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21 Cards in this Set

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  • Back

American Federation of Labor

A new organization formed by craft unions. They replaced the Knights’ grand visions with practical tactics aimed at bread–and–butter issues.

Andrew Carnegie

Scottish–American philanthropist who worked his way up the Pennsylvania Railroad and eventually built his own steel mill. His philosophy was deceptively simple: “Watch the costs, and the profits will take care of themselves.” Using rigorous cost accounting and limiting wage increases to his workers, he lowered his production costs and prices below those of his competitors.

Eugene v. debs

Leader of the American Railway Union.

Henry W. Grady

Editor of the Atlanta Constitution. The South’s rich coal and timber resources and cheap labor, he proclaimed, made it a natural site for industrial development.

Homestead Strike

Workers strike at the Carnegie Steel Company plant in Hempstead, Pennsylvania. To destroy the union, managers had cut wages and locked out the workers. When workers fired on the armed men from the Pinkerton Detective Agency who came to protect the plant, a battle broke out. Seven union members and three Pinkertons died. A week later the governor sent eight thousand National Guardsmen to restore order. The union crushed, the mills resumed full operation a month later.

Horatio Alger

Unitarian minister turned dime novelist whose stories recounted the adventures of poor but honest lads who rose through initiative and self’discipline.

Interstate commerce act

Established the Interstate Commerce Commission (ICC), which oversaw the practices of interstate railroads. The law banned monopolistic activity like pooling, rebates, and discriminatory short–distance rates.

J. Pierpont Morgan

The investment banker who took over the weakened railroad systems, reorganized their administration, refinanced their debts, and built intersystem alliances.

Jay Gould

Head of the Union Pacific Railroad.

John D Rockefeller

American philanthropist who was the head of the Standard Oil Company. By 1879, Rockefeller had seized control of 90 percent of the country’s oil–refining capacity.

Knights of Labor

A labor organization that welcomed all wage earners or former wage earners; they excluded only bankers, doctors, lawyers, stockbrokers, professional gamblers, and liquor dealers. They demanded equal pay for women, an end to child labor and convict labor, and the cooperative employer–employee ownership of factories, mines, and other businesses. At a time when no federal income tax existed, they called for a progressive tax on all earnings, graduated so that higher–income earners would pay more.

Marxism

Theory named after German philosopher Karl Marx that rested on the labor theory of value: a proposition (which Adam Smith had also accepted) that the labor required to produce a commodity was the only true measure of that commodity’s value. Any profit made by the capitalist employer was “surplus value” appropriated from the exploited workers.

National Labor Union

A nationwide labor association that represented all workers. It endorsed the eight–hour–day movement, which insisted that labor deserved eight hours for work, eight hours for sleep, and eight hours for personal affairs. Leaders also called for an end to convict labor, for the establishment of a federal department of labor, and for currency and banking reform. To push wage scales higher, they endorsed immigration restriction, especially of Chinese migrants, whom native–born workers blamed for undercutting prevailing wage levels.

Samuel Gompers

Immigrant cigar maker who became head of the AFL in 1886 and led it until his death in 1924. For him, higher wages were not simply an end in themselves but were rather the necessary base to enable working class families to exist decently, with respect and dignity.

Sherman anti-trust act

Outlawed trusts and any other monopolies that fixed prices in restraint of trade and slapped violators with fines of up to five thousand dollars and a year in jail.

Social Darwinism

The belief that that inexorable natural laws controlled the social order. The state owed its citizens nothing but law, order, and basic political rights.

Standard oil trust

Headed by John D. Rockefeller, it was an umbrella corporation that ran oil companies.

Thomas A. Edison

Inventor of the light bulb.

Vertical Integration

Controlling all aspects of manufacturing, from extracting raw materials to selling the finished product.

Wildcat Strikes

Laborers walked off the job without union authorization because pay rates were cut or working conditions became intolerable.

William Graham Sumner

Yale professor who shared Carnegie’s disapproval of government interference. His combative book What Social Classes Owe to Each Other (1883) applied the evolutionary theories of British naturalist Charles Darwin to human society.