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Industrialization vocabulary

Industrialization

AB
Anti-trust LegislationA government regulation/law against forming trusts and monopolies, protecting the consumer by preventing a single company from controlling the entire industry.
industrializationThe process that transforms a country from an agricultural country to a country based on manufacturing.
Industrialization EffectsIndustrialization caused changed in social (people and their communities, political (politics and government), and economic (money or wealth-jobs and goods/services produced) aspects of society
Labor UnionAn organization of workers in a particular industry or trade, created to defend the interests of members through strikes or negotiations.
Laissez-FaireA policy where the government stays out of the economy. A French term meaning to let the people do as they choose. Businesses did not want the government interfering with the free market.
monopolyA monopoly (or trust) occurs when one company or person effectively controls an entire industry.
PopulismReform movement organized by farmers in the 1890s to improve their lives.
Populist PartyA group formed to represent the interests of farmers in the 1890s; they advocated issues such as public ownership of railroads and a graduated federal income tax.
ProgressivismA movement to change bad aspects of society, especially a desire to improve living conditions in the country.
Pull FactorThe good conditions which cause a person to enter another country to live (pull them in) such as wealth, employment, freedom and peace.
Push FactorThe poor conditions which cause a person to leave their country (push them out) such as unemployment, oppressive government, and war.
urbanizationThe process that occurred in this country after the Industrial Revolution when new industrial cities emerged and more Americans lived in cities to get jobs.



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