AP Industrial Age
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54575362 | Haymarket Riots | This was a riot in Chicago in 1886, where the bombing forever associated anarchists with the labor movement and hurt the labor cause. | |
54575363 | Time Zones | The railroads are credited for the creation of these on November 18, 1883. | |
54575364 | Andrew Carnegie | His steel company was housed in Pittsburgh. He gave up $350 million to various charities, libraries, and pensions. | |
54575365 | J.P. Morgan | He was a financier who bought out Carnegie Steel and created the world's first billion dollar corporation, U.S. Steel Company | |
54575366 | John D. Rockefeller | He created the Standard Oil Company, which quickly crushed all other competitors. | |
54575367 | Cornelius Vanderbilt | He was a railroad tycoon who controlled the New York Central Railroad. | |
54575368 | Samuel Gompers | He was the leader of the American Federation of Labor, and sought better wages, less hours, and safer working conditions. | |
54575369 | Therence Powderly | He was the leader of the Knights of Labor, when they held a number of strikes for an eight hour day. | |
54575370 | Jay Gould | He made millions by embezzling from various railroads, including the Union Pacific. | |
54575371 | vertical integration | This is a type of integration where a company controls all of the aspects of industry, like shipping and construction own their own. | |
54575372 | horizontal integration | This is a type of integration where companies ally together with competitors to monopolize an entire product market. | |
54575373 | Acres of Diamonds | This is the name of Reverend Russel Conwell's lecture that said that hard work leads to success. | |
54575374 | Bad Working Conditions | Workers were paid very low wages, worked over 12 hours a day for 6 or 7 days a week. | |
54575375 | gospel of wealth | This stated that while individual success is often over looked, the sharing of wealth is necessary to the survival of the country. |