Chapters 13-16 Flashcards

(36 cards)

1
Q

Monopoly

A

exclusive control of one company over an industry in a particular market to make possible manipulation of prices.

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2
Q

horizontal integration

A

buying up/owning all the producers of that good

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3
Q

vertical integration

A

buys all the MATERIALS for the product (such as Rail roads, products, etc)

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4
Q

Andrew Carnegie

A

used vertical integration for steel

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5
Q

John D. Rockefeller

A

Owns all standard oil companies

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6
Q

JP Morgan

A

wealthy banker (financed others typhoons)

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7
Q

Bessemer Process

A

process to purify iron to strong lightweight steel

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8
Q

laissez-faire

A

government should not interfere with economic affairs

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9
Q

cartels

A

trust formed especially to regulate prices

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10
Q

trust

A

companies assign stock to trustees who combine them into a new organization

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11
Q

Sherman Anti-trust Act

A

1890-outlawed trusts that held back trade

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12
Q

Interstate Commerce Commision

A

oversee interstate transportation/railroads

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13
Q

WASP

A
White
Anglo
Saxon
Protestants 
(progressives)
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14
Q

Knights of Labor

A

1869-labor union, secret society, devoted to broad social reform

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15
Q

American Federation of Labor

A

1886- loose organization of skilled workers, devoted to skills/trades

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16
Q

Jim Crow laws

A

laws separating blacks from whites

17
Q

WEB Du Bois

A

demanded that blacks receive rights

18
Q

Booker T. Washington

A

famous black leader during the late 19th century (accommodate to segregation)

19
Q

Granger Movement

A

providing education on new farming

20
Q

Socialism

A

economic/political philosophy that favors a public control of property

21
Q

swearshop

A

small, hot, dirty, dark workhouses for factory workers

22
Q

spoils system

A

politicians awarded government jobs to loyal party workers

23
Q

Grandfather clause

A

allowed a person to vote as long as long as his ancestors had voted prior to 1866

24
Q

poll tax

A

required voters to pay a tax to vote

25
literacy tests
given to vote, prevented blacks from voting
26
corporation
large business with multiple owners, 100's of workers, board of directors, and executive
27
presidents:
1884: Grover Cleveland 1888: Benjamin Harrison 1892: Grover Cleveland 1896: McKinley (elected because of urban workers, he said populists were dictators, McKinley also had a lot of money
28
William Jennings Bryan
populist/democratic leader, democrats wanted silver coinage to create inflation, which they hoped would raise their income
29
Tariffs and Gold standard
Republicans: increase tariff- allows industries to grow, promote jobs in manufacturing Democrats: decrease tariff- high tariffs increased cost of goods to consumers, hard to sell goods abroad
30
populism
poeple's party-1892-build a new political party, many of its specific reforms became a reality in the 20th century.
31
Plessy v. Ferguson
14th amendment- equal rights to all. Plessy sat in a white car on a train and was arrested. 7:1 vote-separate car rule did not violate the 14th amendment.
32
Civil Service Reform
system that includes federal jobs in executive branch
33
Assassination of James Garfield
prez. killed in 1881 by a man (Charles Guiteau) who wanted to be the ambassador to France
34
Cornelius Vanderbilt
Railroad typhoon
35
"Robber barons" or "Captains of Industry"
wealthy and powerful 19th-century American businessmen
36
"Gilded Age"
period spanning approximately the 1870s to the turn of the twentieth century (new lifestyle that middle class Americans adopted during this period-shopping, sports, reading popular magazines/newspapers)