The Gilded Age Flashcard

Front

Someone who uses part of their large wealth to help others.

Back

Philanthropist

Front

Why were the Industrial Capitalists referred to as "robber barons"?

Back

Industrialists often took advantage of other people economically.

Front

What is a main reason immigrants came to the US in the late 1800s and early 1900s? Options: Did NOT want religious freedom, Hoped for economic opportunity (to make money), Wanted LESS diversity, Wanted to live more simply

Back

Hoped for economic opportunity (to make money)

Front

Why did immigrants often live in neighborhoods with others from their homelands?

Back

It made their adjustment to their new life easier.

Front

What challenges did immigrants face in the US?

Back

Had trouble learning the language/faced prejudice.

Front

This banker tycoon made his fortune by taking over the banking industry?

Back

J.P. Morgan

Front

One of the key figures in the expansion of regional railroads, greatly improving interstate travel.

Back

Cornelius Vanderbilt

Front

Why did workers form unions?

Back

to improve working conditions

Front

Vertical integration is when a company buys out the Resources (raw materials, fields, forests, and farms), Manufacturing (production and processing), and Distribution (shipping, transportation, delivery to customers).

Back

True

Front

Monopolies and trust are similar in that they both help increase competition in the economy.

Back

False