The Rise of Industry & The Great Wave of Immigration:

Big Questions: Did the benefits of industrialization outweigh the costs? What was life like for immigrants in the early 1900s?

Define Entrepreneur:

A person who assembles and organizes the resources necessary to produce goods and services.

Define Mass Production:

The use of interchangeable parts and assembly lines to make large quantities of identical goods.

Define a Trust:

A group of corporations that unite in order to reduce competition and control prices in a business or an Industry.

Define Urbanization:

The growth of cities.

Define a Tenement:

A building in which several families rent rooms, often with little sanitation or safety.

Define Laissez-faire:

A theory where economies work best when there is minimal involvement from government.

Define Corporation:

A business that is owned by many inventors.

Define Monopoly:

A company that controls all production and sales of a particular product or service.

Define Labor Union:

An organization that brings together workers in the same trade, or job, to fight for better wages and working conditions.

Define Sweatshop:

A place where workers work long hours at low wages with unhealthy & unsafe conditions.

Define Refugee:

A person who flees his or her home country to escape war, persecution, or other dangers.

Define Nativism:

An attitude of resentment and superity toward foreign-born people.

Define Assimilation:

The process by which immigrants or other newcomers acquire the attitudes, behaviors, and cultural patterns of the society around them.

Define Quota:

A limit based on numbers or proportions, such as the proportion of a country’s population allowed to immigrate to the United States.

Explain how the U.S. Government tried to encourage businesses to expand.

They used land grants, subsidies, force against labor, and favorable laws to encourage business.

Explain industrialization and analyze its benefits and costs.

Benefits: Made goods cheaper, job opportunities, urban wealth, and vast wealth.

Costs: Bad working conditions, child labor, city coming, racism, over population, and poverty.

Describe what industries John D. Rockefeller and Andrew Carnegie made their monopolies in and how they created their monopolies.

John D. Rockefeller. Made his Monopoly in the oil industry, he created a safer form of Kerosene. His company was called Standard Oil Corporation, it creates a Trust and controlled steps in production. Andrew Carnegie made his Monopoly in the Steel industry, made a cheaper way to make steel. Called his company Carnegie Steel, later becoming U.S. Steel, also controlled steps in production, plus he built a bridge over the Mississippi River.