Industrial Revolution USH

Front

a policy that calls for less government involvement in economic affairs, so that businesses choose how they will operate, with littler or no oversight.

Back

Laissez-Faire Social

Front

An economic practice where the government does NOT try to control the economy.

Back

laissez faire

Front

the process of transforming the economy of a nation or region from a focus on agriculture to a reliance on manufacturing

Back

Industrialization

Front

A _______ is when a single company or entity creates an unreasonable restraint of competition in a market.

Back

Monopoly

Front

a manufacturing process that allows for finished and almost finished parts to be installed in sequence to automate and reduce the time needed to assemble a finished good

Back

Assembly Line

Front

a specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business

Back

Corporation

Front

a wealthy American industrialist or financier in the 19th century who gained their fortune through unethical business practices.

Back

Robber Barons

Front

a period in American history from the late 1870s to the early 1900s that was marked by rapid industrialization, economic growth, and prosperity for the wealthy, while the working class experienced exploitation and poverty.

Back

Gilded Age

Front

a _____ was a large business entity that controlled an industry or market, often by reducing competition and increasing profits.

Back

Trust

Front

What term describes the economic and social philosophy that suggests that only the fittest survive in the business world?

Back

Social Darwinism