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AP Chapter 24

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39827931The Gospel of WealthPreached by Carneige, wealth from God, rich needed to be responsible with money
39827932Wabash CaseIndividual states had no power to regulate interstate trade
39828254Interstate Commerce Actrequired railroads to publish rates openly and stopped the railroad owners from over inflating prices
39828255Labor Unionsorganizations that worked for better working conditions, higher wages, etc.
39829701J.P. Morganloaned government 65 million dollars from the private banks. Bought steel industry from Carnegie
39829702Rockefeller"oil baron" standard oil company of ohio in 1870. Richest man in human history. Took away many freedoms. Eventually Standard Oil falls
39829703Horizontal Integrationallying with competitiors to monopolize a given market
39829704Trust Systemdevice for controlling rival companies
39829705Sherman Anti Trust Actforbade combinations in restraint of trade without any distinction between "good" trusts and "bad" trusts
39829706Gibson Girlhealthy youg american women which inspired new fashions in the twentieth century(showed the change of women to a more independent person)
39829707Samuel GompersCreated the American federation of labor
39829708Vertical Integrationwhen a single company does anything, growing to selling and everything in the middle
39829709American Federation of Laborcreated once the national labor unions disbanded, led by terence V. Powderly, forme din 1869 a secret society that sought to include wokers into one big union and campainged for economic and social reform, including codes for safety and health.
39829710Secret Knights of LaborSecret society to include all workers in one big union
39829711Nation Labor Union/Colored Labor Unionlasted 6 years, attracted 600K members, and supported by Republicans
39829712Plutocracygave Congress sole jurisdiction over interstate commerce
39829713Transcontinental Railroadhelped the industrialization of American and stimulated immigration
39829714Vanderbiltestablished a shipping land transit line across Nicaragua in response to California gold rush
39829715poolsan agreement among competing companies to fix prices and outputs
39829716stock wateringinflating the claims about a company's assets and profitability to sell them for more than they're worth
39829717US Steel Corporationformed by Morgan after buying Carnegie steel company
39829718Iron Clad Oaths and Yellow Dog Contractsworkers signed contracts to restrict them from joining labor unions
39829719steelsupplied for much of US economy, could be produced cheaply with new production techniques
39829720Carnegiesteel king; "wrote" the Gospel of Wealth; philanthropist; many ideas on life
39829721land grant systemgovernment gave railroad companies land in a checkerboard pattern

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