AP Chapter 24
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39827931 | The Gospel of Wealth | Preached by Carneige, wealth from God, rich needed to be responsible with money | |
39827932 | Wabash Case | Individual states had no power to regulate interstate trade | |
39828254 | Interstate Commerce Act | required railroads to publish rates openly and stopped the railroad owners from over inflating prices | |
39828255 | Labor Unions | organizations that worked for better working conditions, higher wages, etc. | |
39829701 | J.P. Morgan | loaned government 65 million dollars from the private banks. Bought steel industry from Carnegie | |
39829702 | Rockefeller | "oil baron" standard oil company of ohio in 1870. Richest man in human history. Took away many freedoms. Eventually Standard Oil falls | |
39829703 | Horizontal Integration | allying with competitiors to monopolize a given market | |
39829704 | Trust System | device for controlling rival companies | |
39829705 | Sherman Anti Trust Act | forbade combinations in restraint of trade without any distinction between "good" trusts and "bad" trusts | |
39829706 | Gibson Girl | healthy youg american women which inspired new fashions in the twentieth century(showed the change of women to a more independent person) | |
39829707 | Samuel Gompers | Created the American federation of labor | |
39829708 | Vertical Integration | when a single company does anything, growing to selling and everything in the middle | |
39829709 | American Federation of Labor | created once the national labor unions disbanded, led by terence V. Powderly, forme din 1869 a secret society that sought to include wokers into one big union and campainged for economic and social reform, including codes for safety and health. | |
39829710 | Secret Knights of Labor | Secret society to include all workers in one big union | |
39829711 | Nation Labor Union/Colored Labor Union | lasted 6 years, attracted 600K members, and supported by Republicans | |
39829712 | Plutocracy | gave Congress sole jurisdiction over interstate commerce | |
39829713 | Transcontinental Railroad | helped the industrialization of American and stimulated immigration | |
39829714 | Vanderbilt | established a shipping land transit line across Nicaragua in response to California gold rush | |
39829715 | pools | an agreement among competing companies to fix prices and outputs | |
39829716 | stock watering | inflating the claims about a company's assets and profitability to sell them for more than they're worth | |
39829717 | US Steel Corporation | formed by Morgan after buying Carnegie steel company | |
39829718 | Iron Clad Oaths and Yellow Dog Contracts | workers signed contracts to restrict them from joining labor unions | |
39829719 | steel | supplied for much of US economy, could be produced cheaply with new production techniques | |
39829720 | Carnegie | steel king; "wrote" the Gospel of Wealth; philanthropist; many ideas on life | |
39829721 | land grant system | government gave railroad companies land in a checkerboard pattern |