Gilded Age: 1870- 1900

Period when corruption existed in society but was over shadowed by the wealth of the period ("gilded" is when something is golden/beautiful on the surface but is really cheap/worthless underneath.)

Edison/ lightbulb, Alex Graham Bell/ telephone, Eastman / camera, Ford/ assembly line, Morse/ telegraph, Wirght/ airplane.

1st stores were Macy's, Marshall Field's, and Wanamaker's; 1st catalogs were sears and roebuck and montgomery ward's.

When things are produced by machine in large quantities instead of by hand.

Vanderbilt (RR), Carnegie (steel), Rockefeller (oil), and Morgan (steel).

vertical - when a monopoly exist b/c it owns/ controls every step in producing a product Horizontal - when a monopoly exist b/c they have bought out all the competition.

Positive idea that industrial leaders worked hardand deserved their wealth.

Negative idea that industrial leaders stole from their workers by giving them low wages and were greedy.

"survivial of the fittest" in society; the strong will survive b/c they work hard and the weak will be weeded out.

Beleif that the wealthy were "chosen by god" to be successful and were therefore responcible to look out for the well-being of those less fortunate; many shared their wealth through charities. (carnegie)

Idea that government should not regulate business in any way; this is the basic idea behind capitolism.

Passed to break up monopolies; was not enforced until Teddy Roosevelt was pres.

Passed to regulate trade b/t states; it regulated RR rates

Push factors push someone out of their county and pull factors are things that attract people to their country.

Fear of foreigners