Industrial Revolution/rise of big business

Define social Darwinism

Survival of the fittest

What is Andrew Carnegie known for

Built Carnegie steel

What is Cornelius Vanderbilt know for

The railroad and building a vast

What is JP Morgan known for

Investment banker

What is JD Rockefeller known for

He is the founder of the oil company

What is the transcontinental railroad

It was completed in 1869 connecting the existent rail network for the east with the pacific coast

Name some inventions

light bulb, telephone, Bessemer processor, elevator, airplane, cotton gin, assembly line, QWERTY keyboard, hair products, shaving safety razor blade, tractor, Kodak camera, phonograph, automobile, steel plow, sewing machine

Define monopoly

a business structure where a single company or person gained complete control over a particular industry, resource, or market, eliminating competition and allowing the monopolist to dictate prices, supply, and conditions. This often happened through aggressive business practices like acquiring competitors or vertically integrating an entire supply chain

Labor unions

organizations formed by workers to collectively bargain for better wages, shorter work hours, and safer working conditions.

What is the purpose of labor strike?

to protest unfair or unsustainable working conditions and to pressure employers for better terms by collectively withholding their labor

Define child labor during the Industrial Revolution

employing children in factories, mines, and other businesses for long hours, minimal pay, and in dangerous conditions, which deprived them of their education, childhood, and overall well-beinG

Robber baron

A powerful 19 century businessman, or banker who used questionable or unethical business practices to become powerful or wealthy for his own benefit

Captain of industry

Describes a business leader, whose means of a amassing, a personal fortune, contributes positively to the country in someway, this may have been through increased, productivity expansion of markets, providing more jobs or acts of philanthropy

describe how the growth of railroads contribute to American shift from an agrarian economy to industrial economy

creating a national market, transporting raw materials and finished goods, stimulating demand for steel and coal, and fostering innovation and investment