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