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Enduring Vision Chapter 18 Flashcards

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3708653375J.P. Morganbanker who took over railroad companies, centralized their management and eliminated their debt, also helped edison's power plant and bought out carnegie to create United States Steel corporation0
3708653376Andrew Carnegiescottish immigrant that became a buisiness innovator who watched prices and cut costs and built his own steel mill1
3708653377John D. Rockefellerhead of standard oil company that lowered price below competitors and made an agreement of companies-Standard Oil Trust2
3708653378Sherman Anti-Trust Actoutlawed trusts and monopolies that restricted trade , gave them fines and jailtime, but many companies found loopholes3
3708653379Thomas A EdisonBuilt a system of electric lighting, and had an invention lab where they made a microphone, and a motion picture camera4
3708653380Interstate Commerce Actregulated railroad monopolies by controlling prices5
3708653381Knights of laborbegan as a secret society, and wanted equal pay for women, no more child and convict labor, and a cooperative agreement between workers and employers6
3708653382Mother Jonesgot coal miners to join united mine workers of america, had parades of children, women stockpiled food, and mothers fought for their families, they were successful7
3708653383Chinese Exclusion Act, 1882ten year halt on Chinese immigration to illuminate competition, but this ban wasn't repealed until 19438
3708653384Samuel GompersLeader of AFL9
3708653385The American Federation of Labormore immediate and practical goals than the knights of labor, and included skilled workers because buisnesses couldn't easily fire them. They demanded an 8 hour work day, liability for injury, and federal safety laws10
3708653386Railroad strikes of 1877wage reduction led to wildcat railroad strike down new york, pittsburg, st. louis, kansas city, chicago, and san fransisco railroads. Rioters torched union depot and pennsylvania railroad round house. They called for troops and 2/3 of RRs stood idle11
3708653387Haymarktet square bombing, 1886strikers at mccormick harvester plant-a bomb was thrown into the crowd and policemen began to shoot12
3708653388Pullman strike, 1894george pullman-made fancy railroad cars and had a town for his workers, but the depression made wagecuts and workers refused to handle his cars, and it halted chicago traffic13
3708653389Eugene DebsLeader of pullman strikes, arrested under sherman anti trust act for restraining commerce14
3708653390Social darwinismno government control over large buisiness and poverty-survival of the fittest15
3708653391Maxismthought that the real value of a product was in how much work went into making it-thought that eventually society would be harmoneous16
3708653392Henry W. Gradywrote the doctrine of New South Creed, saying that the south had rich coal and limber resources and cheap labor, so they were a natural site of industrial development17
3708653393jay gouldunion pacific railroad head18
3708653394william graham sumnerwrote What Social Classes Owe to Each Other, connect Charles Darwin to human society, survival of the fittest19
3708653395vertical integrationcombining the parts of an industry so you start with raw goods and end with finished product20
3708653396horatio algerunitarian minister who became a write, wrote dime novels about young boys who found fortune through doing good deeds, rags to riches21

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