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Economics: The West - Rise of Labor (1860s-1910)
Terms in this set (18)
This person was a tycoon that held a monopoly over the RAILROAD lines of the Northeastern U.S. He created many enemies with his ruthless business tactics but made millions of dollars.
This person made his fortune by bringing the Bessemer Process to the U.S., which allowed for a fast, affordable, and efficient method of mass producing STEEL.
This person held a monopoly over the OIL business through his refineries that produced kerosene.
John D. Rockefeller
This person was an investment banker tycoon that transformed the U.S. economy through various investments that lead to a modernized and wealthy nation.
This person led a labor movement to end child labor and bring better working conditions to miners and other industrial workers.
This person patented over 1,000 inventions, including the light bulb.
This person was the first presidential candidate for the Populist Party, which represented the working class.
William Jennings Bryan
This person invented the moving assembly line which led to an efficient method to mass-produce cars, which made cars more affordable to most Americans.
This person created Hull House, a settlement home to provide services to poor immigrants living in cities.
A business leader whose means of amassing a personal fortune contributes positively to a country in some way
Captain of Industry
A business leader who uses questionable or unethical business practices to become powerful or wealthy
List 2 ways the Transcontinental Railroad helped the United States' economy.
1. Jobs - build and conduct the railroad
2. Transportation- people and merchandise to the west
What are some difficulties that homesteaders experienced on the Great Plains, which sometimes led to them losing their farms.
2. drop in prices of farm products- no money for your harvest
3. bad weather-too much rain, drought, tornadoes, too hot, too cold
What were some problems that the booming population caused cities in the late 1800s/early 1900s?
2. filth/ bad sanitation
3. bad housing (tenements)
Factory work was hard labor, which led to the creation of labor unions. What were some of the conditions they experienced which caused them to ask for positive change?
1. long hours
2. low pay
3. child labor
4. unsafe working conditions
When labor changes were not met, workers went on ___________________ to force their boss to treat them better.
When ONE business leader owns all of one type of a business, that person has created a ______________________________.
In order to raise money (capital) to expand their business, companies often sold ___________________________ to the public.
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