Semester 2 exam Flashcards
(100 cards)
Horizontal Integration
Business method used to control many companies involved in one stage of manufacturing, such as oil refining
Mother Jones
Union organizer for the Knights of Labor
Progressive
Movement that sought to enact political, corporate, and social reforms
Laissez-faire capitalism
Theory that calls for no government regulation of economic matters
Economies of scale
Business principle in which buying supplies and producing goods in bulk lowers production costs and increased profits
Muckrakers
Journalists who exposed social ills and political and business corruption
Women’s Christian Temperance Union
Organization that crusaded for the prohibition of alcohol
Carrie Chapman Catt
Suffragist who believed that the vote was only an “opening wedge”
Woodrow Wilson
Candidate who won the 1912 presidential in part because of a split in the Republican vote
Pure Food and Drug Act
Consumer-protection law that requires listing ingredients on labels for medicines and certain other consumer goods
William Jennings Bryan
Lost the 1896 presidential election despite the support of the Populist Party
African Americans
Workers who were confined to the most dangerous factory jobs
Militarism
Glorification of armed strength, leading to buildup of powerful weapons
Farmers
Group that suffered from shrinking markets and low prices during the 1920’s
Marcus Garvey
Black Nationalist leader of the Back-to-Africa movement
Bosnia
Country annexed by Austria-Hungary in 1908
Allied Powers
Group of united powers that included Great Britain and France
Herbert Hoover
Candidate who won the 1928 presidential election in part because of his opponent’s political liabilities
Herbert Hoover
Did too Little, too late to end the economic crisis
Planned obsolescence
Process of intentionally designing products to go out of style
Stock market
Produced enormous profits for investors as prices rose
Black Tuesday
October 29, 1929 when investors sold over 16 million shares of stock and caused the market to sink even lower
Prohibition
Attempted to fight urban problems by banning alcoholic beverages
Flappers
“New women” of the 1920s who enjoyed economic independence and challenged conventional behavior