The period of time in which the United States underwent an economic transition as we shifted from goods produced by hand to machine production.
A point in time when people began to move from small farms into cities, especially young people moving from their farms to work in cities.
The United States was unable to fulfill the need for labor by hand; therefore they brought in many people from other countries to fuel to industry.
The time period in American History when population significantly grew and American's upper class began to extravagantly display their wealth.
People who robbed the people that worked for them and gave that money away for public works. They were also called captains of industry and often worked/ owned large corporations.
John D. Rockefeller
Owned the standard oil corporation and was the most powerful man of the time. Was a robber baron and captain of industry. Was a philanthropist. Bought out many other oil companies through questionable practices and methods.
One of the major captains of industry during the 19th and 20th century. Created one of the biggest steel corporations, "U.S. Steel." Also involved in founding museums, peace corporations, and a university.
Gospel of Wealth
The idea, established by many wealthier entrepreneurs during the Industrialization period, that wealth should be a benefit for all people. It was the idea that wealthy and successful businessmen were responsible for distributing their wealth in a way that would be put to good use.
The occurrence when companies merge or are bought by one another in the same level of the value chain. Similarly, it is the process in which companies begin to produce more products that are similar to the current type of products that they produce.
A type of management control in which a company with a common owner is responsible for a variety of steps in producing and selling a product, with each hierarchal level responsible for an individual job or product that contributes to the overall product.
Limitations on immigration that were passed by the U.S. government that established preferred immigration of those who were thought to be more "capable" and capable of success in the United States, while limited the immigration of those who were deemed "unnecessary."
Chinese Exclusion Act
Law passed by President Arthur on May 8, 1882, which excluded Chinese from entering the United States unless they obtained a certificate from the Chinese government that stated that they were qualified to immigrate.