Social Studies Rise of Business

  1. How did the U.S government encourage westward movement?
    • Gave subsidies and free land
    • Charged railroad companies very little
    • Homestead Act- Gave cheap land to those who would keep it up and work for 5 years
    • Standard Time
    • Dawes Act- Made Native Americans assimalate and get off of their land
    • Sent army out west
    • Natives on Reservations
  2. How did the growth of the nation affect Native Americans?
    • Reservations
    • Dawes Act- Forced to Assimilate into American culture, like cut hair, less culture (like clothing) and sent away to boarding schools thousands of miles away.
    • They were given land for them to sell back to the government
    • No Addresses
    • Forced to speak English
    • Battles to stay on their land
    • Killed Buffalo
  3. How did Expansion of the Railroad network affect the United States economy?
    • Economy hit a oo,
    • Sent goods east-west
    • Cattle in Texas= not needed, but cattle sent to New York= Highly needed and $$$
    • Made the country a giant market
    • Corporations formed
    • Steel was a necessity
  4. What were the six main factors in the growth of business?
    • Natural Resources
    • Transportation
    • Inventions
    • Population
    • Immigration
    • Capital
  5. How did Inventions change the way people communicated, worked, and lived?
    • Inventions made life easier like:
    • Typewriter- send and communicate legibly and keep info
    • Railroad- Transported goods/ people
    • Assembly Line- 1 person specialized at 1 job as parts were sent down the conveyor belt
    • Vacuum Cleaner- Clean home faser w/o being on hands and knees
    • Dishwasher- Simpler to wash the dishes
  6. How did business change America because of inventions?
    • Unskilled Laborers
    • Moved to urban Areas
    • Immigrants came in (Pull Factor)
    • Many people had jobs
    • Businesses grew and created trusts/monopolies
  7. How did industrialization change the way people lived in America?
    • Urban areas
    • Tenements/slums
    • Lower pay
    • UNskilled workers
    • Poor
    • Sweatshops
    • Child Labor
    • Worked outside of home and many people worked in the family to support
  8. How did immigration impact the culture of America?
    • Americans lost jobs
    • Salad bowl- mixed together, but could still determine different cultures
    • Nativism- native born Americans are favored and stannd above others
    • X Melting Pot X- Become a brand new culture and a mix
    • Immigrants struggled to assimilate
  9. What were some struggles immigrants faced?
    • Prejudism
    • Assimilating
    • Speaking English
    • Making Money
    • Getting Respect
    • Cleanliness at home
    • Labor Unions excluded them
    • Child Labor
    • Skills
  10. What actions did business leaders make to make them Captains of Industry?
    • Lower prices of goods
    • Higher wages
    • Showed industry the way
    • Philanthopists (Donating $)
    • Expanded Nation
    • Explored ideas
    • Corporations
    • Organization
  11. What actions did business leaders make to make them Robber Barons?
    • Forced Companies to give them deals
    • Ran others out of business
    • Excluded the middle man
    • Built trusts
  12. Why did workers form labor unions?
    • Sweatshops were horrible and unsanitary
    • Triangle Shirtwaist Fire
    • Wanted better pay, conditions, benefits, shorter hours, and representation
  13. What were two of the oldest labor unions?
    • Knights of Labor
    • American Federation of Labor
  14. What tactics did labor unions use?
    • Collective Bargaining
    • Boycotting
    • Violence
    • Strikes
    • Picket Lines
  15. How did management counteract the actions in labor unions?
    • Lock downs prevented them from getting in and couldn't work
    • Replaced employees with strikebreakers
    • Injunctions- had the government deal with the issues and gov't always sided with management
  16. What was the governments policy towards business growth?
    • Laissez-Faire- Ignore it and let them work it out
    • Corrupt from political machines
    • Bribed by lobbyists
    • Side with management if needed
  17. Give 2 reasons why the government looked the other way as businesses grew and people were living in horrible conditions
    • Laissez-Faire- Ignore it and let them work it out
    • Corrupt from political machines
    • Bribed by lobbyists
    • Guilded Age
  18. What problems did people face as a result of rapid industrialization?
    • Poverty
    • People Lost money
    • Unsanitary
    • Crowded Cities
    • Disease
    • Sweatshops
    • Immigrants struggled
    • Tenements/slums
  19. Prove America was in expansion on the business cycle in the early 1900's
    • Corporations formed
    • Trusts/Monopolies
    • Railroad
    • New inventions
    • Many people working
    • Stock holders
    • People worked for little so companies were piling up with money
  20. Corporation
    A company that sells stock and is owned by many people
  21. Boycott
    Refuse to buy goods
  22. Transcontinental
    Across the country
  23. Entrepreneur
    A person who starts their own business
  24. Copywrite
    LEgal Protection of your creative work
  25. Trademark
    Symbol or Picture
  26. Dividend
    The shareholders portion of the companies profits
  27. Stock
    A piece of a company that an investor can purchase
  28. Capital
    Money that is available for investment, profits, and payinf of workers/shareholders
  29. Monopoly
    When a company is the only producer of a product
  30. Industrial Revolution
    The change from man made goods to machine made goods and made America urban
  31. Business Cycle
    The flow of ups and downs in the economy
  32. Patent
    PRotects an invention and makes sure only the maker can get profits from it
  33. Trust
    A company controls the source of goods and controls stocks in other business in it's industry
  34. Ellis Island
    • Made to accept and document immigrants
    • Immigrant station on east sea
  35. Boom
    A high point in the economy
  36. Recession
    When the economy starts to decend
  37. Depression
    The lowest point in the econmoy where many people have lost jos and are very poor
  38. Expansion
    When the economy is growing to a high point (boom)
Card Set
Social Studies Rise of Business
Review for Rise of Businesses Unit