RHS US-A Unit 1

2.8 (8 reviews)
Manifest Destiny
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Terms in this set (26)
Refers to the industrialists or big business owners who gained huge profits by paying their employees extremely low wages. They also drove their competitors out of business by selling their products cheaper than it cost to produce it. Then when they controlled the market, they hiked prices high above original price.
Image: Robber Barons
TenementsUrban apartment buildings that served as housing for poor factory workers. Often poorly constructed and overcrowded.BonanzaSource of great wealth. Large farms going from family run subsistance farms to square miles of farmland farmed for the purpose of making a large profit.Transcontinental RailroadRailroad connecting the west and east coasts of the continental USHorizontal IntegrationType of monopoly where a company buys out all of its competition in the same industry. Ex. RockefellerVertical IntegrationPractice where a single entity controls the entire process of a product, from the raw materials to distributionChinese Exclusion Act1882 law that barred Chinese laborers from entering the United StatesMarxismEmerged as the most famous socialist belief system during the 19th century. Saw all of history as the story of class struggle.Lock outsa company tool to fight union demands by refusing to allow employees to enter its facilities to workArbitrationsettling a dispute by agreeing to accept the decision of an impartial outsiderDry Farminga way of farming dry land in which seeds are planted deep in ground where there is some moisture as well as relying on rainfall.Placer Miningmethod of extracting mineral ore by hand using simple tools like picks, shovels, and pansQuartz Miningmethod of extracting minerals involving digging beneath the surfaceOpen RangeA vast area of grassland owned by the government where ranchers could graze their herds for freeAmericanizationBelief that assimilating immigrants into American society would make them more loyal citizensTrustA group of corporations run by a single board of directorsLassez-faire capitalisman economic system in which the means of production and distribution are privately owned and operated for profit with minimal or no government interference.

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