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REVIEW FOR TEST ON INDUSTRIALIZATION
Survival of the fittest
Government does not interfere with business
Large companies forced small companies out of business.
SOCIAL DARWINISM
John D. Rockefeller - Oil
Andrew Carnegie – Steel
Cornelius Vanderbilt – Railroads
JP Morgan – banking
Robert Fulton – steam boats
BIG BUSINESS LEADERS
Henry Ford
Assembly line
Increase in production
Increase in demand in steel and rubber
MASS PRODUCTION
Thomas Edison – Light bulb, many inventions
Samuel Morse – Telegraph
Alexander Graham Bell – Telephone
Inventions – helped factories to improve efficiency
INVENTORS
Transported goods to markets
Gave rebates to big businesses
RAILROADS
Horizontal integration – used to reduce competition
TERMS
After the fire – called for laws to regulate safety in factories
TRIANGLE SHIRTWAIST FACTORY FIRE
Paid lower wages
Dangerous working conditions
CHILD LABOR
Late 1800s – American opinion – striking workers didn’t need help
Labor unions developed to improve working conditions
Strike – workers refuse to work
Function – represent workers
LABOR UNIONS
Terence Powderly – Knights of Labor
Union for skilled and unskilled – Knights of Labor
Samuel Gompers – American Federation of Labor
LABOR UNIONS
Haymarket Riot – a setback for labor organizations – violence broke out
Blacklist – a secret listing of undesirable workers by employers
TERMS