assimilation - changing to adapt to the United States culture, Capital - money, resources, and equipment for investment, Captains of Industry/ Robber Barrons - the wealthy entrepreneurs who controlled new industries in America creating many jobs and pushing innovation, these men were also thought of negatively for the low wages and unsafe working conditions laborers faced, Chinese Exclusion Act - law that forbade any more immigration from China to the USA, corruption - dishonest or fraudulent conduct by those in power, typically involving bribery., entrepreneur - a person who runs a business and takes on all the risk and receives all the reward, factors of production - an economic term used to describe what is necessary to produce goods or services. (land, labor, capital, entrepreneurship), Free enterprise - an economic system in which businesses operate in competition with little government control, imperialism - when one nation dominates another - normally to gain access to resources and markets economically , new immigrants - during GA increase mainly from Eastern and Southern Europe and Asia, industrialization - the process of changing from an agricultural society to one based on manufacturing; the process of changing from making things by hand to making things by machine, Laissez-faire Capitalization - the belief that the economy runs best with no interference from government, Mass Production - the efficient production of large numbers of identical goods, Migration - movement from one place to another, monopoly - the exclusive, or total, control of an industry or service, trust - a form of monopoly, Urbanization - the process by which towns and cities are formed, Factors of Production - Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy., 16th Amendment - required Americans to pay an income tax, 17th amendment - allows for the direct election of Senators, 18th Amendment - prohibition of the sale, manufacture, transport of alcohol, 19th amendment - government cannot deny the right to vote based on gender, Federal Reserve Act - created government agency that controls monetary policy, Free Silver - unlimited coinage of silver to increase money supply., Inflation - a general increase in prices and fall in the purchasing value of money., Initiative - allows citizens to propose laws directly on a ballot, Meat Inspection Act - direct result of the book "The Jungle", Muckrakers - reporters, writers, and social scientists exposed the abuses of industrial society and government corruption., Pendleton Civil Service Act - establishing a merit-based system of selecting government officials and supervising their work., populist - a new national political party representing the "common man" - farmers, industrial workers, and miners proposing a 8 hour workday, progressive income tax, government ownership of railroads, free silver., Progressive Movement - aimed at correcting the political and social injustices resulting from industrialization ., Pure Food and Drug Act - protected consumers health and welfare by insuring quality products, Recall - elected officials could be removed from office by special election, Referendum - process that allows citizens to approve or reject a law passed by their legislature, settlement house - an all-purpose community center for poor people living in crowded cities, Social Gospel Movement - called for social reforms as a duty of Christians to enhance the lives of the less fortunate., Spoils System - government jobs given to supporters as reward for contribution to politicians., Square Deal - Teddy Roosevelt's progressive legislative program aimed at protecting the public health and preventing false claims by business owners, Tariff - tax on imported goods, Temperance Movement - organized effort to encourage moderation in the consumption of intoxicating liquors or press for complete abstinence.,
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Industrialization-ProgressiveEra-Imperialism
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