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Chapter 24: Industry Comes of Age 1865-1900 Flashcards

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754525533Leland StanfordOne of the "Big Four" tycoons who became president of the Central Pacific Railroad and later went on to become governor of California.0
754525534Collis P.HuntingtonOne of the Big Four with Leland Stanford, he was involved in both railroads and shipping. He founded Newport News Shipping, the largest privately owned shipyard in the United States.1
754525535James J. Hilldriving force of the Gr. Northern Railway , Became a Shipping Agent For Winnipeg Merchants Nicknamed the "Empire Builder", railroad entrepreneur who built and operated the Great Northern Railroad from St. Paul, Minnesota to Everett, Washington; without any federal grants or subsidies, the Great Northern Railroad made money by shipping goods to Asia, GNR became the most successful transcontinental railroad and the only one that wasn't eventually forced into bankruptcy2
754525536Cornelius Vanderbilta railroad owner who built a railway connecting Chicago and New York. He popularized the use of steel rails in his railroad, which made railroads safer and more economical.3
754525537Richard OlneyAttorney General of the U.S., he obtained an active injunction that state union members couldn't stop the movement of trains. He moved troops in to stop the Pullman strike.4
754525538Jay GouldUnited States financier who gained control of the Erie Canal and who caused a financial panic in 1869 when he attempted to corner the gold market (1836-1892)5
754525539Alexander Graham BellUnited States inventor (born in Scotland) of the telephone (1847-1922)6
754525540Thomas EdisonAmerican inventor best known for inventing the electric light bulb, acoustic recording on wax cylinders, and motion pictures.7
754525541Andrew CarnegieUnited States industrialist and philanthropist who endowed education and public libraries and research trusts (1835-1919), Creates Carnegie Steel. Gets bought out by banker JP Morgan and renamed U.S. Steel. Andrew Carnegie used vertical integration by buying all the steps needed for production. Was a philanthropist. Was one of the "Robber barons"8
754525542John D. RockefellerWas an American industrialist and philanthropist. Revolutionized the petroleum industry and defined the structure of modern philanthropy., Established the Standard Oil Company, the greatest, wisest, and meanest monopoly known in history9
754525543J. Pierpont Morganan American financier, banker, philanthropist, and art collector who dominated corporate finance and industrial consolidation during his time. In 1892 Morgan arranged the merger of Edison General Electric and Thompson-Houston Electric Company to form General Electric., He was a banker who financed the reorganization of railroads, insurance companies, and banks. He bought out Carnegie and in 1901 he started the United States Steel Corporation.10
754525544Terence Powderlyled the Knights of Labor, a skilled and unskilled union, wanted equal pay for equal work, an 8hr work day and to end child labor11
754525545John P. AltgeldWas the governor of the U.S. state of Illinois from 1893 until 1897. He was the first Democratic governor of that state since the 1850s. A leading figure of the Progressive Era movement, he improved workplace safety and child labor laws, pardoned three of the men convicted of the Haymarket Riot, and, for a time, resisted calls to break up the Pullman strike with force.12
754525546Samuel GompersUnited States labor leader (born in England) who was president of the American Federation of Labor from 1886 to 1924 (1850-1924)13
754525547Philip ArmourPioneered the shipping of hogs to Chicago for slaughter, canning, and exporting of meat., forme the Armour and company which the worlds largets food and chemical manufacturing company in the country. he also established the largest privated refrigerator car fleet. He pioneered the principles of large sclae reorganization an the refrigeration industry14
754525548William Graham SumnerHe was an advocate of Social Darwinism claiming that the rich were a result of natural selection and benefits society. He, like many others promoted the belief of Social Darwinism which justified the rich being rich, and poor being poor.15
754525549Russell ConwellHe was a Revered and a staunch advocate of Social Darwinism. He helped the justification of the rich and the need to not help the poor in his "Acres of Diamonds" lecture.16
754525550Charles DarwinEnglish naturalist. He studied the plants and animals of South America and the Pacific islands, and in his book On the Origin of Species by Means of Natural Selection (1859) set forth his theory of evolution. (p. 715)17
754525551Henry W. GradyEditor of the Atlanta Constitution, preached about economically diversified South with industries and small farms, and absent of the influence of the pre-war planter elite in the political world.18
754525552Herbert SpencerEnglish philosopher and sociologist who applied the theory of natural selection to human societies (1820-1903)19
754525553Charles Dana GibsonUnited States illustrator remembered for his creation of the 'Gibson girl' (1867-1944)20
754525554James Buchanan Dukethe man who cornered the cigarette industry through the American Tobacco Company. Later Trinity College in North Carolina changed its name to honor him21
754525555Land Granta grant of public land (as to a railway or college)22
754525556Track Gaugehelped improve the railroad system and proved to be a significant boon to the railroads; was a standard gauge of track width and came into wide use during the postwar years; not having this widely harmed the South in transporting goods during the CIvil war; this eliminated the expense and inconvenience of numerous changes from one line to another23
754525557Standard Time Zonesone of the 24 regions of the earth in which noon is set as the time when the sun is highest over the center of the region., areas roughly defined by twenty-four 15° sections of longitude, each centered on a time meridian that establishes the hour of the day24
754525558Stock WateringPrice manipulation by strategic stock brokers of the late 1800s. The term for selling more stock than they actually owned in order to lower prices, then buying it back.25
754525559Poolany communal combination of funds26
754525560Rebatea refund of some fraction of the amount paid27
754525561Vertical IntegrationPractice where a single entity controls the entire process of a product, from the raw materials to distribution28
754525562Horizontal Integrationabsorption into a single firm of several firms involved in the same level of production and sharing resources at that level, Type of monopoly where a company buys out all of its competition. Ex. Rockefeller29
754525563Trustextend credit to30
754525564Interlocking Directoratesituation occurring when the majority of members of the boards of directors of competing corporations are the same; in effect, having one group of people manage both companies31
754525565Captial GoodsMachines, buildings, and tools used in making automobiles are examples of capital goods.32
754525566Consumer Goodsgoods (as food or clothing) intended for direct use or consumption, products and services that satisfy human wants directly33
754525567Plutocracya political system governed by the wealthy people34
754525568Injunction(law) a judicial remedy issued in order to prohibit a party from doing or continuing to do a certain activity35
754525569Trust-Busting(law) government activities seeking to dissolve corporate trusts and monopolies (especially under the United States antitrust laws)36
754525570Company Towna town or city in which most or all real estate, buildings (both residential and commercial), utilities, hospitals, small businesses such as grocery stores and gas stations, and other necessities or luxuries of life within its borders are owned by a single company.37
754525571Social DarwinismThe application of ideas about evolution and "survival of the fittest" to human societies - particularly as a justification for their imperialist expansion.38
754525572"Survival of the Fittest"a natural process resulting in the evolution of organisms best adapted to the environment39
754525573"Pittsburgh Plus" PricingThe Pittsburgh Plus Pricing System was designed by steel lords (like Carnegie and Morgan) in the North to keep the South at an economic disadvantage in the steel industry. The southern coal and iron ore deposits were close to where it could be processed, which would give the South an advantage since they would have to pay less money for shipping. The steel lords put pressure on the railroads to charge the goods with a fictional fee as if they had been shipped from pittsburgh. It was also, in an indirect way, punishment of the South during the reconstruction after the Civil War.40
754525574Gibson Girlmagazine image that showed the new image that meant woman could make it big and did have buying power, created by charles dana gibson41
754525575ScabsStirkebreakers hired by employers as replacement workers when unions went on strike42
754525576LockoutWhen management closes the doors to the place of work and keeps the workers from entering until an agreement is reached43
754525577Yellow Dog Contractan agreement some companies forced workers to take that forbade them from joining a union. This was a method used to limit the power of unions, thus hampering their development.44
754525578Blacklistput on a blacklist so as to banish or cause to be boycotted45
754525579Nonproducersliquor dealers, professional gamblers, lawyers, bankers, and stockbrokers; cooperatives (to pool their money and resources), better working conditions, and the 8 hour workday;46
754525580Anarchistspeople who oppose organized government47
754525581Socialisma political theory advocating state ownership of industry, A theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.48
754525582Pure and Simple Unionismpurposed by Samuel Gompers, president of the AFL; he proposed that argued that "the trade unions pure and simple are the natural organizations of the wage workers to secure their present and practical improvement and to achieve their final emancipation.", Pure- just for workers simple-goals: wages, hours, and working conditions focuses on workplace49
754525583Craft Uniona labor union whose membership is restricted to workers in a particular craft50
754525584Closed ShopA working establishment where only people belonging to the union are hired. It was done by the unions to protect their workers from cheap labor.51
754525585Union Pacific RailroadA railroad that started in Omaha, and it connected with the Central Pacific Railroad in Promentary Point, Utah, (USG) , railroad that started in Omaha, Nebraska and it connected with the Central Pacific Railroad in Promentary Point, Utah; hired Chinese immigrants52
754525586Central Pacific Railroad(USG), A railroad that started in Sacramento , and connected with the Union Pacific Railroad in Promentary Point, Utah; hired Irish immigrants53
754525587Great Northern RailroadThe Great Northern's route was the northernmost transcontinental railroad route in the United States and was north of the Northern Pacific Railway route. The Great Northern was a privately funded transcontinental railroad54
754525588New York Central RailroadRan from New York City to Chicago and operated more than 4,500 miles of track.55
754525589Credit Mobiliera joint-stock company organized in 1863 and reorganized in 1867 to build the Union Pacific Railroad. It was involved in a scandal in 1872 in which high government officials were accused of accepting bribes.56
754525590Pullman Palace Carsintroduced in the 1860s these were billed as "gorgeous traveling hotels" by some. Others called them "wheeled torture chambers" and potential funeral pyres57
754525591Grangean association formed by farmers in the last 1800s to make life better for farmers by sharing information about crops, prices, and supplies, Social and educational organization through which farmers attempted to combat the power of the railroads in the late 19th century.58
754525592Wabash, St. Louis, and Pacific Railroad Company v. Illinois1886 - Stated that individual states could control trade in their states, but could not regulate railroads coming through them. Congress had exclusive jurisdiction over interstate commerce.59
754525593Mesabi Rangea range of hills in northeastern Minnesota where rich iron ore deposits were discovered in 188760
754525594Standard Oil CompanyFounded by John D. Rockefeller. Largest unit in the American oil industry in 1881. Known as A.D. Trust, it was outlawed by the Supreme Court of Ohio in 1899. Replaced by the Standard Oil Company of New Jersey.61
754525595Bessemer ProcessA way to manufacture steel quickly and cheaply by blasting hot air through melted iron to quickly remove impurities.62
754525596United States SteelCreated by J.P. Morgan from Carnegie's holdings; became the first billion dollar corporation, J. P. Morgan and the attorney Elbert H. Gary founded U.S. Steel in 1901 (incorporated on February 25) by combining the Andrew Carnegie's Carnegie Steel Company with Gary's Federal Steel Company and William Henry "Judge" Moore's National Steel Company for $492 million. It was capitalized at $1.4 billion, making it the world's first billion-dollar corporation.63
754525597Gospel of WealthThis was a book written by Carnegie that described the responsibility of the rich to be philanthropists. This softened the harshness of Social Darwinism as well as promoted the idea of philanthropy.64
754525598"Acres of Diamonds"This was a lecture written by Russell Conwell that advocated Social Darwinism It justified the rich being rich and the poor being poor and, it called people not to help the poor since it was their fault, thus promoting a laissez faire ideal.65
754525599Sherman Anti-Trust ActFirst federal action against monopolies, it was signed into law by Harrison and was extensively used by Theodore Roosevelt for trust-busting. However, it was initially misused against labor unions66
754525600American Tobacco CompanyControlled nine-tenths of the nation's cigarette production in 1890 and about three-fourths of all tobacco production in 1904; broken up in 1911 for violating the Sherman Anti-Trust Act.67
754525601New SouthThe rise of a South after the Civil War which would no longer be dependent on now-outlawed slave labor or predominantly upon the raising of cotton, but rather a South which was also industrialized and part of a modern national economy, Term that identified southern promoters' belief in the technologically advanced industrial South68
754525602Interstate Commerce ActEstablished the ICC (Interstate Commerce Commission) - monitors the business operation of carriers transporting goods and people between states - created to regulate railroad prices, prohibited rebates and pools, required railroads to publish rates, forbade discrimination against shippers, and outlawed charging more for short haul than for a long one over the same line69
754525603National Labor Union1866 - established by William Sylvis - wanted 8hr work days, banking reform, and an end to conviction labor - attempt to unite all laborers70
754525604Knights of Labor1st effort to create National union. Open to everyone but lawyers and bankers. Vague program, no clear goals, weak leadership and organization. Failed, one of the most important American labor organizations of the 19th century, demanded an end to child and convict labor, equal pay for women, a progressive income tax, and the cooperative employer-employee ownership of mines and factories71
754525605Haymarket SquareLabor disorders had broken out and on May 4 1886, the Chicago police advanced on a protest; alleged brutalities by the authorities. Suddenly a dynamite bomb was thrown that killed or injured dozens, including police. It is still unknown today who set off the bomb, but following the hysteria, eight anarchists (possibly innocent) were rounded up. Because they preached "incendiary doctrines," they could be charged with conspiracy. Five were sentenced to death, one of which committed suicide; the other three were given stiff prison terms. Six years later, a newly elected Illinois governor recognized this gross injustice and pardoned the three survivors. Nevertheless, the Knights of Labor were toast: they became (incorrectly )associated with anarchy and all following strike efforts failed.72
754525606American Federation of Labora federation of North American labor unions that merged with the Congress of Industrial Organizations in 195573

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