The Industrial Revolution and the Gilded Age

What is the Gilded Age?

• An era in the late 19th century of rapid economic growth in America.

• An era in the late 20th century of new inventions

• An era in the early 19th century of rapid economic decline in America.

• An era in the late 19th century of rapid growth in population

What did Cornelius Vanderbilt make his money from?

• real estate

• dairy products

• railroads

• steel

Who led the enormous expansion of the steel industry?

• Henry Ford

• Andrew Carnegie

• John D. Rockefeller

• J.P. Morgan

What new innovation did Henry Ford use to lower the average cost of cars?

• railroads

• cheaper parts

• cranes

• an assembly line

Which 2 major businessmen were Philanthropists?

They donated money to charity or did charitable work themselves.

• Carnegie and Rockefeller

• Morgan and Carnegie

• Vanderbilt and Ford

• Ford and Rockefeller

How did J.P. Morgan make his fortune?

• He partnered with companies that were in trouble and helped them succeed

• He sold innovations, like the assembly line, to troubled companies

• He bought companies that were in trouble for a cheap price

• He created banks only for the wealthy

What are "Robber Barons?"

• Employees who would steal parts from the company they worked for

• Members of Trusts that used ruthless means to gain wealth

• Business owners who would buy other companies to make themselves wealthier

• People who stole money from other companies

A period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s

• Industrial Revolution

• Gilded Age

• Patent

• Trust

Define: corporation.

• Application of science to help people

• Movement of people from rural areas to cities

• A business that is owned by many investors.

• a district of a city marked by poverty and inferior living conditions

Define: urbanization.

• A shop or factory where workers work long hours at low wages under unhealthy conditions

• Movement of people from rural areas to cities

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

• A business that is owned by many investors.