How did Edison’s power plant and Westinghouse’s power system affect productivity in factories?
People were able to start work earlier and end work later because they were not limited by the constraints of daylight.
How did Ford’s assembly line make automobiles more accessible?
The assembly line made productivity more efficient, and Ford could make more cars for less money.
Problems associated with horizontal integration
People began to fear the influence of business leaders over government
What concerns did critics of big business have regarding trusts?
Trusts arranged to sell goods and services below market value, causing small stores to go out of business. Then big businesses would raise their prices again.
Problems associated with monolopies
Monopolies reduced necessary competition that kept prices low and the quality of goods and services high
Why did critics oppose the practices of big business?
They believed big businesses used unfair practices like driving smaller competitors out of business and creating monopolies
Was the Sherman Antitrust Act successful?
No, because it did not legally define a trust
What caused labor unions to form?
to get better wages and working conditions for all workers in a factory or industry
How did the government react to the Pullman Strike?
President Cleveland sent federal troops to Chicago to stop the strike
hurt the labor movement bc there was a decline in the knights of Labor membership
gave workers a greater chance of success because workers were more persuasive to management when they all negotiated together
Why did workers command collective bargaining and business owners oppose it?
Workers would have a better chance of success but employers did not want to give into unions
Second Industrial Revolution
period of rapid growth in US manufacturing in the late 1800s
an exclusive right to make or sell inventions
businesses that sell portions of ownership called stock shares
Sherman Antitrust Act
A law that made it illegal to create monopolies or trusts that restrained trade
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