Unit 4-Gilded Age (Notes p.1-6)

Front

This Gilded Age invention provided a market for coal and steel in Eastern cities and was the largest employer in the US from 1870 to 1890.

Back

Railroad

Front

This invention made it possible to build steel skyscrapers and bridges in Eastern cities

Back

Bessemer Process

Front

The idea that government would not interfere with businesses doing whatever they needed to in order to make money

Back

Laissez-Faire Economics

Front

Populists wanted these regulated to keep farmers from being overcharged on freight: Railroads, Banks, Telegraphs, Commodities Markets

Back

Railroads

Front

Populists wanted these in all elections so no one could influence your vote

Back

Secret Ballot

Front

The Knights of Labor and the American Federation of Labor developed in response to the increased need to protect worker interests.

Back

Increased need to protect worker interests

Front

Which term is used to describe people that have a strong dislike for immigrants?

Back

Nativism

Front

Someone who follows the "laissez-faire" approach to economics would agree most with which of the following statements? Government should only play a small role in the economy and limit the rules and regulations it puts on businesses

Back

Government should only play a small role in the economy and limit the rules and regulations it puts on businesses

Front

How can American society best be described during the Gilded Age? Options: The large majority of Americans are involved in business ownership and are very wealthy, There is a small number of very wealthy millionaires, however many citizens also live in poverty, Huge numbers of American citizens are immigrating to Europe to seek new opportunities, There is an equal number of wealthy and poor citizens

Back

There is a small number of very wealthy millionaires, however many citizens also live in poverty

Front

Andrew Carnegie used this business strategy, where a company owns or controls every part in the creation of its product (resources, factories, transportation)

Back

Vertical Integration