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17 Cards in this Set
- Front
- Back
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What resulted in the decrease of foreign competition and imported goods after the Civil War? |
Tariffs |
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What is defined as a policy of government non-interference? |
Laissez-faire |
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In the era of industry and reconstruction successful business owners were also known as |
Entrepreneurs |
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How did the growth of industry impact the agricultural and farming communities? |
Machinery increased crop yeild |
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How did industrialization impact how products were made? |
Machine-made |
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What man expanded the US steel industry and is responsible for developing mass production of steel? |
Andrew Carnegie |
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Who was responsible for improving the US quality of life by creating electrical distribution systems? |
Thomas Edison |
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Mass production resulted in improving the US by having more factories built, more people were able to be employed, and made products more affordable. However, it resulted in what being worse? |
Working conditions |
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What business organization is formed with the purpose of controlling prices? |
Trusts |
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Who redefined the oil industry and was a giant in the industry? |
John D. Rockefeller |
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What method of business threatened the free-enterprise system by eliminating competition? |
Monopolies |
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Cities experienced rapid growth as a result of industrialization, what was an effect of this growth? |
Crowded tenement houses |
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Who led the American Federation of Labor? |
Samuel Gompers |
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What was the outcome of the Homestead Strike? |
The Union collapsed |
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What was organized to represent the interests of the workers? |
Labor Unions |
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Factory doors were typically locked, if the doors had been unlocked what tragedy could have been prevented? |
Triangle Factory fire of 1911 |
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Trusts impacted the political system by introducing money into the political process triggering the start of: |
Political Corruption |
