Chapter 6: The glided age and industrialization

history

Vertical Integration

Controlling every step of production (raw materials)

Horizontal integration

Buying out competitors to monopolize a single industry.

Monopoly

complete control of a product or service by one company.

Social darwinism

Belif that economic success is due to “Survival of the fittest.”

Populist movement (1890s)

Farmers wanting power and bimetallism.

Triangle fire (NY factory fire)

A disaster in a factory that led to safety laws in workspaces.