Study test 1 part anawer

Study test 1 part anawer - Rise of Industry 1 Raw materials...

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Rise of Industry 1. Raw materials- abundance of coal. 2. new technologies- electricity, telegraph, soft steel, oil, refrigerator, caned food, then telephone replace telegraph, 3. management and research – emphasis on education and science Taylorism – assembly line, eliminated skilled craftsmen, made jobs simple so anyone could do it 4. railroad – critical to development of west, RR cops. Are leaders in research 5. new type of corps. – stocks, lower the amount of stock to low% so anyone can afford it Horizontal integration – one corp. owns all the competing companies, a monopoly Vertical integration - one corp. owns everything involved in making the material, owns the mine, the facility to produce the product, and the store to sell it in. Trusts –industries controlled by small group of people 6. cheap labor – immigrants work for less, women and children work for less. 7. gov’t regulation – gov’t that governs the least governs the best. Robber Baron’s/Captain of Industry – extremely wealthy people b/c no income tax Social Darwinism – Herbert Spencer economy benefited form he elimination of the
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This test prep was uploaded on 04/21/2008 for the course HIST 2020 taught by Professor Oldlady during the Spring '07 term at University of South Florida.

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Study test 1 part anawer - Rise of Industry 1 Raw materials...

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