Great Wealth, Great Problems Flashcards
Unit two (30 cards)
What was the Civil War about?
it was tough over the moral issue of slavery
Who was fighting in the civil war?
North (the union) and the south (the confederacy)
What did the north believe in during the civil war?
That they should abolish slavery
What did the south believe in during the civil war?
They should keep slavery
Who won the civil war?
The north
What was the reconstruction era?
An era followed by a lot of social, economic, legal and political challenges
What was the reconstruction amendments? And what did it say?
three additions to the United States Constitution that abolished slavery, granted equal rights to formerly enslaved people, and enshrined the right to vote for people of all races.
Who was fredrick Douglas?
Was a social reformer and abolitionist who was a leader in the American American civil rights
Definition of gilded
covered thinly with gold leaf or gold paint
What is vertical integration?
the business arrangement in which a company controls different stages along the supply chain.
Definition of monopoly
the exclusive possession or control of the supply of or trade in a commodity or service.
What are Robber barons?
a person who has become rich through ruthless and unscrupulous business practices
definition of urbanization
to make a place more urban (cities)
Who was Andrew Carnegie?
American industrialist- led the expansion of steel
Who was Upton Sinclair?
pioneered the kind of journaling called “muckraking”
The definition of muckraking
the action of searching out and publicizing scandalous information about famous people in an underhanded way.
What was Jim Crow
laws introduced in the late 19th century that enforced racial segregation
What was laissez faire?
a policy or attitude of letting things take their own course, without interfering.
What is horizontal integration
a business strategy in which one company grows its operations at the same level in an industry.
What is the captions of the industry
a business leader whose means of amassing a personal fortune contributed positively to the country in some way.
What is industrialization
the development of industries in a country or region on a wide scale.
Define big business
large-scale or important financial or commercial activity.
Social Darwinism
the theory that individuals, groups, and peoples are subject to the same Darwinian laws of natural selection as plants and animals
Vanderbilt
American who built his wealth from his railroads and shipping
