Unit 4- Industrialism

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29 Terms

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Monopoly
A company that controls all production and sales of a particular product or service.
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Tenements
Cheap apartment buildings. Small, dark, dangerous buildings where any people lived. They were very crowded and lacked fresh air and water.
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Populism
A political strategy based on a calculated appeal to the interests or prejudices of ordinary people.
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Progressivism
Favoring or advocating change or reform, as opposed to maintain things as they are.
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Thomas Edison
Known for inventing the light bulb and for the production of electricity in homes.
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Wright Brothers
Known for building and flying the first airplane in 1903.
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Henry Ford
Known for using the assembly line for mass production of automobiles.
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Assembly Line
An arrangement of machines, tools, and workers in which a product is assembled by having each perform a specific task.
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Muckrakers
People who search for and expose real or alleged corruption and scandals, especially in politics.
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Chinese Exclusion Act
Banning Chinese people from immigrating to the United States for 10 years.
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Sherman Antitrust Act
A law that made it illegal to create monopolies or trusts that restrained trade.
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Horizontal Intefration
Owning all businesses in a certain field.
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Vertical Integration
Ownership of businesses involved in every step of the manufacturing process.
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Entrepreneur
Someone who organizes a business venture and assumes the risk for it.
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Trust
A group of corporations that unite in order to reduce competition and control prices in a business or an industry.
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Laissez-Faire
A theory that economies work best when there is minimal involvement from government.
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Progressives
Reformers who are looking for change in politics, society, and/or business.
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Imperialism
The policy of extending the rule or authority of an empire or nation over foreign countries.
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Political Machines
Powerful organizations linked to political parties
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Suffragists
A man or women who fought for a women's right to vote.
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Prohibition
The nationwide ban on the manufacture, sale, and transportation of liquor in the United States that went into effect with the 18th Amendment. (1919)
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Corporation
A business that is owned by many investors.
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Spoils System
Rewarding political supporters with jobs and favors.
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Conservation
The protection and preservation of the country's natural resources.
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What book did upton Sinclair write
The jungle
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Who controlled 1/3 of the nations steel production
Andrew Carnegie
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Who owned 90% of the nations oil industry by the 1900s
John D. Rockefeller
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Who made major improvements to the assembly line
Henry Ford
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This ship exploded and was one reason the U.S. joined the Spanish-American war.
USS Maine