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Patent
Document giving inventors sole rights to make and sell their products.
Natural resource
Materials such as minerals, timber, oil, coal that occur in nature and can be used for economic gain.
Bessemer Process
A process developed in the late 1850s that led to faster and cheaper steel production.
Andrew Carnegie
Industrialist and humanitarian who focused on steelmaking and made a fortune through vertical integration.
Vertical Integration
Ownership of the businesses involved in each step of the manufacturing process.
Business cycle
Pattern of good and bad economic times.
John D. Rockefeller
American industrialist and philanthropist who made a fortune in the oil business using horizontal integration.
Cornelius Vanderbilt
Railroad tycoon.
J.P. Morgan
Banking and finance leader who bailed out the US Government during the Panic of 1873.
Laissez-Faire
"Hands-off" approach where the government does not interfere with big business.
Survival of the Fittest/Social Darwinism
The concept that only the best and biggest companies survive.
Horizontal integration
Ownership of all businesses in a certain field.
Industrial Pioneer
Entrepreneur considered a leader in their industry because of positive contributions.
Robber Baron
A business leader who became wealthy through unfair or questionable business practices.
Monopoly
Complete control over an entire supply of goods or a service in a particular market.
Assembly Line
A process that greatly reduced the cost of building a product, thus making cars more affordable.
Mass production
Producing large quantities of goods which results in lower prices.
Old immigrants
Term used for immigrants who arrived in the United States before the 1880s.
New immigrants
Term for immigrants who arrived in the United States beginning in the 1880s.
Steerage
An area of the ship in the lower levels where cramped quarters were provided for people who could only afford a cheap passage.
Tenements
Poorly built, overcrowded apartment buildings.
Sweatshops
Workplaces with long hours of labor in hot and unhealthy working conditions.
Chinese Exclusion Act
Law that banned Chinese people from entering the United States for ten years, starting in 1882.
Push factor
Reasons that cause people to move from one country to another.
Pull factor
Reasons that attract people to a new country.
Assimilation
Process by which a person or a group's language and/or culture come to resemble those of another group.
Ellis Island
Entry port where immigrants from Europe arrived.
Angel Island
Entry port where immigrants arriving from Asia were processed.
Nativist
A person who wanted to limit immigration and protect the interests of people born in the United States.
Communism
An economic and political system where all property is owned by the government and wealth is shared equally among citizens.
Capitalism
An economic system where private individuals or businesses own property and operate for profit.
Emma Lazarus’ Poem
"The New Colossus," a poem written on the Statue of Liberty that welcomes immigrants to America.
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.
Union
A group of workers organized to protect their rights and improve wages and working conditions.
Pullman Strike
A major 1894 strike by railroad workers protesting wage cuts; the U.S. government sent troops to end it.
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.
Political Cartoons
Drawings that criticized powerful business leaders like Rockefeller and opposed laissez-faire policies, advocating that the government should regulate big business.