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Industrial Rev.
Ch 19 Industrial Revolution
Term | Definition |
---|---|
Second Industrial Revolution | A period of rapid growth in the U.S. manufacturing in the late 1800s |
Bessemer Process | A way to manufacture steel quickly by blasting hot air through melted iron to quickly remove impurities |
Patents | Exclusive rights to make or sell inventions |
Corporations | Businesses that sell portions of ownership called stock shares |
Trust | A number of companies under the same board of directors |
Social Darwinism | “survival of the fittest” theory decided which human beings would succeed in business and life |
monopoly | Total ownership of a product or service |
Sherman Anti-trust Act | A law that made it illegal to create monopolies or trusts that restrained trade |
Knights of Labor | Secret society that became the First National Labor Union • 8 hour workday • Equal pay for equal work • End of child labor |
American Federation of Labor (AFL) | An organization that united skilled workers into national unions for specific industries only |
Collective Bargaining | All workers acting together had a much greater chance of negotiating (bargaining) a deal |
Thomas Edison | inventor most well known for inventing the light bulb and establishing power plants in NY City |
Alexander Graham Bell | Well known for inventing the telephone |
Henry Ford | Founder of Ford Motor company, he created the moving assembly line and the first American automobile |
Wilbur and Orville Wright | Pioneers in the field of aviation known for creating the first gas-powered airplane. |
Andrew Carnegie | Made millions in the steel making industry |
John D. Rockefeller | Made his fortune in the oil business |
Homestead Strike | A labor union strike at Carnegie's Steel Factory in PA, violence between strikers and private detective (police) |
Pullman Strike | Railroad Strike that only ended when Grover Cleveland sent in to troops |