Unit 5 Key Terms (Oppression and Inequality) Flashcards
Industrialization
the development of industries in a country or region on a wide scale
Robber Barons
successful industrialists whose business practices were often considered ruthless or unethical
Captains of Industry
their profits from either their steel company or standard oil company, they give back to the society instead of themselves. They believed in the idea that people give in to you, in which you must give out as well.
Andrew Carnegie
American industrialist and led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history
Monopoly
a market structure that consists of only one seller or producer.
Vertical Integration
a business strategy in which a company takes ownership of two or more key stages of its supply chain
Horizontal Integration
a business strategy in which one company grows its operations at the same level in an industry
Triangle Shirtwaist Fire
the deadliest industrial disaster in the history of the city, and one of the deadliest in U.S. history leading to the transformation of the labor code of New York State and to the adoption of fire safety measures that served as a model for the whole country.
Union Tactics
striking, picketing, and boycotting
gospel of wealth
hard work and perseverance lead to wealth
Benjamin Harrison
23rd president
Sherman Anti-Trust Act of 1890
to promote economic fairness and competitiveness and to regulate interstate commerce
Literacy Tests
Literacy tests were used to keep people of color – and, sometimes, poor whites – from voting
Poll Taxes
a tax a person is required to pay before he or she is allowed to vote. Poll taxes were used in many southern states after the Reconstruction period to restrict African-American citizens’ right to vote. Grandfather clause.
Exodusters
a name given to African Americans who migrated from states along the Mississippi River to Kansas in the late nineteenth century
