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AP US History 2 Chapter 24 Vocabulary Terms Flashcards

Key terms, people, and events from Chapter 24 of the 13th edition of the American Pageant.

Terms : Hide Images
7964922112poolsAn agreement to divide the business in a given area and share the profits0
7964922113Robber BaronBelief that rich tycoons made their money at the expense of the well-being of the public1
7964922114stock wateringPractice of grossly over inflating the value of stock; mostly used in the RR industry2
7964922115Wabash CaseDecision that individual states do not have the right to regulate Interstate commerce3
7964922116Interstate Commerce CommissionAttempted to regulate the railroads. It had only mild success but served as the first time Washington tried to regulate business for the good of society4
7964922117vertical integrationControlling every aspect of production from beginning to end5
7964922118horizontal integrationAllying with competitors to monopolize a given market6
7964922119trustStockholders in various smaller oil companies sold their stock and authority to the board of directors of a larger company (Think Standard Oil)7
7964922121Survival of the FittestBelief that companies can and should use any tactics necessary to succeed.8
7964922122Sherman Antitrust ActEstablished to help restrict monopolies, not really effective at first, used against unions9
7964922123Knights of LaborEstablished in the 1880s, major union of the decade, made up of unions of many industries and accepted unskilled workers10
7964922124American Federation of LaborNational labor union formed by Samuel Gompers in 1886, made up of skilled workers11
7964922125Haymarket Square BombingDemonstration by union workers where a bomb went off killing or injuries dozens. This event hurt the labor movement and the Knights of Labor12
7965030954government subsidiesSubsidies are monies given by the government to businesses. The purpose is for the government to encourage those businesses since they would benefit the entire nation.13
7965057173transcontinental railroadThis was a railroad across the continent. The Union Pacific (from Omaha, NE) and Central Pacific (from Sacramento, CA) linked together at Promontory Point, Utah in May 186914
7965090672yellow dog contractsAgreements that employers forced workers to sign where workers pledged not join a union.15
7965109488blacklistsNames that employers kept of union agitators and "trouble makers." This scared workers into inaction since once they were on the list, no company would hire them again.16

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