Gilded Age

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Laissez faire

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10th

17 Terms

1

Laissez faire

________- a policy or attitude of letting things take their own course, without interfering, hands off.

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2

Tammany Hall

________ was a political machines that was used to gain power.

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3

Social Darwinism

________- theory that people are subject to the same laws of natural selection as plants and animals.

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4

Compeition

________ regulates price and quality.

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5

Boycott

________- Workers and general public refuse to purchase products and services of a company.

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6

Strike

________- ​​Employees refuse to work until their demands are met.

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7

Boss

________ controlled jobs, business licenses, and influenced court systems.

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8

Bessemer process

________ was a method of making cheap steel.

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9

foreign competition

Farmers in the movement wanted action against monopolistic railroads that charged high rates for transporting farmers crops, bad weather, ________ drives down price, high tariffs and high cost of farm machinery.

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10

third party

Trusts- an arrangement that allows a(n) ________ to hold assets (financial corporation)

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11

Liberal republican party

________ formed because they wanted purification of washington administration and end to military construction.

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12

Garfield

________ was a part of the Half- Breed faction of the Republican Party.

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13

Gov

________ at all levels saw itself as a provider of essential services such as roads and as an advocate of justice but not as responsible for the welfare of individuals.

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14

Horizontal integration

________- when a business grows by purchasing related businesses, namely its competitors.

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15

Vertical integration

________- when a business takes control of all the stages in production or distribution thereby owning all parts of the industrial process.

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16

Company Towns

________- a place where all stores and housing are owned by one company that is the main employer.

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17

William Tweed

________ was the head of Tammany Hall, NYs democratic political machine.

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