Term
| things in nature beneficial to man |
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Definition
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Term
| economic system based on private ownership of business |
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Definition
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Term
| economic system based on government ownership of business |
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Definition
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Term
| government owns everything |
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Definition
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Term
| person who moves to a foreign country |
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Definition
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Term
| nickname for oil prospectors |
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Definition
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Term
| to make a large amount of something in a short period of time |
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Definition
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Term
| Name the six elements that led to rapid growth in industry: |
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Definition
-necessary natural resources
-growth in communications
-growth in transportation
-inventions that made production quicker and easier
-laborers/workers
-CAPITALISM |
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Term
| What is the opposite of capitalism? |
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Definition
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Term
| What is the extreme of socialism? |
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Definition
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Term
| What were three advances made in communications in the 1800s? |
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Definition
| telegraph, first transatlantic undersea cable, telephone |
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Term
| Who invented the telegraph? |
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Definition
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Term
| Who invented the telephone? |
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Definition
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Term
| What does AT&T stand for? |
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Definition
| American Telephone and Telegraph Company |
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Term
| How did the government encourage the growth of railroads? |
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Definition
| with cheap loans and land grants |
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Term
| What two companies built the first transcontinental railroad? |
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Definition
| Union Pacific and Central Pacific |
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Term
| Who were the Union Pacific Company's main workforce? |
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Definition
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Term
| What were Irish immigrants nicknamed? |
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Definition
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Term
| Who were the Central Pacific Company's main workforce? |
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Definition
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Term
| What were Chinese immigrants nicknamed? |
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Definition
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Term
| Where did Union Pacific Company's and Central Pacific Company's railroads meet? |
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Definition
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Term
| How did railroads aid industries? |
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Definition
| raw materials could be brought in from greater distances and there was an increase in markets for selling goods in rural areas |
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Term
| After the railroads reached deep into the rural areas, what came about? |
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Definition
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Term
| What were two of the main mail order catalogs? |
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Definition
| Montgomery Ward and Sears |
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Term
| Who introduced electricity as a power source? |
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Definition
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Term
| What things did Thomas Edison invent? |
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Definition
| electric light and designed the electric power station |
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Term
| What became a popular power source after the Civil War? |
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Definition
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Term
| Who drilled the first oil well? |
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Definition
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Term
| What is the first oil well called? |
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Definition
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Term
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Definition
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Term
| What was the first oil product? |
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Definition
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Term
| What made oil a major powersource? |
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Definition
| the discovery of gasoline |
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Term
| What oil company dominated the oil business by the late 1800s? |
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Definition
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Term
| What percentage of oil did the Standard Oil Company control? |
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Definition
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Term
| Who founded the Standard Oil Company? |
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Definition
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Term
| What was John D. Rockefeller's nickname? |
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Definition
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Term
| Who invented the Bessemer Process? |
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Definition
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Term
| What is the Bessemer Process? |
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Definition
| a quick and easy way to mass produce steel |
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Term
| What became the #1 building material of the Industrial Age? |
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Definition
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Term
| Who founded the first Bessemer Steel Plant in the US? |
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Definition
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Term
| What is Andrew Carnegie's nickname? |
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Definition
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Term
| What is the steel capital? |
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Definition
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Term
| what is it called when you believe that you should be free to make as much money as possible, but you are then obligated to use the money to help others? |
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Definition
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Term
| Who believed in the Gospel of Wealth? |
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Definition
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Term
| How much money did Carnegie donate to charity projects? |
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Definition
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Term
| What fraction of Alabama is forest |
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Definition
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Term
| What business boomed after the Civil War? |
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Definition
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Term
| What became the number one manufacturing business because of Alabama's rich mineral deposits? |
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Definition
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Term
| What was Alabama's near perfect system of waterways used for? |
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Definition
| transportation by industry |
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Term
| What was Alabama's fertile soil used for? |
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Definition
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Term
| What is Alabama's number one steel city? |
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Definition
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Term
| What were two nicknames given to powerful business leaders? |
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Definition
| captains of industry and robber barons |
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Term
| what are men who guided our country in industrial growth called? |
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Definition
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Term
| What are men called that made their fortunes by stepping on others? |
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Definition
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Term
| What are three typical corrupt practices of big business? |
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Definition
| bribery and blackmail of gov. officials, wiped out competition and formed monopolies, and exploited workers |
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Term
| What are examples of negative conditions of workers? |
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Definition
| unsafe and unsanitary, low and unequal pay, long hours, no compensation if injured, some forced to live in company towns, widespread child labor |
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Term
| How did workers fight back? |
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Definition
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Term
| What group was the first industrial workers union and was considered radical? |
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Definition
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Term
| Why were the Knights of Labor considered radical? |
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Definition
| because they allowed women and blacks to join their union |
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Term
| What did the Knights of Labor campaign for? |
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Definition
| safety and health codes, equal pay for equal work, 8 hour work days, and to end child labor |
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Term
| What was the number one weapon unions used against company abuses? |
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Definition
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Term
| What was the first nationwide strike? |
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Definition
| the Railroad Strike of 1877 |
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Term
| How did companies fight against unions? |
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Definition
| forbid union meetings and fired organizers, blacklist, yellow dog contracts, acts of violence against organizers, fired strikers and hired scabs |
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Term
| What is it called when management put union members' names on a list and sent them around the country so they could not get a job? |
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Definition
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Term
| What is a contract that new employees were forced to sign promising to never join a union? |
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Definition
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Term
| Until the late 1800s, what was the government's attitude concerning business? |
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Definition
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Term
| What part of the Constitution doesn't support Laissez-Faire? |
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Definition
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Term
| What states that the government has the right to regulate interstate, Indian, and foreign trade? |
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Definition
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Term
| What was the first federal law to regulate a business? |
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Definition
| the Interstate Commerce Act |
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Term
| What did the Interstate Commerce Act regulate? |
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Definition
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Term
| What act stopped monopolies? |
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Definition
| the Sherman Antitrust Act |
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Term
| What is another word for trust? |
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Definition
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