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American Pageant Chapter 24 Flashcards

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5847222578Leland StanfordOne of the Big Four financial backers of the Central Pacific railroad. He was the ex-governor of California who had useful political connections. He kept clean of bribery and drove the ceremonious "last gold spike" into the connected transcontinental railroad.0
5847222581Cornelius VanderbiltA railroad owner who built a railway connecting Chicago and New York. He popularized the use of steel rails in his railroad, which made railroads safer and more economical.1
5847222584Alexander Graham BellHe was an American inventor who was responsible for developing the telephone. This greatly improved communications in the country.2
5847222585Thomas EdisonAmerican inventor best known for inventing the electric light bulb, acoustic recording on wax cylinders, and motion pictures.3
5847222586John D. RockefellerWas an American industrialist and philanthropist. Revolutionized the petroleum industry and defined the structure of modern philanthropy.4
5847222587JP MorganBanker who buys out Carnegie Steel and renames it to U.S. Steel. Was a philanthropist in a way; he gave all the money needed for WWI and was payed back. Was one of the "Robber barons"5
5847222588Terence Powderlyled the Knights of Labor, a skilled and unskilled union, wanted equal pay for equal work, an 8hr work day and to end child labor6
5847222590Samuel GompersHe was the creator of the American Federation of Labor. He provided a stable and unified union for skilled workers.7
5847222591Philip ArmourPioneered the shipping of hogs to Chicago for slaughter, canning, and exporting of meat.8
5847222594Charles DarwinEnglish naturalist. He studied the plants and animals of South America and the Pacific islands, and in his book On the Origin of Species by Means of Natural Selection (1859) set forth his theory of evolution.9
5847222598James Buchanan DukeSouthern industrialist behind the American Tobacco Company and Southern Power Company who made great advances in the businesses of tobacco and hydroelectric power.10
5847222599land granta tract of land given by the government, as for colleges or railroads.11
5847222601standard time zonesA condition created by the railroad companies because efficient RR transportation needed to be regulated and directed12
5847222605vertical integrationPractice where a single entity controls the entire process of a product, from the raw materials to distribution13
5847222606horizontal integrationAn act of joining or consolidating with ones competitors to create a monopoly. Rockefeller was excellent with using this technique to monopolize certain markets. It is responsible for the majority of his wealth.14
5847222607trustA monopoly that controls goods and services, often in combinations that reduce competition.15
5847222608interlocking directoratesA board of directors, the majority of whose members also serve as the board of directors of a competing corporation16
5847222611plutocracysociety ruled by the wealthy17
5847222612injunctionA judicial order to a party to do or stop doing something18
5847222614company townA town or city in which most or all real estate, buildings (both residential and commercial), utilities, hospitals, small businesses such as grocery stores and gas stations, and other necessities or luxuries of life within its borders are owned by a single company.19
5847222615Social DarwinismA description often applied to the late 19th century belief of people such as Herbert Spencer and others who argued that "survival of the fittest" justifies the competition of laissez-faire capitalism and imperialist policies.20
5847222616"survival of the fittest"Process by which individuals that are better suited to their environment survive and reproduce most successfully; also called natural selection21
5847222619scabsStirkebreakers hired by employers as replacement workers when unions went on strike22
5847222620lockoutWhen management closes the doors to the place of work and keeps the workers from entering until an agreement is reached23
5847222621yellow dog contractan agreement some companies forced workers to take that forbade them from joining a union. This was a method used to limit the power of unions, thus hampering their development.24
5847222622blacklistA list circulated among employers containing the names of persons who should not be hired25
5847222623nonproducersBankers and merchants; use connections to increase wealth to the disadvantage of producers (farmers/artisans); Whigs; Federal economic development include tariffs, national bank, and internal improvements; bankers, businessmen, farmers in good regions, wealthy planters;26
5847222624anarchistspeople who oppose all forms of organized government27
5847222625socialismA system in which society, usually in the form of the government, owns and controls the means of production.28
5847222627craft unionunion made up of skilled workers in a specific trade or industry29
5847222628closed shopA company with a labor agreement under which union membership can be a condition of employment.30
5847222629Union Pacific RailroadCongress commissioned this railroad to push westward from Omaha, Nebraska to California31
5847222630Central Pacific RailroadA railroad that started in Sacramento , and connected with the Union Pacific Railroad in Promentary Point, Utah32
5847222633Crédit Mobiliera joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes.33
5847222634Pullman Palace Carsluxury passenger cars that were built and were very popular for travelers34
5847222635Grangean association formed by farmers in the last 1800s to make life better for farmers by sharing information about crops, prices, and supplies35
5847222636Wabash, St. Louis, and Pacific Railroad Company v. IllinoisA Supreme Court decision that severely limited the rights of states to control interstate commerce. It led to the creation of the Interstate Commerce Commission.36
5847222637Mesabi RangeA section of low hills in Minnesota owned by Rockefeller in 1887, it was a source of iron ore for steel production.37
5847222638Standard Oil CompanyFounded by John D. Rockefeller. Largest unit in the American oil industry in 1881. Known as A.D. Trust, it was outlawed by the Supreme Court of Ohio in 1899.38
5847222639Bessemer processA way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities.39
5847222640United States SteelCreated by J.P. Morgan from Carnegie's holdings; became the first billion dollar Corporation40
5847222641Gospel of WealthThis was a book written by Carnegie that described the responsibility of the rich to be philanthropists. This softened the harshness of Social Darwinism as well as promoted the idea of philanthropy.41
5847222643Sherman Anti-Trust ActFirst federal action against monopolies, it was signed into law by Harrison and was extensively used by Theodore Roosevelt for trust-busting. However, it was initially misused against labor unions42
5847222644American Tobacco CompanyA company formed by the Duke family of Virginia after the invention of a machine for rolling cigarettes. The invention of the machine and the growing popularity of cigarettes provided a market for the company's ready-made cigarettes. Tobacco was the one industry that the South dominated in the late 19th century.43
5847222646Interstate Commerce ActEstablished the ICC (Interstate Commerce Commission) - monitors the business operation of carriers transporting goods and people between states - created to regulate railroad prices44
5847222647National Labor UnionThe first large-scale U.S. union; founded to organize skilled and unskilled laborers, farmers, and factory workers.45
5847222648Knights of LaborLed by Terence V. Powderly; open-membership policy extending to unskilled, semiskilled, women, African-Americans, immigrants; goal was to create a cooperative society between in which labors owned the industries in which they worked46
5847222649Haymarket SquareLabor disorders had broken out and on May 4 1886, the Chicago police advanced on a protest; alleged brutalities by the authorities. Following the hysteria, eight anarchists (possibly innocent) were rounded up. Because they preached "incendiary doctrines," they could be charged with conspiracy. Five were sentenced to death, one of which committed suicide; the other three were given stiff prison terms. Six years later, a newly elected Illinois governor recognized this gross injustice and pardoned the three survivors. Nevertheless, the Knights of Labor were toast: they became (incorrectly )associated with anarchy and all following strike efforts failed.47
5847222650American Federation of Labor1886; founded by Samuel Gompers; sought better wages, hrs, working conditions; skilled laborers, arose out of dissatisfaction with the Knights of Labor, rejected socialist and communist ideas, non-violent.48

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