Significance of Railroads and Industrialization in the U.S.

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14 Terms

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Transcontinental Railroad

Connected east and west, facilitating U.S. expansion.

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Rockefeller's Monopoly Strategy

Used vertical integration to control oil production.

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Philanthropy

Charitable giving to promote social welfare.

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Robber Baron

Business leaders exploiting workers for profit.

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Social Darwinism

Application of survival of the fittest to society.

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Economic Social Darwinism

Justified wealth inequality as natural selection.

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Gospel of Wealth

Carnegie's belief in using wealth for public good.

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Labor Unions Purpose

Advocate for workers' rights and better conditions.

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Collective Bargaining

Negotiation between employers and a group of employees.

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Labor Strikes Impact

Strikes sometimes alienated public support for unions.

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Industrial Production Causes

Technological advances and increased labor supply.

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Gilded Age Businessmen

Rockefeller in oil, Carnegie in steel, Morgan in finance.

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Discrimination's Role

Marginalized groups faced exclusion and economic hardship.

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Opposed Working Conditions

Long hours, low wages, unsafe environments.