Social studies

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37 Terms

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Patent

Document giving inventors sole rights to make and sell their products.

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Natural resource

Materials such as minerals, timber, oil, coal that occur in nature and can be used for economic gain.

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Bessemer Process

A process developed in the late 1850s that led to faster and cheaper steel production.

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Andrew Carnegie

Industrialist and humanitarian who focused on steelmaking and made a fortune through vertical integration.

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Vertical Integration

Ownership of the businesses involved in each step of the manufacturing process.

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Business cycle

Pattern of good and bad economic times.

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John D. Rockefeller

American industrialist and philanthropist who made a fortune in the oil business using horizontal integration.

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Cornelius Vanderbilt

Railroad tycoon.

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J.P. Morgan

Banking and finance leader who bailed out the US Government during the Panic of 1873.

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Laissez-Faire

"Hands-off" approach where the government does not interfere with big business.

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Survival of the Fittest/Social Darwinism

The concept that only the best and biggest companies survive.

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Horizontal integration

Ownership of all businesses in a certain field.

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Industrial Pioneer

Entrepreneur considered a leader in their industry because of positive contributions.

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Robber Baron

A business leader who became wealthy through unfair or questionable business practices.

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Monopoly

Complete control over an entire supply of goods or a service in a particular market.

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Assembly Line

A process that greatly reduced the cost of building a product, thus making cars more affordable.

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Mass production

Producing large quantities of goods which results in lower prices.

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Old immigrants

Term used for immigrants who arrived in the United States before the 1880s.

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New immigrants

Term for immigrants who arrived in the United States beginning in the 1880s.

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Steerage

An area of the ship in the lower levels where cramped quarters were provided for people who could only afford a cheap passage.

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Tenements

Poorly built, overcrowded apartment buildings.

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Sweatshops

Workplaces with long hours of labor in hot and unhealthy working conditions.

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Chinese Exclusion Act

Law that banned Chinese people from entering the United States for ten years, starting in 1882.

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Push factor

Reasons that cause people to move from one country to another.

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Pull factor

Reasons that attract people to a new country.

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Assimilation

Process by which a person or a group's language and/or culture come to resemble those of another group.

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Ellis Island

Entry port where immigrants from Europe arrived.

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Angel Island

Entry port where immigrants arriving from Asia were processed.

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Nativist

A person who wanted to limit immigration and protect the interests of people born in the United States.

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Communism

An economic and political system where all property is owned by the government and wealth is shared equally among citizens.

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Capitalism

An economic system where private individuals or businesses own property and operate for profit.

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Emma Lazarus’ Poem

"The New Colossus," a poem written on the Statue of Liberty that welcomes immigrants to America.

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America’s Description vs. Reality

America was described as a land of freedom and opportunity, but many immigrants faced discrimination, poverty, and poor living and working conditions.

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Union

A group of workers organized to protect their rights and improve wages and working conditions.

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Pullman Strike

A major 1894 strike by railroad workers protesting wage cuts; the U.S. government sent troops to end it.

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Washington and the Whiskey Rebellion

An uprising in 1794 where farmers protested a whiskey tax; President Washington sent federal troops to stop it, proving the new government’s authority.

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Political Cartoons

Drawings that criticized powerful business leaders like Rockefeller and opposed laissez-faire policies, advocating that the government should regulate big business.