Period 6 Flashcards
(56 cards)
Gospel of Wealth
Carnegie’s Gospel of Wealth argued that the wealthy had a divine duty to invest their money back into society. (Universities, research, etc.)
Transcontiental railroad
Completed in 1869 thanks to contributions from Chinese Immigraints. Though the railroads were often subjects to the trusts, they often overcharged farmers to transport their goods.
Gilded Age
Gilded means covered in gold, and is not an indicator of what lies underneath. An analogy to describe this era of wealthy elites and crushed working class.
Chinese Immigration
Staring the Gold Rush, Chinese immigration flourised in California, however they often faced discrimnation and were subjected to unsual tax and kicked out of some industry. (Majorily built the transcontiental railroad)
“old” immigrants
Immigrants who came from Northwestern Europe, were proestant already had a skill, lived in rural areas, and assimilated easily.
“new” immigrants
Were Catholic or Eastern Orthodox mostly coming from Eastern Europe, and lived in urban areas for meager income. They often faced discrimination.
Labor Unions
The collective effort of employees to demand better conditions of employment. tactics: Slow-downs, strikes, political action,
Quota Act of 1924
Limited the number of immigrants allowed entry into the United States through a national origins quota
Chinese Exclusion Act of 1882
Banned any further Chinese Immigration into the United States.
Ellis Island
The entry point for immigrants coming from Europe.
Angel Island
Entry point for Immigration from Asia.
Monopoly/trust
The exclusive possession or control of the supply of or trade in a commodity or service.
Laissez-faire Capitalism
Translates to “let alone”. Used to describe the a economy with little or none governmental intervention. (This may have been due to corruption and bribes from shrwed businessmen)
Robber Barons/Captians of Industry
Captians of Industry: A favorable title given to the millionaires of the day. Robber Barrons: Shrewd businessmen
Andrew Carneige
Philanthropist (See: Gospel of wealth) and steel business mogul. Instead of hroizational integration, Carnegie utilized vertical integration where he owned every step of the production process; dominating the industry.
John D. Rockfeller
Founder of the Standard Oil Trust, he employed shrewd business tactics to eliminate competition. (Horizontal integration: Buying out your compeititors.)
Taylorism
The principle of breaking down production into simple steps, so unskilled workers could be utilized, and thus paid less.
Tenement
Poorly constructed, and poorly ventialied housing located near business districts. Home to immigrants and the poor and infectious diseases.
Granges
An organized movement for farmer resistance for socialization and education. (They passed the Commerce Act established Interstate commerce comission and reasonable/just railroad rates.) It started in response to the increased use of machinery.
Populist Party/populism
Wanted to correct the concentration of power held by elites. - Anti-traiffs and anti-gold standard
They were anti-traffis because when traiffs were enacted, retalitaory traiffs soon follow, which hurt farmers international sales.
William Jennings Bryan
A politician who was a dominant force in the liberal wing of the Democratic Party. Did not support the Gold Standard, railroads, or banks. Supporter of populist Dem. Promoted Free Silver, anti-imperialism, and trust-busting.
Progressive Movement
Sought to reform socities problems caused by the industrial age. Populist movement, City-beautiful, Temperance, Social Gospel, Social work.
Muckrakers
journalists and novelists of the Progressive Era who sought to expose corruption in big business and government
National Child Labor Comittee
the National Child Labor Committee set out on a mission of “promoting the rights, awareness, dignity, well-being and education of children.