation
the development of industries in a country or region on a wide scale.
Robber Baron
A business owner who has become rich through ruthless and unethical business practices
Homestead Steel Strike
Strike at Andrew Carnegie’s steel plant in which Pinkerton detectives clashed with steel workers
Progressive Era
period of political and social reform that lasted roughly from the 1890s to the 1920s
JP Morgan
A businessman who would buy Carnegie steel and become the largest business in the world in 1901
