calss notes 1-4 Flashcards Preview

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Flashcards in calss notes 1-4 Deck (29):
1

A way to analyze the value of money across a number of years.

Real Wages

2

makes soybeans and peanuts profitable by creating over 300 uses for peanuts and 200 for soybeans.

George Washington Carver

3

A teacher who worked closely to the soil and was convinced that planting legumes could bring a good crop and replenish the soil

Booker T. Washington

4

a parasite to cotton, a glorified cotton roach that turns cotton into mush.

Bollweavel infestation

5

he develops is the synthesis for new material. Through this he is able to save the southern agriculture.

George Washington Carver

6

things lead to labor issues

a. Railroad strike in 1877
b. Haymarket riot
c. Homestead strike
d. Pullman strike
e. Coxey’s army

7

believed that unionizations were good because they worked together to get what they need, but going on strike was actually reserved for a final act of desperation. He founds the American Federation of Labor, essentially the first effective labor organization

Grompers

8

often looked upon as a hero, he was a socialist

Eugene Debs

9

a belief that there should be equal opportunity for everyone involved

Socialism

10

creates “Standard Oil” which later breaks into smaller companies, Exxon, Chevron. All that he had was built from nothing.

J.D. Rockefeller

10

– INVENTED THE FIRST OIL WELL IN 1859

EDWIN DRAKE

11

biggest organization to exist in American history

standard oil

12

big financier founded the idea of merging businesses

J.P. Morgan

13

a loose confederation (cartel) attempt to try and prevent competition.

Pools

14

Try and limit big business- big advocates of laissez faire concepts.

trust

15

1st attempt to regulate business in America

Granger Law (Farmers Unions)

16

(state laws) trying to regulate the R.R.’s

Grangers Laws

17

1st government regulatory agency

Interstate Commerce Act

18

regulates many other things besides railroad demonstrates Pandora’s Box effect

ICC

19

1st anti-trust act

Sherman Anti-Trust Act

20

purposely breaks up business deemed harmful to American Competition.

Sherman Anti-Trust Act

21

.- 1st grocery store chain

A & P Tea Co

22

sells a multiplicity of things; model that gives us places like Field’s, Macy’s, and J.C. Penny.

Department Store

23

1st Department Store

Wanamaker's

24

Pioneers another kind of business- mail order catalogs. The dominant department type business.

Sears

25

- created Post Cereal.

Charles W. Post

26

focus on wellness/health, believed eating raw cereals, quality nutrition makes quality people.

John & William Kellogg

27

#1 sport, allegedly invented by Doubleday

baseball

28

1903

Henry Ford- Assembly Line