Industrialization and the Gilded Age

Linked goods and services through technology and transportation making commerce more affordable.

• National Market

• Interstate Commerce Act

• Robber barons

• Child Labor

A company chartered by a state and recognized in law as a separate person

• Gospel of Wealth

• Corporation

• Robber Barons

• Philanthropy

process which made steel more affordable and profitable

• Gospel of Wealth
• Bessemer Process
• Smelting
• Monopoly

The idea that government should not interfere in businesses or the free market.

• Cul-de-sac

• Laissez-Faire

• Fleur de Lis

• Achtung

Organized workers to act as a group not as an individual to leverage for better working conditions

• Union

• Robber Barons

• Captains of Industry

• Knights of Labor

Why was the transcontinental railroad beneficial to America?

• The railroad was built over mountains that were impassable in stagecoach.
• Railroads provided a faster, safer, and cheaper transportation.
• Railroads allowed People to bring their furniture to the Great Plains.
• Railroads crossed rivers which were difficult to cross earlier.

In the late 1800s, which factor directly contributed to the growth of the American steel industry?

• government regulation

• employee ownership

• new production techniques

• the formation of labor unions

Critics of big business claimed that monopolies in the United States harmed the economy by-

• unfairly limiting competition

• decreasing the urban growth rate

• preventing technological innovation

• failing to keep pace with European industries

Which was an important benefit of the laissez-fair policies of the federal government in the late nineteenth century?

• American entrepreneurs were able to invest in their businesses with little government interference

• American business were able to avoid the ups and down of the business cycle

• American workers found it easy to organize into labor unions

• American workers felt secure about the safety of conditions in factories

What factors encouraged American economic growth in the decades after the civil war?

• new technologies

• new production methods

• new materials

• less workers due to civil war deaths