Chapter 14: 2nd Industrial Revolution Flashcards

(45 cards)

1
Q

bessemer process

A

“air boiling”; purified steel to make America the world’s top producer; super hot air to take impurities out

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2
Q

Henry Bessemer

A

Bessemer process

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3
Q

Edwin L. Drake

A

first commercial oil well

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4
Q

wildcatters

A

oil prospectors

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5
Q

capitalism

A

competition determines price and wages

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6
Q

laissez faire

A

capitalism with no government intervention

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7
Q

social darwinism

A

Charles Darwin; applied to society; stronger businesses survive, weaker fail

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8
Q

proprietorship

A

small business; one person

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9
Q

partnership

A

two or more people involved in the company; all liable

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10
Q

corporation

A

businesses owned by stockholders; board of directors

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11
Q

monopoly and trust

A

companies merge; board or trustees who run as single entity; complete control of industry

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12
Q

John D. Rockefeller

A

vertical and horizontal integration; oil company

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13
Q

vertigal integration

A

own every step of the process

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14
Q

horizontal integration

A

only own one step of the process

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15
Q

Andrew Carnegie

A

used profits from businesses to do his company; steel company; vertical integration; Gospel of Wealth (wealthy help less fortunate)

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16
Q

Cornelius Vanderbilt

A

investing in railroads; New York Central; 4,500 miles of track by the height of his career; donated 1 million to university

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17
Q

George Pullman

A

made sleeper cars; built town south of Chicago to house workers to make happier

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18
Q

George Westinghouse

A

invented train air brakes; made ac in the household; formed electricity and manufacturing company

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19
Q

Phillip Armor

A

investor in meat packing; head of Armors Company

20
Q

duPont

A

began as gunpowder manufacturer; hierarchal managerial structure; shifted to chemicals, textiles, and kevlar

21
Q

kevlar

A

stabproof fabric

22
Q

Gustaves Franklin Swift

A

began as butcher; refrigerated train cars; advertised to win public confidence; 1st of antitrust prosecutors for price fixing

23
Q

Milton Hershey

A

failed 3 times as a candy maker; Lancaster Caramel Company; sold company of chocolate factory for milk chocolate; formed Hershey, PA

24
Q

J P Morgan

A

joined Vanderbilt and secured seat in NYCBOD; merge of Edison General Electric and Thomas-Houston Company; money maker for all the other rich people

25
Alexander Grahm Bell
worked with Thomas Edison; Bell telephone company; graphite and metal detector invention
26
robber barons
what middle class referred the rich people as
27
captains of industry
what rich people referred to other rich people as
28
mass marketing
Sears; anything you need in one store
29
hands-off policy
government couldn't interfere with the business
30
Sherman Antitrust Act
illegal to form trusts that interfere with trade
31
unions
group of workers that got together to protest for better working conditions
32
Knights of Labor
1869; campaigned for reforms; Terrence V Powderly; unskilled and skilled workers
33
Great Railroad Strike
1877; state militia called out; first strike
34
Haymarket Riot
1886; group of the Haymarket Square in Chicago protesting peacefully; bomb thrown; 8 men charged who weren't there
35
xenophobia
fear of foreigners
36
American Federation of Labor
forced employees to sign saying not to start unions; Samuel Gomners; only skilled laborers
37
blacklisted
can't get a job in town; called to other factories dirty talking employee
38
scabs
people trying to go to work during a strike to get other people's jobs
39
Homestead Strike
PA; manager tried to lock out workers; Carnegie Steel; 14 hour battle and 14 deaths; state militia called to resolve problem
40
Pullman Strike
cut wages by 25%; Eugene V Debs; Cleveland called federal troops; kept rent same price but lowered wages
41
streetcars
pulled by horses; San Fransisco
42
Wilbur and Orville Wright
airplanes; first to fly an airplane; Kitty Hawk; 12 seconds
43
Samuel Morse
morse code; inventor of the telegraph
44
Christopher Latham Sholes
OWERTY keyboard; typewriter
45
Thomas Eddison
almost deaf by 12; think in park with other inventors; Menlo Park, NJ