New Industry Flashcards
(14 cards)
Discuss how new inventions helped stimulate the economy
Telegraph, telephone, assembly line, electricity, railroad, steamships made goods easier and faster ,mass production like assembly line produced goods faster and cheaper helped businesses communicate, transport
What factors helped industry
grow in America?
Railroads, Inventions, Mass production, assembly line, natural resources, free enterprise system
Monopoly
complete control over an Industry
Mass Production
producing large amounts of goods quickly
Standard Oil
Owner John D. Rockefeller
Henry Ford (Assembly Line)
Mass Production techniques
Each person had a specialized task(Job) to make goods a lot faster and cheaper
Sherman Anti Trust Act
tried to stop the growth of Monopolies by making trusts illegal
What were working conditions
like in the late 19th century?
Working conditions were bad, and child worked long and hard conditions
Sweatshops
dangerous, unhealthy factories
Discuss Child Labor
Kids often worked in mines and factories
Labor Unions
organizations that worked for better conditions and pay
Triangle shirtwaist fire
50 Workers died mostly young immigrant women. the doors were locked hardly any safety precautions Results – safety reforms in the work place
Andrew Carnegie
Monopoly over Steel industry Greatest Philanthropist
Philanthropy
Giving money and donating to the community For Public good
