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Industrial Capitalism

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18 Terms

1

Industrial Capitalism

Rapid expansion of industry and business, driven by technological advances, mass production, and the rise of corporations.

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2

Trusts

Large business entities created by merging smaller companies, often monopolizing industries (e.g., Standard Oil).

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3

Laissez-Faire

Minimal government intervention in the economy, allowing markets to regulate themselves.

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4

Tenant Farming

A system where farmers rented land from owners, often trapping them in cycles of debt.

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5

New South

Effort to modernize the Southern economy through industrialization and diversification, while maintaining racial segregation.

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6

People's (Populist) Party

A political movement advocating for farmers' and laborers' rights, calling for reforms like free silver, regulation of railroads, and a progressive income tax.

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7

Political Machines

Organizations controlling urban politics, often using corruption and patronage to maintain power (e.g., Tammany Hall).

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8

Transcontinental Railroad(s)

Railroads connecting the U.S. coasts, facilitating westward expansion and economic growth.

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9

Indian Wars/Reservations

Armed conflicts between U.S. forces and Native American tribes, leading to forced relocation to reservations.

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10

Immigration/Chinese Exclusion Act

Massive immigration fueled industrial labor demand, but nativist sentiments led to restrictions like the 1882 Chinese Exclusion Act.

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11

Americanization

Efforts to assimilate immigrants and Native Americans into 'mainstream' American culture.

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12

Social Darwinism

Application of 'survival of the fittest' to justify wealth inequality.

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13

Gospel of Wealth

Andrew Carnegie's belief in the moral obligation of the wealthy to use their fortunes for the public good.

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14

Social Gospel

Religious movement promoting social justice and welfare reforms.

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15

Jane Addams/Settlement Houses

Community centers providing education, healthcare, and aid to urban poor and immigrants.

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16

Progressive Era Reforms/Reformers

Early efforts to address economic and social inequities through government intervention.

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17

Plessy v. Ferguson

1896 Supreme Court case establishing the 'separate but equal' doctrine, reinforcing segregation.

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18

Gilded Age

Term coined by Mark Twain to describe the era's superficial prosperity masking deep social and economic issues.

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