Gilded Age

What impact did new waves of immigration have in the US during the late 19th/early 20th century?

• Cheap labor kept operating costs low

• Skilled workers kept strike activity low

• child labor laws

• improved working conditions

What is mass production?

• the manufacturing of a product in large numbers

• an arrangement of machines, equipment and workers in which work passes from operation to operation

How did mass production help the economy?

• It made producing products more difficult.

• Mass production allowed for more products to be made quickly.

This allowed steel to be processed more efficiently.

• Bessemer Process

• Homestead Process

• Carnegie Process

• Assembly Line

What is the name for a person who starts and organizes a business?

• Engineer

• Entrepreneur

• Philanthropist

• Principal

What is a corporation?

• a large, organized company owned by stockholders.

• an organization that joins two or more business

• fuel used in lamps

• Bedford High School

A corporation that has little competition is called a _______.

• liability

• monopoly

• vertical combination

• horizontal combination

The manufacture of ______________, made it possible to build strong railroad tracks, skyscrapers and bridges.

• automobiles

• steel

• telephones

• elctricity

New industries gave many immigrants ____________.

• jobs

• cleaner water

• free transportation

• a change to become rich

John D. Rockefeller made his fortune in the _______ industry.

• steel

• copper

• gold

• oil