Chapter 18 Flashcards
(28 cards)
Haymarket affair
the rally and subsequent riot in which several policemen were killed when a bomb was thrown at a peaceful worker’s rights rally in Chicago in 1886
holding company
a central corporate entity that controls the operations of multiple companies by holding the majority of stock for each enterprise
horizontal integration
method of growth wherein a company grows through mergers and acquisitions of similar companies
Molly Maguires
a secret organization made up of Pennsylvania coal miners, named for the famous Irish patriot, which worked through a series of scare tactics to bring the plight of the miners to public attention
monopoly
the ownership or control of all enterprises comprising an entire industry
robber baron
a negative term for the big businessmen who made their fortunes in the massive railroad boom of the late nineteenth century
scientific management
mechanical engineer Fredrick Taylor’s management style also called “stop-watch management,” which divided manufacturing tasks into short, repetitive segments and encouraged factory owners to seek efficiency and profitability over any benefits of personal interaction
social Darwinism
Herbert Spencer’s theory, based upon Charles Darwin’s scientific theory, which held that society developed much like plant or animal life through a process of evolution in which the most fit and capable enjoyed the greatest material and social success
trust
a legal arrangement where a small group of trustees have legal ownership of a business that they operate for the benefit of other investors
vertical integration
a method of growth where a company acquires other companies that include all aspects of a product’s lifecycle from the creation of the raw materials through the production process to the delivery of the final product
Which of these was not a successful invention of the era? A. high-powered sewing machines B. movies with sound C. frozen foods D. typewriters
B. movies with sound
What was the major advantage of Westinghouse’s “alternating current” power invention?
A. It was less prone to fire.
B. It cost less to produce.
C. It allowed machines to be farther from the power source.
D. It was not under Edison’s control.
C. It allowed machines to be farther from the power source.
How did the burst of new inventions during this era fuel the process of urbanization?
the pushed for the development of other personal and business products. It also created technology that could be adapted to be used in other areas of life. Increased jobs in factories in the city, because people were now no longer dependent on water for power and cities, began to really take off.
Which of the following “robber barons” was notable for the exploitative way he made his fortune in railroads?
A. Jay Gould
B. Cornelius Vanderbilt
C. Andrew Carnegie
D. J. Pierpont Morgan
A. Jay Gould
Which of the following does not represent one of the management strategies that John D. Rockefeller used in building his empire?
A. Horizontal integration
B. Vertical integration
C. Social Darwinism
D. The holding company model
C. social Darwinism
Why was Rockefeller’s use of horizontal integration such an effective business tool at this time? Were his choices legal? Why or why not?
He eliminated the competition leaving his products the only ones available. It doesn’t seem legal because he forged documents to obtain lower prices and used harassment as a way to get what he wanted.
What differentiated a “robber baron” from other “captains of industry” in late nineteenth-century America?
robber barons were businessmen just like other captains of the industry, however, the barons believed in exploiting workers and bending the law in order to get what they wanted
What was one of the key goals for which striking workers fought in the late nineteenth century?
A. Health insurance
B. Disability pay
C. An eight-hour workday
D. Women’s right to hold factory jobs
C. an eight-hour workday
Which of the following was not a key goal of the Knights of Labor?
A. An end to convict labor
B. A graduated income tax on personal wealth
C. Equal pay regardless of gender
D. The creation of cooperative business enterprises
B. a graduated income tax on personal wealth
What were the core differences in the methods and agendas of the Knights of Labor and the American Federation of Labor?
KOL: opened their base to more members, including African Americans and women. worked toward an eight-hour workday, equal pay regardless of gender, the elimination of convict labor, and the creation of greater cooperative enterprises with worker ownership of businesses. “One Big Union” that welcomed anyone which was a break from the traditional unions.
AFL: focused its efforts on economic gains for its members. did not interfere with individual union’s businesses but rather disputes between unions. a loose affiliation of different unions.
Which of the following did not contribute to the growth of consumer culture in the United States at the close of the nineteenth century?
A. Personal credit
B. Advertising
C. Greater disposable income
D. Mail-order catalogs
C. Greater disposable income
Briefly explain Roland Marchand’s argument in the Parable of the Democracy of Goods.
Marchand argues that in the new era of consumerism, workers’ desire for access to consumer goods replaces their desire for access to the means of production of those goods.
Consider the fact that the light bulb and the telephone were invented only three years apart. Although it took many more years for such devices to find their way into common household use, they eventually wrought major changes in a relatively brief period of time. What effects did these inventions have on the lives of those who used them? Are there contemporary analogies in your lifetime of significant changes due to inventions or technological innovations?
Lights allowed people to work later or earlier and not just when the sun was out. This meant more could be produced and things could be made in less time. The phone allowed for people to order things over the phone and reach places that were not within their normal reach.
Industrialization, immigration, and urbanization all took place on an unprecedented scale during this era. What were the relationships of these processes to one another? How did each process serve to catalyze and fuel the others?
Industrialization leads to the creation of new things which sparked excitement but also lead to new technologies. The technologies lead to more advancements and more industrialization. Industrializing created more and bigger factories that lead people to move toward urban areas. The excitement enticed people to immigrate over.