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AMSCO AP US History:The populist era Flashcards

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

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14961458787nation's first big businessRailroads created a nationwide market for goods. This encouraged mass production, mass consumption, and economic specialization. (p. 320)0
14961458788Cornelius VanderbiltHe merged local railroads into the New York Central Railroad, which ran from New York City to Chicago. (p. 320)1
14961458789Eastern Trunk LinesIn the early days of the railroads, from the 1830s to the 1860s, railroad lines in the east were different incompatible sizes which created inefficiencies. (p. 320)2
14961458790transcontinental railroadsDuring the Civil War, Congress authorized land grants and loans for the building of the first transcontinenal railroad. Two new companies were formed to share the task of building the railroad. The Union Pacific started in Omaha, Nebraska, and the Central Pacific started in Sacramento, California. On May 10, 1869, at Promontory Point, Utah, a golden spike was driven into the rail ties to mark the completion of the railroad. (p. 321)3
14961458791Union 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)4
14961458792American Railroad AssociationIn 1883, this organization divided the country into four different time zones, which would become the standard time for all Americans. (p. 320)5
14961458793railroads and time zonesThe United States was divided into four time zones by the railroad industry. (p. 320)6
14961458794speculation and overbuildingIn the 1870s and 1880s railroad owners overbuilt. This often happens during speculative bubbles, created by exciting new technology. (p. 321)7
14961458795Jay 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)8
14961458796rebates 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)9
14961458797bankruptcy of railroadsA financial panic in 1893 forced a quarter of all railroads into bankruptcy. J.P. Morgan and other bankers moved in to take control of bankrupt railroads and consolidate them. (p.321)10
14961458798Panic of 1893In 1893, this financial panic led to the consolidation of the railroad industry. (p. 321)11
14961458799causes of industrial growthAfter the Civil War, a "second Industrial Revolution" because of an increase in steel production, petroleum, electrical power, and industrial machinery. (p. 323)12
14961458800Andrew 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)13
14961458801vertical 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)14
14961458802U.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)15
14961458803John 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)16
14961458804horizontal 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)17
14961458805Standard 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)18
14961458806interlocking directoratesThe term for the same directors running competing companies. (p. 322)19
14961458807J. 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)20
14961458808leading industrial powerBy 1900, the United States was the leading industrial power in the world, manufacturing more than an of its rivals, Great Britain, France, or Germany. (p. 319)21
14961458809Second 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)22
14961458810Bessemer processIn the 1850s, Henry Bessemer discovered this process. By blasting air through molten iron you could produce high-quality steel. (p. 323)23
14961458811transatlantic cableIn 1866, Cyrus W. Field's invention allowed messages to be sent across the oceans. (p. 325)24
14961458812Alexander Graham BellIn 1876, he invented the telephone. (p. 325)25
14961458813Thomas 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)26
14961458814Menlo Park Research LabThe first modern research laboratory, created in 1876, by Thomas Edison in Menlo Park, New Jersey. (p. 326)27
14961458815electric power, lightingIn 1885, George Westinghouse produced a transformer for producing high-voltage alternating current, which made possible the lighting of cities, electric streetcars, subways, electrically powered machinery, and appliances. (p. 326)28
14961458816George WestinghouseHe held more than 400 patents. He invented the high-voltage alternating current transformer, which made possible the nationwide electrial power system. (p. 326)29
14961458817Eastman's Kodak cameraIn 1888, George Eastman invented the camera. (p. 325)30
14961458818large department storesR.H. Macy and Marshall Field made these stores the place to shop in urban centers. (p. 326)31
14961458819R.H. MacyHe created a New York department store. (p. 326)32
14961458820mail-order companiesTwo companies, Sears Roebuck, and Montgomery Ward, used the improved rail system to ship to rural customers to sell many different products. The products were ordered by mail from a thick paper catalog. (p. 326)33
14961458821Sears-RoebuckMail order company that used the improved rail system to ship to rural customers. (p. 326)34
14961458822packaged foodsBrand name foods created by Kellogg and Post became common items in American homes. (p. 326)35
14961458823refrigeration; canningThese developments in the food industry changed American eating habits. (p. 326)36
14961458824Gustavus SwiftHe changed American eating habits by making mass-produced meat and vegetable products. (p. 326)37
14961458825advertisingThis new technique was important to creating the new consumer economy. (p. 326)38
14961458826consumer economyAdvertizing and new marketing techniques created a new economy. (p. 326)39
14961458827federal land grants and loansThe federal government provided land and loans to the railroad companies in order to encourage expansion of the railroads. (p. 320)40
14961458828fraud and corruption, Credit MobilierInsiders used construction companies to bribe government officials and make huge profits. (p. 321)41
14961458829Interstate Commerce Act of 1886This act, created in 1886, did little to regulate the railroads. (p. 322)42
14961458830anti-trust movementMiddle class people feared a growth of new wealth due to the trusts. In the 1880s trust came under widespread scrutiny and attack. In 1890, the Sherman Antitrust Act was passed, but it was too vaguely worded to stop the development of trusts. Not until the Progressive era, would the trusts be controlled. (p. 324)43
14961458831Sherman 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)44
14961458832federal courts, U.S. v. E.C. KnightIn 1895, the Supreme Court ruled that the Sherman Antitrust Act could be applied only to commerce, not manufacturing. (p. 324)45
14961458833causes of labor discontentWorker's discontent was caused by performing monotonous task required completion within a certain time, dangerous working conditions, and exposure to chemicals and pollutants. (p. 328)46
14961458834iron law of wagesDavid Ricardo developed this theory which stated that low wages were justified. He argued that raising wages would only increase the working population, the availability of more workers would cause wages to fall, thus creating a cycle of misery. (p. 327)47
14961458835anti-union tacticsEmployers used the following tactics to defeat unions: the lockouts (closing the factory), blacklists (lists circulated among employers), yellow dog contracts (contracts that forbade unions), private guards to quell strikes, and court injunctions against strikes. (p. 329)48
14961458836railroad strike of 1877In 1887, this strike spread across much of the nation and shut down two-thirds of the country's railroads. An additional 500,000 workers from other industries joined the strike. The president used federal troops to end the violence, but more than 100 people had died in the violence. (p. 329)49
14961458837Knights of LaborStarted in 1869 as a secret national labor union. It reached a peak of 730,000 members. (p. 330)50
14961458838Haymarket bombingOn May 4, 1886 workers held a protest in which seven police officers were killed by a protester's bomb. (p. 330)51
14961458839American Federation of LaborThe labor union focused on just higher wages and improved working conditions. By 1901 they had one million members. (p. 330)52
14961458840Samuel GompersHe led the American Federation of Labor until 1924. (p. 330)53
14961458841Pullman 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)54
14961458842Eugene 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)55
14961458843railroad workers: Chinese, Irish, veteransIn the construction of the first transcontinental railroad, the Union Pacific, starting in Omaha, employed thousands of war veterans and Irish immigrants. The Central Pacific, starting from Sacramento, included 6,000 Chinese immigrants among their workers. (p. 321)56
14961458844old rich vs. new richThe trusts came under widespread scrutiny and attack in the 1880s, urban elites (old rich) resented the increasing influence of the new rich. (p. 324)57
14961458845white-collar workersThe growth of large corporation required thousands of white-collar workers (jobs not involving manual labor) to fill the highly organized administrative structures. (p. 327)58
14961458846expanding middle classIndustrialization helped expand the middle class by creating jobs for accountants, clerical workers, and salespeople. The increase in the number of good-paying jobs after the Civil War significantly increased the size of the middle class. (p. 327)59
14961458847factory wage earnersBy 1900, two-thirds of all working Americans worked for wages, usually at jobs that required them to work ten hours a day, six days a week.(p. 327)60
14961458848women and children factory workersBy 1900, 20 percent of adult woman working for wages in the labor force. Most were young and single women, only 5 percent of married women worked outside the home. (p. 327)61
14961458849women clerical workersAs the demand for clerical workers increased, women moved into formerly male occupations as secretaries, bookkeepers, typists, and telephone operators. (p. 328)62
14961458850Protestant work ethicThe believe that hard work and material success are signs of God's favor. (p. 325)63
14961458851Adam SmithIn 1776, this economist wrote "The Wealth of Nations" which argued that business should not be regulated by government, but by the "invisible hand" (impersonal econmic forces). (p. 324)64
14961458852laissez-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)65
14961458853concentration of wealthBy the 1890s, the richest 10 percent of the U.S. population controlled 90 percent of the nation's wealth. (p. 326)66
14961458854Social DarwinismThe belief that government's helping poor people weakened the evolution of the species by preserving the unfit. (p. 324)67
14961458855William Graham SumnerAn English social philosopher, he argued for Social Darwism, the belief that Darwin's ideas of natural slection and survival of the fittest should be applied to the marketpalce and society. (p. 324)68
14961458856survival of the fittestThe belief that Charles Darwin's ideas of natural selection in nature applied to the economic marketplace. (p. 324)69
14961458857Gospel of WealthSome Americans thought religion ideas justified the great wealth of successful industrialists. (p. 325)70
14961458858Horatio 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)71

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