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Description
Flashcards by Hannah Holmes, updated more than 1 year ago
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Created by Hannah Holmes
almost 6 years ago
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| Question | Answer |
| 1. What invention of the early 1800's fueled the Industrial Revolution of the end of the 19th and beginning of the 20th centuries? | Steel |
| 2. What man held an early monopoly of the Steel Industry, believed in what he called the Gospel of Wealth, and utilized business tactics such as Economies of Scale and Vertical Integration? | Andrew Carnegie |
| 3. What man monopolized the early Oil Industry and believed in utilizing Horizontal Integration? | John D. Rockefeller |
| 4. Explain the differences between Horizontal and Vertical Integration. | Vertical: buying businesses that provide supplies to your business Horizontal: buying out businesses that are your competition |
| 5. Family that was the first to monopolize the Railroad Industry: | Cornelius Vanderbilt |
| 6. Inventor of the light bulb, electric generator, phonograph, motion picture and etc.: | Thomas Edison |
| 7. Explain the Gospel of Wealth. | Wealthy have a duty to give back to the community and those without wealth investing by the community |
| 8. Identify the inventors of the following: Airplane, Internal Combustion Engine, Moving Assembly line, and Telephone. | Wright Brothers, Karl Benz, Henry Ford, Alexander Graham Bell |
| 9. Explain the significance of the knights of labor and identify their leader. | it allowed everyone to join (women, minorities, and unskilled laborers) and gained child labor reform and wage increases; Uriah Stephens |
| 10. Explain the difference(s) between the Knights of Labor and the American Federation of Labor | AFL still exists, each Union had their own identity, opposed female labor, no government intervention |
| 11. Leader of the AFL | Samuel Gompers |
| 12. Briefly explain the significance of the following labor strikes: a. Great Railroad Strike b. Haymarket Riot c. Homestead Strike d. Pullman Strike | a. b. sparks anti-labor sentiment and xenophobia, ends Knights of Labor c. leads to Pinkerton guards killing 16 people, governor calls militia to end strike and violence d. President Cleveland breaks up strike, unions struggled to make progress until; Eugene V. Debs involvement strikes fear in many that the labor movement is driven by radical Socialists |
| 13. Who is Jane Addams and what is her significance? | First Social Worker- Established the Hull House. Assisted poor immigrants. |
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