Unit 2 Chapter 1 Flashcards

Front

Agricultural Advancements

Back

Mechanical reapers, steel plows, improved irrigation

Front

Laissez-Faire Economic Policy

Back

Minimal government intervention, rapid industrial growth

Front

Rise of Corporations

Back

Shareholder-owned, pooled resources, industry expansion

Front

Railroads

Back

Connected country, boosted trade, westward expansion

Front

Telephone

Back

Alexander Graham Bell, revolutionized communication

Front

Vertical Integration

Back

Control all production aspects, e.g., Carnegie Steel

Front

Horizontal Integration

Back

Merging with competitors, e.g., Rockefeller's Standard Oil

Front

John D. Rockefeller

Back

Standard Oil, oil refining monopoly

Front

Andrew Carnegie

Back

Carnegie Steel, revolutionized steel production

Front

Urban Industrial Labor

Back

Migration from rural areas, supported by agricultural advancements