Gilded Age Overview

Flashcards covering key vocabulary and concepts from the Gilded Age lecture notes.

Gilded Age

A period in American history from 1877 to 1900 marked by rapid economic growth, urbanization, and significant social issues.

Industrialization

A process characterized by the development of industries and technologies, leading to increased production and changes in labor.

Monopoly

The exclusive possession or control of the supply of or trade in a service or commodity, often leading to higher prices and reduced competition.

Horizontal Integration

A strategy where a company acquires or merges with competitors to increase market share.

Vertical Integration

A business strategy where a company controls its supply chain, from raw materials to production and distribution.

Dawes Act of 1887

Legislation aimed at assimilating Native Americans by dividing tribal lands into individual plots.

Labor Wars

A series of strikes and labor disputes in the late 1800s reflecting the struggles of workers for better conditions.

Child Labor

The employment of children in industries or businesses, often in harmful conditions, prevalent during the Gilded Age.

Social Mobility

The ability for individuals or families to move up or down the social ladder, often associated with economic opportunity.

Urbanization

The process by which rural areas transform into urban areas, often accompanied by population growth.

Social Darwinism

A social theory that applies the concept of natural selection to human society, used to justify social inequalities.