Ch.18 Voc Flashcards
(12 cards)
System in which corporations give shares of their stock to trustees who hold the stocks “in trust” for their stockholders, thereby coordinating the industry to ensure profits to the participatingcorporations & curb competition.
Trust
A period of enormous economic growth and ostentatious displays of wealth during the last quarter of the 19th century.
Gilded Age
Investment sponsored by banks and bankers that typified the American business scene at the end of the 19th century.
Finance Capitalism
A social theory popularized in the late 19th century by Herbert Spencer and William Graham Sumner.
Social Darwinism
The idea that the financially successful should use their wisdom, experience, and wealth as stewards for the poor.
Gospel of Wealth
System in which politicians doled out government positions to their loyal supporters.
Spoils System
System of racial segregation in the south lasting from after the civil war into the 20th century.
Jim Crow
All-women organization founded in 1874 to advocate for total abstinence from alcohol.
Women’s Christian Temperance Union(WCTU)
Effort in the 1880s to end the spoils system and reduce government corruption.
Civil Service Reform
Federal regulatory agency designed to oversee the railroad industry.
Interstate Commerce Commission(ICC)
1890 act that outlawed pools & trusts, ruling that businesses could no longer enter into agreements to restrict competition.
Sherman Antitrust Act
Term used in the late 19th century by those advocated minting silver dollars in addition to supporting the gold standard and the paper currency backed by gold.
Free Silver
