Term 2 Exam Flashcards
(138 cards)
Transcontinental Railroad
- A continuous rail line constructed from 1863 and 1869 between Omaha, Nebraska and San Francisco Bay, California.
- It significantly boosted trade and commerce, allowing goods to be transported more efficiently between the East and West coasts.
Steel
- Became essential for constructing skyscrapers, bridges, and railways.
- Using the Bessemer Process, it made the production of steel cheaper and more efficient.
Electricity
This was essential to industrial and urban growth as it was more flexible and reliable than water or stream. It transformed the process of manufacturing and transportation and played a crucial role in the advancement of technology.
Petroleum
Oil became essential for powering transportation and manufacturing, leading to its classification as a strategic resource for national economies.
Internal Combustion Engine
Significantly increased industrial productivity by powering machines that operated more efficiently than previous steam-powered alternatives. Factories could run continuously with higher output rates, which led to reduced production costs.
Bessemer Converter
A method invented by Henry Bessemer in 1856 to produce steel by blowing air into molten iron, which oxidizes it and removes carbon and other impurities, resulting in cheap, high-quality steel.
Social Darwinism
- The application of Darwin’s Theory of Evolution in other aspects of humanity. The belief is that the rich were rich and the poor were poor due to natural selection and that “stronger” societies are naturally destined to dominate weaker ones.
- It would be used to justify harsh working conditions, low wages, exploitation, imperialism and racism.
Horizontal Monopoly
- A business strategy where a company acquires or merges with other companies that produce the same products or services, effectively increasing its market share and reducing competition.
- Horizontal monopolies can result in higher prices as there is little to no competition to force businesses to improve.
Vertical Monopoly
- A business strategy where a company controls multiple stages of production or distribution within the same industry.
- This approach allows companies to reduce costs, increase efficiency, and enhance control over the supply chain.
Andrew Carnegie
A Scottish-born American industrialist and philanthropist who founded the Carnegie Steel Company in 1892. By 1901, his company dominated the American steel industry.
Gospel of Wealth
- An idea that wealthiest individuals had a moral obligation to give back to society and improve the lives of the less fortunate to advance society.
- Carnegie followed this through his philanthropic efforts like the establishment of over 2,500 libraries across the United States.
Standard Oil
- An American oil producing, refining, and marketing company founded by Rockefeller in 1870.
- Standard Oil controlled approximately 90% of U.S. oil refineries at its peak, making it one of the most powerful corporations in American history.
Homestead Strike
- A violent strike in 1892 at the Homestead Works in Pittsburgh following a decision to cut wages by nearly 20% and poor working conditions.
- The riot was ultimately put down by Pinkerton Police and the state militia, and the violence further damaged the image of unions. The event illustrated the government’s willingness to side with industrialists over workers during this period.
Knights of Labor
A prominent labor organization in the United States during the late 19th century that aimed to unite all workers, regardless of skill level, gender, or race, to promote social and economic reforms.
American Federation of Labor
A national federation of labor unions in the United States founded by Samuel Gompers in 1886. It focused on securing better wages, working conditions, and hours for white, male, skilled workers while promoting collective bargaining as a primary strategy.
Pullman Strike
- A nationwide railroad strike that occurred in 1894, which began at the Pullman Company in Chicago when workers protested wage cuts and high rent in company-owned housing.
- The strike led to a significant disruption in rail traffic, particularly affecting the delivery of mail, which prompted the federal government to intervene by sending troops to break the strike and resulted in several deaths.
Socialism
- An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole, aiming for equal wealth distribution and social welfare.
- It emerged as a response to the harsh realities of industrial labor, where workers faced long hours, low wages, and unsafe conditions.
“Indian wars”- Sitting Bull, Crazy Horse, Plains Indians
A series of conflicts between Native Americans and the United States over land and resources in the Great Plains. Sitting Bull and Crazy Horse were prominent leaders of the Sioux people and key figures in the Great Sioux War (1876-1877).
Evolutionary Socialism
A parliamentary route, which would deliver a long-term, radical transformation gradually through legal and peaceful means, via the state.
Dawes Act
- A federal law in 1887 that authorized the federal government to break up tribal lands and divide them into individual plots for Native Americans.
- The goal was for Native Americans to adopt a more ‘white’ lifestyle by encouraging them to become farmers and own land.
Carlisle Boarding School
- An off-reservation institution established in 1879 in Pennsylvania aimed at assimilating Native American students into Euro-American culture.
- This school sought to erase indigenous cultures and promote American values through education.
- Students at Carlisle were often forced to abandon their native languages, customs, and attire in favor of English language instruction and Western-style education.
Wounded Knee Massacre
A massacre on December 29, 1890, where the US Army killed nearly 300 Lakota people, including women and children, at Wounded Knee Creek in South Dakota. It marked the end of the Indian Wars.
Imperialism
The practice of a powerful nation or empire extending its political, economic, cultural, or military influence over other, often weaker, nations or territories.
How did Imperialism derive from the Second Industrial Revolution?
The Gilded Age’s rapid industrialization created a need for new markets and resources overseas, which fueled the desire for territorial expansion.