24 Flashcards
(23 cards)
Wabash v Illinois
Individual states had no power to regulate intestate trade
Interstate commerce act
Prohibits rebates and pools. Openly publish rates have to charge less for a shorter route. First time that gov is interacting with business ever
Importance of interstate commerce act
Set up interstate commerce commission
Vertical integration
Owning all aspects and services required to run a business
Horizontal integration
Teaming up with competitors to raise prices ( pooling)
American beauty rose
Have to pluck competitors to become the prettiest rose
Gospel of wealth
You owe society something If you’re rich. Giving them the opportunity through libraries etc.
Sherman anti trust act of 1890
Forbade combinations ad trusts but no distinction between food and bad trusts
What made south attractive for factory owners
Tax benefit and cheap labor
Biggest threat to union workers
Companies could eaaily replace them
How do rr open up international markets
If you can get product to west Asian markets only across a sea
Injunction
A government order to stop a strike. Can be broken up with force
Yellow dog contract
Contracts workers were forced to sign banning them from joining a union
Blacklisting
Troublemakers get fired and boss makes sure that noone else hires him
who’s enterprise was the railroad
vanderbilt
2 benefits made to railroads
steel tracks and standard track gauge
telophone
created in 1876 by Alexander Graham Bell. Changed the way that americans communicated especially across the country.
Bessemer process
technique that made stronger, cheaper steel.
Plutocracy
Wealthy taking control of the government
opportunities for women
could get a job and eventually led to the idea of vting for woen
American federation of labor
Association of smaller self governing unions
new immigrants
ffrom south and east, usually not christian. Good at unskilled factory labor. no education, and assocaited with crime and ghettos
Old Immigrants
Usually led normal lives, but tried to hide their immigrant past. Did not like new immigrants