INDUSTRIALIZATION, IMMIGRATION & LABOR - mastered
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17 Terms
Andrew Carnegie
Steel magnate who used vertical integration and promoted the Gospel of Wealth.
John D. Rockefeller
Founder of Standard Oil and creator of a powerful monopoly.
J.P. Morgan
Powerful banker and financier.
Henry Ford
Used the assembly line to make automobiles affordable.
Laissez-Faire
Government should not interfere in business.
Social Darwinism
Belief that successful businesses survive because they are strongest.
Monopoly
One company dominates an entire industry.
Trust
Large business combination that reduces competition.
Knights of Labor
Union led by Terence Powderly that accepted skilled and unskilled workers.
American Federation of Labor (AFL)
Union led by Samuel Gompers for skilled workers only.
Collective Bargaining
Negotiation between workers and employers.
Great Railroad Strike (1877)
Major labor strike that turned violent.
Homestead Strike (1892)
Violent steelworkers' strike against Carnegie Steel.
Pullman Strike (1894)
Nationwide railroad strike stopped by federal troops.
Chinese Exclusion Act (1882)
Banned Chinese labor immigration.
Gentlemen's Agreement (1908)
Limited Japanese immigration.
National Origins Act (1924)
Restricted immigration from Southern and Eastern Europe