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27 Cards in this Set
- Front
- Back
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What was Steel used for? |
Railroads, furnaces, boats, and more |
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Geographically, where were industrial technologies developed? |
Midwest and Northeast states |
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What was Taylorism? |
The use of the "scientific management" |
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How did the assembly line effect buisness? |
It expanded growth tremendously and allowed things to be made quicker |
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How did railroads change cities and the environment? |
Forests were cut down and Bison nearly exterminated. Cities grew when located next to railroads. |
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How did the railroads influence the creation of timezones? |
They had trouble scheduling shipments so they agreed to make 4 timezones across the U.S. |
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Hos were many railroads funded? |
Subsidies from federal, state, and local governments-as well as investments from abroad |
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What did Andrew Carnegie do? |
He created a steelwork plant and accomplished "vertical integration" meaning he controlled every step of the steelmaking process. |
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What does consolidation mean in the context of big business? |
It means to make stronger in an economic way. Think reducing production hours, cost to make product, etc. |
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Horizontal integration |
Company creates or acquires production units for outputs which are alike |
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Vertical integration |
Arrangement in which the supply chain of company is owned by that company |
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What integration did Rockefeller succeed in? |
Vertical and Horizontal |
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Who criticized new industry and what were their complaints? |
Farmers and workers and middle class workers pointed to the corruption that new industry titans seem to produce on their own |
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How did big business influence politics? |
Industrialists gave lots of money to politicians, political parties, and government officials in exchange for assistance and support |
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What was the Gospel of Wealth? |
Book by Andrew Carnegie in which he wrote about trust funds to be used for the good of the community |
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Who was Horatio Alger? |
The most famous promoter of the success story. He wrote books about poor boys who rose from "rags to riches" |
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What was Lester Frank Wards philosophy? |
Civilization was governed not by natural selection but by human intelligence |
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What was the socialist labor party? |
Oldest party in the U.S. Originally known as the working man's party |
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Who was Henry George? |
Author of Progess and Poverty. |
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Who was Edwards Bellamy? |
Author of Looking Backward |
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Why were monopolies bad? |
They created artificially high prices, and a highly unstable economy |
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What were wages and working conditions like? |
Wages were low and conditions were poor |
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What were the dangers of factory life? |
Many factories were unsafe or unhealthy and industrial accidents were frequent |
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What did the Great Railroad strike result from? Was it successful? |
10% wage cut. The strike collapsed several weeks after it begun |
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What were the Knights of Labor |
First national labor organization which championed the 8 hour workday and abolition of child labor |
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What was the American Labor Federation? |
A combination of a number of different craft unions which represented mainly skilled workers |
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How did the Homestead strike unfold? |
Pinkertons were defeated by strikers and the national guard was eventually called in |
