The Gilded Age

Laissez-Faire Economics

• Economic system in which the government does not intervene in business practices

• A business practice in which a single manufacturer controls all of the steps used to change raw materials into finished products

• A business practice in which a company takes over all of its competitors

• Theory that claims the best people in society are the ones who rise to the top

Vertical Integration

• Economic system in which the government does not intervene in business practices

• A business practice in which a single manufacturer controls all of the steps used to change raw materials into finished products

• A business practice in which a company takes over all of its competitors

• Theory that claims the best people in society are the ones who rise to the top

Horizontal Integration

• Economic system in which the government does not intervene in business practices

• A business practice in which a single manufacturer controls all of the steps used to change raw materials into finished products

• A business practice in which a company takes over all of its competitors

• Theory that claims the best people in society are the ones who rise to the top

Labor Union

• An organization of workers that tries to improve working conditions, wages, and benefits for its members

• An organized work stoppage intended to force an employer to address union demands

• A company tool to fight union demands by refusing to allow employees to enter its facilities to work

• A list privately exchanged among employers, containing the names of persons to be barred from employment

Strike

• An organization of workers that tries to improve working conditions, wages, and benefits for its members

• An organized work stoppage intended to force an employer to address union demands

• A company tool to fight union demands by refusing to allow employees to enter its facilities to work

• A list privately exchanged among employers, containing the names of persons to be barred from employment

Push Factor

• A factor that causes people to leave their homelands and migrate to another region

• Policy of promoting the interests of native inhabitants against those of immigrants, including the support of immigration-restriction measures

• Factors that induce people to move to a new location

• A party organization that commands enough votes to maintain control of a city, county, or state

Pull Factor

• A factor that causes people to leave their homelands and migrate to another region

• Policy of promoting the interests of native inhabitants against those of immigrants, including the support of immigration-restriction measures

• Factors that induce people to move to a new location

• A party organization that commands enough votes to maintain control of a city, county, or state

What does the term gilded mean?

• Full of riches and opportunities

• Gaining new land

• Covered in a thin layer of gold

• Made of solid gold

How did the Gilded Age get its name?

• The gold rush attracted many people West

• Poor people became rich quickly

• The time appeared golden on the surface but was corrupt underneath

• Gilded unions often fought with industrialists

During the Gilded Age came the rise of monopolies which were-

• government bargains with organized crime

• businesses so large and powerful they had no competition

• large donation from rich individuals to public charities

• corrupt political engines which controlled city governments