5.1 Industrialization Vocabulary

The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor is often replaced by mechanized mass production and craftsmen are replaced by assembly lines

• War

• Militarism

• Social Darwinism

• Industrialization

an economic system in which the means of production and distribution are privately owned and operated for profit with minimal or no government interference

• laissez-faire capitalism

• Industrialization

• Social Darwinism

• Robber Baron

The belief that only the fittest survive in human political and economic struggle.

• Robber Baron

• Social Darwinism

• Captain of Industry

• laissez-faire capitalism

an unscrupulous plutocrat, especially an American capitalist who acquired a fortune in the late nineteenth century by ruthless means

• Captain of Industry

• Monopoly

• Robber Baron

• Trust

Captain of Industry

• a business leader whose means of amassing a personal fortune contributes positively to the country in some way

• an unscrupulous plutocrat, especially an American capitalist who acquired a fortune in the late nineteenth century by ruthless means

• exclusive possession or control of the supply in a commercial activity

• A group of corporations run by a single board of directors

Monopoly

• a business leader whose means of amassing a personal fortune contributes positively to the country in some way

• (of employees) refuse to work as a form of organized protest, typically in an attempt to obtain a particular concession or concessions from their employer

• exclusive possession or control of the supply in a commercial activity

• an organized association of workers formed to protect and further their rights and interests

A group of corporations run by a single board of directors

• Monopoly

• Trust

• Industrialization

• Captain of Industry

an organized association of workers formed to protect and further their rights and interests

• Labor Union

• Trust

• Monopoly

• Captain of Industry

Strike

• Process by which a union representing a group of workers negotiates with management for a contract

• an organized association of workers formed to protect and further their rights and interests

• exclusive possession or control of the supply in a commercial activity

• (of employees) refuse to work as a form of organized protest, typically in an attempt to obtain a particular concession or concessions from their employer

1892 steelworker strike near Pittsburgh against the Carnegie Steel Company. Ten workers were killed in a riot when "scab" labor was brought in to force an end to the strike.

• Homestead Strike

• Strike

• Trust

• Labor Union