Unit 2 Flashcards
What was this age?
A time when capitalism was fully embraced
When was the gilded age?
1877-1895
What is capitalism?
Taking a seed (money) and investing it in something in hopes it will grow (create more money).
Why is competition a good thing?
It makes quality, price, and service better
People want the best quality, so competition makes people strive to make a better product
Who created the phrase “survival of the fittest”?
Herbert spencer
What is social Darwinism?
This says that evolution and survival of the fittest applies to the economy
What quote sums up the idea of social Darwinism?
“If you cannot compete, you deserve for your business to be overrun.”
What was a huge product during this age?
Steel
Who made the first skyscraper?
The U.S.
What were they calling places with skyscrapers?
Vertical cities.
What did the world convert to?
Fossil fuels
What happened to local markets?
They became national markets
What did advertising show men and women?
It especially showed women what the latest style was, but also showed some of that to men
What happened to music in this time period?
It went national for the first time.
What was the US recognized as for the first time?
An industrial power
What else was the US recognized as?
The melting pot
Who was Herbert spencer?
A British philosopher
Created the concept of social Darwinism
What does gilded mean?
Covered
Coated
Highlighted with gold
Something of a golden color
Who were Nate presidents in the guided age?
Hayes Garfield Arthur Cleveland Harrison Cleveland
Who was Cleveland married to?
Frankie
What was the name of their child?
Ruth Cleveland
What candy was named for her?
Baby Ruth
Which president was in power when new states were added and how many?
6
What was the significance of the middle class?
There were a lot of new businesses
It gave people the hope to move up classes
If you were at the top, there was less to fall