Reassessment Unit 3: Industrialization

Front

When a company controls everything from raw materials to the distribution of the product

Back

vertical integration

Front

the idea that industrialists exploited workers, the environment, and corrupted the gov't

Back

robber barons

Front

Rockefeller practiced what in the oil industry?

Back

horizontal integration

Front

The Second Industrial Revolution...

Back

Primarily about innovations, cheaper production of goods, & increased efficiency

Front

Laissez-Faire Capitalism

Back

Refers to a style of capitalism in which the gov't has no interference w/ economy

Front

a theory using efficiency experts that emphasized using data to make work operations more efficient (and inexpensive)

Back

Scientific Management in Business

Front

complete control of a product or industry by one person or group

Back

Monopoly

Front

Positive name to describe wealthy industrialists who seemed to contribute to the growth of the economy and overall well-being of society

Back

Captains of Industry

Front

A phase of a larger process--from roughly 1870-1914--that began with a new, inexpensive way to make steel and was characterized by an emphasis on efficiency, cheap labor, and mass production.

Back

Second Industrial Revolution

Front

What is the term for the rapid growth of cities in the late 1800s?

Back

urbanization