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13 Cards in this Set
- Front
- Back
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-railroad completed in 1869 that spanned from coast to coast
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Transcontinental railroad
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-man who began consolidating railroads, which provided cheaper railroad rates and faster travel times
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Cornelius Vanderbilt
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-passenger cars
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Pullman Palace Cars
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-technique of railroads intentionally talking up the value of their railroads to create over-speculation of the stock
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Stock watering
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-a cheap rate given to companies who used the railroads often
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rebates
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-given to the press to allow them to freely ride on the trains and give good reviews in return
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free passes
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-outlawed rebates and pools
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Interstate Commerce Act
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-corporation run by andrew Carnegie
-Used vertical integration, in which Carnegie owned all facets of production |
US Steel Corporation
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-process by which a corporation would place its own men on a "competitor's" board and work together as one unit
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interlocking directories
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-process by which steel was easily produced
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bessemer process
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-the theory that the wealthy were entrusted with the nation's wealth, and they had to spred the wealth
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Gospel of Wealth
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-speech given by Russell Conwell urging self betterment and that people have their right to earn their lots
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Acres of Diamonds
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-law which outlawed trusts
-it was not effective because it was difficult to classify all combinatons, and because it was given no means of enforcement |
Sherman Anti-Trust Act
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