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AP US History: Chapter 24 :) Flashcards

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13856180194Pacific Railroad Act, 1862Land grants; commissioned a transcontinental rail line.0
13856180195Union Pacific RailroadThis railroad company was commissioned to build the transcontinental railroad from the east. Insiders of the Credit Mobilier reaped $23 million in profits; Indians attacked while trying to save their land.1
13856180196Central Pacific RailroadBacked by the Big Four, it used Chinese Workers and received the same incentives as the Union Pacific, but it had to drill through the hard rock of Sierra Nevada.2
13856180197The Wedding of the railsRepresenting the completion of transcontinental rail line in 18693
13856180198The Big FourIn California, the Central Pacific Railroad was in charge of extending the railroad eastward, backed the Central Pacific Railroad.4
13856180199James J. HillHe created the railroad: the Great Northern. Was probably the greatest railroad builder of all.5
13856180200The Great NorthernThis railroad ran from Duluth to Seattle, created by genius architect James J. Hill6
13856180201Cornelius VanderbiltLeader of old eastern railroad New York Central.7
13856180202Time zonesInstead of each city having its own time zone, to not confuse railroad operators, four national time zones was created.8
13856180203Stocking wateringA method of cheap moneymaking; railroad companies grossly over-inflated the worth of their stock and sold them at huge profits.9
13856180204Jay GouldMade millions embezzling stocks from the Erie Kansas Pacific, the Union Pacific, and the Texas and Pacific railroad companies.10
13856180205"Pool"A group of supposed competitors who agreed to work together, usually to set prices.11
13856180206Wabash case (Wabash v. Illinois) 1886issued by Supreme Court, stopped the Grange (the Grange's purpose is to stop the railroad monopoly occurred). States could not regulate interstate commerce.12
13856180207Interstate Commerce Act, 1887This act banned rebates and pools; required the railroads to publish their rates openly.13
13856180208Interstate Commerce CommissionIt was set up to enforce Interstate Commerce Act.14
13856180209Alexander Graham Bell, 1876Invented the telephone.15
13856180210Thomas A. Edison, 1879Perfecto of the incandescent light bulb; invented phonograph, moving pictures, mimeograph, etc. Backed by16
13856180211Andrew CarnegieSteel tycoon. Master of "vertical integration." Turned to philanthropy and gave huge sums to libraries and arts in his late years.17
13856180212Vertical IntegrationA business method where a corporation bought out other businesses (though not competitors) along its line of production. Example: Andrew Carnegie18
13856180213Bessemer processA cheaper way to make steel, boost U.S.'s steel industry. Discovered by an American, William Kelly first, but named after a British person.19
13856180214Horizontal integrationA business method where the company bought out its competitors. Example: Rockefeller's Standard Oil20
13856180215John D. RockefellerOil tycoon. Ruthless and merciless, owned Standard Oil Company which eventually controlled at least 90% of American oil. Was a master of "horizontal integration" where he ruthlessly drove others out of business.21
13856180216Standard Oilowned by John D. Rockefeller22
13856180217"Trust"a business that essentially is a monopoly, could drive smaller businesses to the wall.23
13856180218J. P. MorganBanker and financier. Orchestrated several blockbuster deals in railroads, insurance, and banking. Bought Andrew Carnegie's steel operation for $400 million to start the U.S. Steel Company. Greed, power, arrogance, and snobbery of the Gilded Age business.24
13856180219U. S. SteelCompany owned by J.P. Morgan, started from buying Andrew Carnegie's steel operation for $400 million.25
13856180220Gustavus F. Swiftleader of meat industry, trusts which made better products at cheaper prices. (G)26
13856180221Philip Armourleader of meat industry, trusts which made better products at cheaper prices. (P)27
13856180222Gospel of WealthMany of the newly rich had worked from poverty to wealth; thus felt that some people in the world were destined to become rich; help society with their money.28
13856180223Social DarwinismApplied Charles Darwin's survival-of-the-fittest theories to business. Implied the reason that Carnegie was at the top of the steel industry.29
13856180224William Graham SumnerYale professor, survival of the fittest, natural law, etc.30
13856180225Sherman Antitrust Act, 1890This act forbade combinations (trusts, pools, interlocking directorates, holding companies) in restraint of trade. It was ineffective since it couldn't be enforced.31
13856180226James Buchanan Duke and the American Tobacco CompanyHe was one who, when the south remained agrarian despite all the industrial advances, developed a huge cigarette industry, and made donations to a college (it is now named after him).32
13856180227Henry W. Grady and the New SouthEditor of the Atlanta Constitution newspaper, urged the South to industrialize.33
13856180228Southern textile millsIn 1880s, there were only few industries in the South. But by the 1920s, the South had eclipsed New England in terms of yarn and cloth production.34
13856180229Gibson Girlcreated by Charles Dana Gibson, became the romantic ideal of the age: young, athletic, attractive, and outdoorsy.35
13856180230LockoutEmployers could lock their doors against rebellious workers and then starve them into submission.36
13856180231Yellow-dog contractsContracts that the workers had to sign, which banned them from joining unions.37
13856180232National Labor UnionThis union represented a giant boot stride; only lasted 6 years. Excluded Chinese; didn't welcome Blacks or women. Aim for eight-hour workday.38
13856180233Colored National Labor UnionExcluded workers such as Chinese or Blacks established this union.39
13856180234Knights of LaborIt is a labor union similar to National Labor Union, but only bared liquor dealers, professional gamblers, lawyers, bankers, and stockbrokers. Campaigned for economic and social reform.40
13856180235Mother JonesJoined Knights of Labor, was an Irish-born American schoolteacher and dressmaker who became a prominent labor and community organizer. She helped coordinate major strikes and cofounded the Industrial Workers of the World.41
13856180236Terence PowderlyLeader of Knights of Labor; led the Knights won a number of strikes for the eight-hour day; staged a successful strike against Jay Gould's Wabash Railroad in 1885.42
13856180237Haymarket Square bombing, 1886It was an explosion in Chicago during labor disorders, killed several people including police officers.43
13856180238Gov. John P. AltgeldGerman-born Democrat, elected governor of Illinois; pardoned the three survivors after studying the Haymarket Square Bombing extensively.44
13856180239Samuel GompersFounder of AF of L, demanded a fairer share for labor; sought better wages, hours, and working conditions.45
13856180240The American Federation of LaborThe AF of L united many independent small unions and worked out overall strategies. It focused only on skilled labor. Their success was only mild.46
13856180241Railroad Strike of 1877This strike's failure exposed the weakness of the labor movement. Racist and ethnic fissures among workers everywhere fractured labor unity.47
13856180242Labor Day, 1894Was made a legal holiday as the public started to concede the rights of workers.48

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