American History Quiz 2

Purpose of Monopolies

Max single company profits by eliminating market comp.

Purpose of Antitrust Legislation

Fair Market Comp.

No Monopolies

No Unfair Prac. tht Harm Customer

Ex of Antitrust Legislation

Price Fixing

Market Distrib.

Anti-Comp Pract.

Supply & Demand

How Availability of Prod. & Desire for Prod. sets its price.

Philanthropy

Love & Giving Your All for Humanity.

Famous Philanthropists

Carnegie. Rockefeller. Tata.

Social Darwinism

“Survival of Fittest” No Gov. Help

Impacts of RailRoad Industry

• Nat. Market. Boost Industry

• Mass Prod. Low Price. Access to Good

• Fast Trav. New City. Pop. Shift

Robber Barons

Rich by using Dishonest Methods

Ex of Robber Barons

• Rockefeller

• Carnegie

• Vanderbilt

• Morgan

Inventions in Industrial Rev. and their Impact

• Electric Streetcar- People move to suburbs to reduce overcrowding.

• Bessemer Process-Mass produced steel was affordable. Built railroad connections across country

Ex Of Cheap Labor

Work Performed for Very Low Wages

Challenges Labor Unions Faced

Threats. Company. Oppos.

How Labor Unions try 2 Achieve Rights

Strikes. Collective Bargaining. Boycotts.

Impact Of Shirtwaist Factory Fire

Forced U.S. create safety laws & stronger labor rights

Ex of Poor Work Cond.

No Breaks. Unsafe Equip. Bad Air Qual.

Corrections of Work Cond. by Labor Unions

8-Hour Workday. Impro. Work Safety No Child Labor Weekends Off

Neg. Impacts Urbanization & Correction

• Overcrowding Cities Led Disease-Improv. transport. allowed ppl 2 move to subrubs. Reduced disease and Overcrowding

• Crime High Rate & Ppl Felt Unsafe-Paid Police force for Ppl feeling safe. Streetlights

Urbanization

Ppl from Small Towns go 2 Big Towns to Live & Work

Impacts Industrial Revolution Had On Standard of Living

• Higher Wages

• Better Health & Longevity

• Cheaper Goods

How Industrial Revolution Impacted Geography of U.S.

• Farming Nation 2 Big Cities

• Railroads & Factory Increase

Impact Industrial Revolution Had On Social Classes

Based On $ & Land

• Wealth Factory Owners

• Growing Middle Class

• Working Class

Where Middle Class Relocated

Suburban Outskirts

What Made Middle Class Relocation Possible

Extra $ & Transportation

Nativism

Favors Country-Born over Immigrants who move there. “Us vs Them”

Arguments Against Immigration

• Crowded Cities Cultural DIff.

• Lower Wages Job Comp.