Ch. 10 Flashcards

1
Q

travois

A

a sled pulled by a dog or a horse

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2
Q

dividends

A

share of a corporation’s profit

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3
Q

triangle fire

A

fire in 1911 at the triangle shirtwaist factory that killed nearly 150 people

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4
Q

jerky

A

dried meat

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5
Q

who invented the moving assembly line

A

henry ford

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6
Q

first american corporation to be worth $1 billion

A

US steel company

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7
Q

when did airplanes become widely used

A

during/after world war 1- useful because they could be used to see the enemy location, they could travel 40 mph, and could drop bomb on enemy positions

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8
Q

john d. rockefeller

A

bought up oil refineries, slashed prices to eliminate competition, and utilized supply and demand to increase sales

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9
Q

wounded knee creek

A

shot mistakenly fired, led to people shooting at each other

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10
Q

andrew carnegie

A

controlled the steel industry by buying out rivals, buying iron mines, railroads, steamline ships, and warehouses- gave millions to charities because he believed in the “gospel of wealth”

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11
Q

j.p. morgan’s industry

A

US steel company

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12
Q

tepee

A

tents made by stretching buffalo skin on tall poles

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13
Q

where was sitting bull killed

A

wounded knee creek

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14
Q

supply and demand

A

an economic theory in which the price of a resource is determined by the availability of the resource and the demand for it

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15
Q

haymarket riot

A

labor rally in chicago that ended in violence when a bomb exploded

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16
Q

4 examples of what bulls were used for

A

food
shelter
clothing
tools

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17
Q

wright brothers

A

orville and wilbur wright flew the first plane which flew 150 feet in 12 seconds

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18
Q

anarchists

A

people who oppose all forms of organized government

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19
Q

where did sitting bull get killed

A

wounded knee creek

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20
Q

andrew carnegie’s company

A

carnegie steel

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21
Q

strikebreaker

A

replacements for striking workers

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22
Q

reservation

A

a limited area of land set aside for native americans

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23
Q

who bought who’s company and what were the names of the companies

A

j.p. morgan bout andrew carnegie’s industry- carnegie steel became the US steel company

24
Q

afl (american federation of labor )

A

organization of trade unions that represented skilled workers

25
sherman antitrust act
a law that banned the formation of trusts and monopolies of the US
26
trade union
a union of persons working in the same trade
27
battle of little bighorn
battle where 225 soldiers from the 7th calvary where col. george a. custer were killed by indians led by sitting bull and crazy horse
28
corral
enclosure
29
corporation
business owned by investors
30
fort laramie treaty
native americans had to stay in one place in exchange for gov. protection and aid
31
who created the standard oil company
john d. rockefeller
32
3 captains of industry
andrew carnegie- carnegie steel industry j.p. morgan- US steel industry john d. rockefeller- standard oil company
33
thomas edison
built a research lab in ny, invented the light bulb, phonograph, first electric power plant, and moving pictures and short movies
34
bessemer process
william kelly and henry bessemer discovered a new way to make steel, it enabled the production of steel at a low cost; railroads replaced iron with steel
35
why were trusts good and why were they bad
they were good because they could compete by selling the best products at the lowest prices and the wages increased; they were bad because they eliminated competition and hurt smaller businesses
36
what did capitalism own and what did this allow companies to do
private citizens with a free market; to sell and buy goods as needed
37
vertical integration
gaining control of all the steps used to change raw materials into finished products
38
another creek where 150 innocent people were killed
sound creek massacre
39
sweatshops
workplace where people labor long hours in poor conditions for poor pay
40
ilgwu (international ladies' garments workers union)
union of garment workers
41
trust
a group of corporations run by a single board of directors
42
where did the first airplane fly
kitty hawk, north carolina
43
what happened on the plains with the buffalo and who did this hurt and why
buffalo were killed by buffalo hunters, this hurt the plains' indians because they used the buffalo for a lot of things
44
alexander graham bell
invented the phone
45
when did planes first catch on
after world war II
46
scarcity
a state of limited sources
47
standard oil company
company created by john d. rockefeller, it was a monopoly that controlled 95% of america's oil company
48
moving assembly line
greatly reduced time to make an automobile and mass production of cars and other products started soon after
49
capitalism
business owned by private citizens
50
collective bargaining
the right of unions to negotiate with management for workers as a group
51
j.p. morgan
used banking skills to make high profits to control corporations, bought up troubled corporation and reduced competition
52
monopoly
a company or group having control over all or nearly all of the business in an industry
53
knights of labor
american labor organization to protect the rights of workers
54
stock
partial ownership of the company
55
dawes act
gave land to native americans by dividing reservations for farming to adopt to white customs; land was not good for farming so the native americans sold the land to white settlers