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AMSCO AP US History Chapter 16 Flashcards

AMSCO United States History 2015 Edition, Chapter 16 The Rise of Industrial America, 1865-1900

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8817600167Cornelius VanderbiltHe merged local railroads into the New York Entral Railroad, which ran from New York City to Chicago. (p. 320)0
8817600170Union Pacific and Central PacificTwo railroad companies, one starting in Sacramento, California and the other in Omaha, Nebraska were completed in Utah in 1869 to create the first first transcontinental railroad. (p. 321)1
8817600172railroads and time zonesThe United States was divided into four time zones by the railroad industry. (p. 320)2
8817600174Jay Gould, watering stockEntered railroad business for quick profits. He would sell off assets inflate the value of a corporation's assets and profits before selling its stock to the public. (p. 321)3
8817600175rebates and poolsIn a scramble to survive, railroads offered rebates (discounts) to favored shippers, while charging exorbitant freight rates to smaller customers. They also created secret agreements with competing railroads to fix rates and share traffic. (p. 321)4
8817600177Panic of 1893In 1893, this financial panic led to the consolidation of the railroad industry. (p. 321)5
8817600179Andrew CarnegieA Scottish emigrant, in the 1870s he started manufacturing steel in Pittsburgh. His strategy was to control every stage of the manufacturing process from mining the raw materials to transporting the finished product. His company Carnegie Steel became the world's largest steel company. (p. 323)6
8817600180vertical integrationA business strategy by which a company would control all aspects of a product from raw material mining to transporting the finished product. Pioneered by Andrew Carnegie. (p. 323)7
8817600181U.S. SteelIn 1900, Andrew Carnegie sold Carnegie Steel to a group headed by J. P. Morgan. They formed this company, which was the largest enterprise in the world, employing 168,000 people, and controlling more than three-fifths of the nation's steel business. (p. 323)8
8817600182John D. RockefellerHe started Standard Oil in 1863. By 1881, Standard Oil Trust controlled 90 percent of the oil refinery business. His companies produced kerosene, which was used primarily for lighting at the time. The trust that he created consisted of various acquired companies, all managed by a board of trustees he controlled. (p. 323)9
8817600183horizontal integrationBuying companies out and combining the former competitors under one organization. This strategy was used by John D. Rockefeller to build Standard Oil Trust. (p. 323)10
8817600184Standard Oil TrustIn 1881, the name of John D. Rockefeller's company, which controlled 90 percent of the oil refinery business in the United States. (p. 323)11
8817600186J. P. MorganA banker who took control and consolidated bankrupt railroads in the Panic of 1893. In 1900, he led a group in the purchase of Carnegie Steel, which became U.S. Steel. (p. 321, 323)12
8817600188Second Industrial RevolutionThe term for the industrial revolution after the Civil War. In the early part of the 19th century producing textiles, clothing, and leather goods was the first part of this revolution. After the Civil War, this second revolution featured increased production of steel, petroleum, electric power, and industrial machinery. (p. 323)13
8817600189Bessemer processIn the 1850s, Henry Bessemer discovered this process. By blasting air through molten iron you could produce high-quality steel. (p. 323)14
8817600190transatlantic cableIn 1866, Cyrus W. Field's invention allowed messages to be sent across the oceans. (p. 325)15
8817600191Alexander Graham BellIn 1876, he invented the telephone. (p. 325)16
8817600192Thomas EdisonPossibly the greatest inventor of the 19th century. He established the first modern research labratory, which produced more than a thousand patented inventions. These include the phonograph, first practical electric light bulb, dynamo for electric power generation, mimeograph machine, and a motion picture camera. (p. 326)17
8817600195George WestinghouseHe held more than 400 patents. He invented the high-voltage alternating current transformer, which made possible the nationwide electrial power system. (p. 326)18
8817600200Sears-RoebuckMail order company that used the improved rail system to ship to rural customers. (p. 326)19
8817600201packaged foodsBrand name foods created by Kellogg and Post became common items in American homes. (p. 326)20
8817600203Gustavus SwiftHe changed American eating habits by making mass-produced meat and vegetable products. (p. 326)21
8817600204advertisingThis new technique was important to creating the new consumer economy. (p. 326)22
8817600206federal land grants and loansThe federal government provided land and loans to the railroad companies in order to encourage expansion of the railroads. (p. 320)23
8817600208Interstate Commerce Act of 1886This act, created in 1886, did little to regulate the railroads. (p. 322)24
8817600210Sherman Antitrust Act of 1890In 1890, Congress passed this act, which prohibited any "contract, combination, in the form of trust or otherwise, or conspiracy in restraint of trade or commerce." The U.S. Department of Justice secured few convictions until the law was strenghted during the Progressive era. (p. 324)25
8817600216Knights of LaborStarted in 1869 as a secret national labor union. It reached a peak of 730,000 members. (p. 330)26
8817600217Haymarket bombingOn May 4, 1886 workers held a protest in which seven police officers were killed by a protester's bomb. (p. 330)27
8817600218American Federation of LaborThe labor union focused on just higher wages and improved working conditions. By 1901 they had one million members. (p. 330)28
8817600219Samuel GompersHe led the American Federation of Labor until 1924. (p. 330)29
8817600220Pullman StikeIn 1894, workers at Pullman went on strike. The American Railroad Union supported them when they refused to transport Pullman rail cars. The federal government broke the strike. (p. 331)30
8817600221Eugene DebsThe American Railroad Union leader, who supported the Pullman workers. The government broke the strike and he was sent to jail for six months. (p. 331)31
8817600229Protestant work ethicThe believe that hard work and material success are signs of God's favor. (p. 325)32
8817600231laissez-faire CapitalismIn the late 19th century, american industrialists supported the theory of no government intervention in the economy, even as they accepted high tariffs and federal subsidies. (p. 324)33
8817600232concentration of wealthBy the 1890s, the richest 10 percent of the U.S. population controlled 90 percent of the nation's wealth. (p. 326)34
8817600233Social DarwinismThe belief that government's helping poor people weakened the evolution of the species by preserving the unfit. (p. 324)35
8817600235survival of the fittestThe belief that Charles Darwin's ideas of natural selection in nature applied to the economic marketplace. (p. 324)36
8817600236Gospel of WealthSome Americans thought religion ideas justified the great wealth of successful industrialists. (p. 325)37
8817600237Horatio Alger Stories self-made manHis novels portrayed young men who became wealth through honesty, hard work and a little luck. In reality these rags to riches stories were somewhat rare. (p. 327)38

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