business and labor vocabulary
Subject:
US History [1]
Tags:
united states [3]
AFL–CIO [6]
gilded age [7]
Trade union [9]
Samuel Gompers [10]
Knights of Labor [11]
National Labor Union [12]
Republican Party [13]
Social Issues [14]
Business and Labor: The Gilded Age (1865-1900) & Progressivism and Populism (1900-1920) 168. Andrew Carnegie: achieved an abnormal rise in class system(steel industry), pioneered vertical integration (controlled Mesabie Range to ship ore to Pittsburgh), opposed monopolies, used?partnership of steel tycoons (Henry Clay Frick?as a manager/partner), Bessemer steel process 169. Standard Oil Trust: small oil companies sold stock and authority to Rockefeller?s Standard Oil Company (consolidation), cornered world petroleum market 170. John D. Rockefeller: Standard Oil Company, ruthless business tactics (survival of the fittest)