Industrialization

using your political influence for personal gain

• railroad industry

• grafting

• assimilation

• populism

Rockefeller made his fortune in what industry

• Railroads

• Steel

• Meat

• Oil

Carnegie make his money in what industry

• steel

• oil

• mining

• banking

Morgan made his money in what industry

• banking

• steel

• mining

• oil

Vanderbilt made his money in what industry

• oil

• railroads

• steel

• banking

Someone who steals from the poor (time, low pay) to make as much money as possible

• Captain of Industry

• Robber Baron

• spoils system

• laissez-faire

select all that apply: describe working in the factories and mines during the late 1800s

• low pay

• long hours

• poor conditions

• salary raises

What problems did monopolies create?

• small businesses bought or squeezed out of competition

• provided jobs

• prices increased

• benefited nation's economy

Select all that apply: check any technology or invention that was created during the Industrialization Era.

• Steel

• Electricity

• timber

• telephone

___ was a term given for the "hands off approach" by gov't in regards to businesses