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Period: to
American Industrial Revolution
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Eli Whitney
Eli Whitney created the cotton gin. Cotton gin caused more slavery because the South needed more slaves to produce more cotton. -
Mass Production
In order to meet the growing demand owners from factories developed systems for turning out large products fastly and less expensive. Mass Production helped these systems carry out tasks that were at one time done at hand. -
Urbanization
physical growth of rural or natural land in urban areas -
Laissez Faire
when the Government allowed businesses to operate under the minimal government regulation -
Enterprise
Enterprise is a project or undertaking typically1 that is harder or requires effort -
Entrepreneur
Entrepreneur is a promoter in the entertainment industry -
Means of production
Means of productionis Facilities and resources of producing goods. -
Bessemer process
bessemer process is a process of producing steel which filth is removed. -
Labor Union
An organized associationof workers often in a trade or profession formed to protect their rights and interests -
Knights of Labor
an organized group of tailors led by Uriah P. Stephens.The Knights attracted unskilled workers. -
Thomas Edison
Thomas Edison made the first model of a phonograph.
A phonograph is a record player. -
John D. Rockefeller
John D. Rockefeller changed the petroleum industry. John D. Rockefeller also founded the Standard Oil Company. -
Haymarket Square Riot
The Haymarket affair was a outbreak of violence. Demands for an 8 hour working day quickly became a wide spread among American laborers. -
American Federation of Labor
American Federation of Labor is a federation of North American labor unions.
American Federation of Labor looked at its members higher wages, working conditions and a shorter work week -
ICC
The United States created the ICC to oversee railroad operations. The ICC could only monitor railroads that crossed the state lines. -
Sherman Antitrust Act
The Sherman Antitrust Act outlawed any trust that operated in restraint of commerece and or trade between the several different states. -
Andrew Carnegie
He had monopoly in the steel industry. -
monopoly
the exclusive possession or control of the supply or trade in a commodity. -
Eugene v. Debs
a American union leader.
Eugene founded the industrial workers union. -
Tenement
A room or a set of rooms forming a separate residence within a house or block apartments -
Capitalism
a economic and political system which a country's trade and industry are controlled by private owners -
Traditional economy
An economy based on custom and traditional command. -
Command economy
An economy in which production investments and prices are decided centrally by a government
