vertical integration- controlled steel i guess...?
horizontal integration- buying out other companies
everyone was trying to find ways to make products cheaper, easier way to make steel, or mass produce steel.
Darwinisum- the fittest will survive, aka those who were poor stayed poor those who worked hard and were rich got richer. The bigger companies bought out the smaller companies, and drove smaller people out of their job.
At that time there were only rich and poor not really any middle class.
American dream- if you work very hard you can become rich.
Its a very big pull factor for America, its why all the immigrants wanted to come to America.
They all wanted a chance to find a job, work hard, and become wealthy, even if that meant being surrounded by racists, and starting out with nothing.
corporations such as the Standard Oil Company, did not buy out all of the other companies.
The company became one of the richest in America, at that time.
The boss of the company, did not pay his workers well, but treated them well.
labor union- a club full of people trying to get better wages.
The workers often went on strike trying to better their points.
The workers had no vacation, and worked long hours, they never got a break from work, a lot of workers died during work.
That is why so many people wanted to farm, even though farming barely made any money, at least they were their own boss.
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