Second Industrial Revolution

Policy of minimal government interference in the economic affairs of individual businesses or society at large.

• Social Darwinism

• Laissez Faire Economics

• Vertical Integration

• Horizontal Integration

All of the following led to massive industrialization during the late-1800s in America EXCEPT:

• Large, cheap labor force

• Bessemer Process

• Low tariffs

• Abundant natural resources (oil, coal, etc.)

What enabled for the mass production of steel?

• Vertical integration

• Horizontal integration

• Bessemer Process

• High tariffs

The tactic of buying out a businesses supplier in order to increase profits.

• Horizontal integration

• Vertical integration

• Bessemer process

• Monopoly

Complete control over an industry and its prices.

• Monopoly

• Philanthropy

• Unionizing

• Integration

Giving to charities, libraries, schools, museums or other organization that aims to help humanity. Used to defend the massive wealth accumulated by the "titans of industry."

• Trust

• Monopoly

• Unionization

• Philanthropy

Who is this?

• John D. Rockefeller

• Cornelius Vanderbilt

• J.P. Morgan

• Ardrew Carnegie

All of the following were problems faced by workers during the Gilded Age EXCEPT:

• Government interference

• Low Wages

• Long work days

• No weekends

The most significant weapon laborers used against poor working conditions/low wages.

• Blacklist

• Yellow Dog Contracts

• Strikes

• Violence