Unit 5 Flashcards
(49 cards)
Interstate Commerce Commission
created to regulate commercial activity that states could no
- first federal regulatory board to supervise the affairs of railroads, investigate complaints, and issue cease and desist orders when roads acted illegally
Andrew Carnegie
Scottish-American industrialist who led the expansion of the American steel industry. Wrote a famous article called The Gospel of Wealth which called the rich to use their wealth to improve society rather than direct charity
J.D. Rockefeller
American industrialist and philanthropist who was the founder of standard oil company, which dominated oil industry and was first great U.S. business trust. Made many philanthropic institutions and was responsible for the for founding of the Unversity of Chicago. He ended oil competition where he gained control of 90% of the oil refining in the country.
J.P Morgan
American financier, banker, philanthropist who funded Edison General electric and merged it with another company to create General Electric. Also merged Andrew Carnegie’s steel company with others to create United States Steel Corporation. he helped create modern American economy, after Panic of 1893 by organizing many bankrupt railroads and industrial companies.
Vertical Integration
business that hold control over every phrase of the process of the business. Starting with raw material to transport manufacturing and distribution. This makes supplies more reliable and improved efficiency.
Horizontal Expansion
Act of buying out competing oil refineries, as seen in 1880 with Rockefeller oil company
Gilded Age
Age between Civil War and World War 1 when the American economy grew rapidly and individuals were able to use monoplies to amass great wealth. Marked by political corruption and shady business deals.
Knights of Labor
founded in 1869 as a secret society of garnet workers in Philadelphia but emerged as national movement in 1878. They wanted to reform labor and intended to set up factories and shops that would lead to cooperative commonwealth. It marked the beginning of union activism as workers rallied for shorter days and equal pay for men and women.
Sherman Anti-trust act
Law that U.S. congress passed to prohibit trusts, monoplies, and cartels. Purpose was to promote economic wellfare and competitiveness. Passed in 1890.
The Grange
first successful national farming organization in 1867. The idea was farmers benefited from each other’s experiences and they opposed manufacturing and processing monoplies that fixed grain and livestock prices at a disadvantage to farmers.
Social Darwinism
believed in survival of the fittest. The idea that certain people become powerful in society because they are better.Used to justify imperialism, racism, and social inequality.
Great Railroad Strike (1877)
first major railroad strike, which paralyzed the country’s commerce and led governors in ten states to mobilize 60,000 members to reopen rail traffic
Haymarket affair
A violent confrontation between police and labour protesters in Chicago on May 4, 1886. Dramatized the labour movement’s struggle for recognition
Social Gospel
prior to WW1 the social gospel was the religious wing of the progressive movement which aimed to combat injustice suffering and poverty sich as better housing and living conditions for the urban poor through religious doctrine
Election of 1880
Republican James A. Garfield defeated Winfield Scott Hancock of the Democratic party. first elections after reconstruction era.
Pendleton Civil Service Act (1883)
provided federal government jobs be awarded on basis of merit and that government employees be selected through competitive exams. Also made it unlawful for to fire for political reasons
Boss Rule
New immigrants who couldn’t speak English turned to urban bosses which won votes for their cause by bribing immigrants by giving them food and giving them jobs.
Jacob Riis
famous for using photography to document the incredibly poor conditions of many impoverished communities in early 20th century. Famous for the “How the Other Half Live” which shocked middle class Americans and helped raise money.
Liberty of Contract
Employees’ liberty to contract work under the most oppressive conditions without interference from the state, government did not interfere.
Homestead Strike
(1892) violent strike at the Homestead works in Pittsburgh after a decision to cut wages by 25%. Strike ended with the destruction of Amalgamated association of iron and steel workers, largest craft union.
Plessy vs. Ferguson
U.S. supreme court decision supporting the legality of Jim Crow laws that required separate but equal facilities for Blacks and Whites. It provided legal justification for segregation on trains, buses,…
Populists
the left wing who wanted to curtail the power of corporate and financial establishments. Wanted to represent the interest of farmers and laborers in 1890’s. Wanted free coinage and silver, public ownership of railroads, and a graduated federal income tax
Chinese Exclusion Acts
set of laws that barred Chinese immigration for 10 years and prevented Chinese who already lived here from citizenship.Passed in 1882, renewed 1892, made permanent in 1902 but repealed in 1943.
William Jennings Bryan
politician who was a dominant force in the liberal wing of the Democratic party. Did not support the gold standard, railroads, or banks. Instead supporter of the populist dem, who wanted free silver, anti-imperialism…