US History Unit 1 A (Immigration and Industrialization)

During the Industrial Revolution people in the US moved here to find jobs

• Rural Communities

• Urban Areas

• The Suburbs

• European Countries

Capitalists were

• the investors that funded the creation of big business as well as creation of inventions

• political bosses that rigged public elections

• Immigrants who were discriminated against based on their country of orgin

• inventors who were responsible for the boom of inventions during the late 1800s early 1900s

The Gilded age was characterized by

• equal opportunities for all

• a movement and focus on farming as Americans moved to rural areas to capitalize on farming.

• big businesses losing millions of dollars while workers experienced increased wages.

• great wealth being made by the top 1%, political corruption, and a growing lower class.

A Robber Baron was

• a businessman who robbed the American public of their wealth

• a very successful businessman who gained his wealth through shady practices (low wages, cutting corners)

• a very successful businessman who contributed positively to American society

• a person who robbed the successful business men

A Captain of Industry was

• A successful businessman who negatively affected American society through his shady business practices

• A manager of the factories during the Industrial Revolution

• A successful businessman who also attempted to become president of the USA.

• A successful businessman who positively contributed to American society and economy

Andrew Carnegie used this business strategy which involved taking control of each step of production and distribution (acquiring raw materials, manufacturing, packaging, shipping)

• Vertical integration

• Horizontal Integration

• Monopoly

• Capitalism

John D Rockefeller used this business strategy through his buying up of oil refineries to gain control of the oil refinery industry.

• Vertical Integration

• Horizontal Integration

• Capitalism

• Labor Unions

The economic theory that the economy needs little government intervention to allow the market to regulate itself

• Free Market

• Capitalism

• Stock Market

• Laissez-faire

Carnegie grew his wealth through what industry?

• Oil industry

• Railroad industry

• Steel Industry

• Coal Industry

John D Rockefeller grew his wealth through what industry?

• Oil Industry

• Steel Industry

• Coal Industry

• Electrical Industry