WorksheetsEOC Flashcard Quiz - Gilded Age
Total questions: 11
Worksheet time: 8mins
-Development of the Transcontinental RR and other new RR lines
-Improved travel
Expansion of the Railroads
Westward Expansion
Laissez-Faire
Corporation
-Bessemer Process - Used in steel production
-Electricity - gave birth to new industries
-Oil Industry - replaced whale oil use
Agricultural Advances
Technological Advances
Corporation
Laissez-Faire
A company chartered by a state and by law recognized as a separate entity "person"
(a)
Having complete control over the supply of a product or service
(a)
The theory that gov't should not interfere in the operation of the free market
Monopoly
Laissez Faire
Social Darwinism
Corporation
-Law to stop monopolies engaging in unfair practices
-Promoted fair competition
Homestead Act (1862)
Americanization
Pendleton Civil Service Act (1883)
Sherman Antitrust Act (1890)
-Business men sometimes used ruthless tactics to destroy competition and keep workers' wages low
-Headed the industrialization of the US and expanded the economy
Robber Barons/ Captains of Industry
Robber Barons/ Political Machines
Ranchers
Tammany Hall
-Fostered the Gospel of Wealth
-Steel production
-Philanthropist who gave money to libraries
(a)
-Standard Oil Company
-Used both vertical and horizontal integration to monopolize the oil industry
(a)
-Long hours
-Low wages
-Poor working conditions
-Child labor
-No job security
Problems faced by workers
Problems faced by farmers
Problems faced by captains of industry
Problems faced by politicians
-Formed by workers to better negotiate with their employers
-Knights of Labor
-American Federation of Labor (AFL)
(a)
