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33 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt
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also known by the sobriquet Commodore, was an American entrepreneur. He built his wealth in shipping and railroads and was the patriarch of the Vanderbilt family and one of the richest Americans in history.
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New York Central Railroad
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was a railroad operating in the Northeastern United States. Headquartered in New York, the railroad served most of the Northeast, including extensive trackage in some states.
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Federal land Grants 1865-1900
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Land-grant universities (also called land-grant colleges or land grant institutions) are institutions of higher education in the United States
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Transcontinental Railroad
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was a railroad line built in the United States of America between 1863 and 1869 by the Central Pacific Railroad of California and the Union Pacific Railroad
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Jay Gould
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was a leading American railroad developer and speculator.
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Panic of 1893
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he Panic of 1893 was a serious economic depression in the United States that began in that year.[1] Similar to the Panic of 1873, this panic was marked by the collapse of railroad overbuilding and shaky railroad financing which set off a series of bank failures
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J.P. Morgan
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In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric
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Bessemer Process
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the first inexpensive industrial process for the mass-production of steel from molten pig iron.
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Andrew Carnegie
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He earned most of his fortune in the steel industry. In the 1870s, he founded the Carnegie Steel Company, a step which cemented his name as one of the "Captains of Industry".
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Vertical Integration
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Nineteenth century steel tycoon Andrew Carnegie introduced the concept and use of vertical integration. This led other businesspeople to use the system to promote better financial growth and efficiency in their businesses.
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U.S. Steel
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more commonly known as U.S. Steel, is an integrated steel producer with major production operations in the United States, Canada, and Central Europe.
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John D. Rockefeller
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was an American oil magnate. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy
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Standard Oil Trust
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was a predominant American integrated oil producing, transporting, refining, and marketing company. Established in 1870
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Horizontal Integration
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ownership and control. It is a strategy used by a business or corporation that seeks to sell a type of product in numerous markets.
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Anti Trust Movement
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is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace
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Sherman Antitrust Act 1890
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requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of violating the Act
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United States v. E.C. Knight
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lso known as the "'Sugar Trust Case,'" was a United States Supreme Court case that limited the government's power to control monopolies
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Laissez – Faire Capitalism
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describes an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.
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\Adam Smith
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16 June 1723 – died 17 July 1790 [OS: 5 June 1723 – 17 July 1790]) was a Scottish social philosopher and a pioneer of political economics.
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Gospel of Wealth
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the Richest man in the World,"is an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich.
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Transatlantic Cable
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was the first cable used for telegraph communications laid across the floor of the Atlantic Ocean
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Alexander Graham Bell
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speech further led him to experiment with hearing devices which eventually culminated in Bell being awarded the first U.S. patent for the telephone in 1876
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Sear Roebuck
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is an American chain of department stores which was founded by Richard Warren Sears and Alvah Curtis Roebuck in the late 19th century
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Horatio Alger
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He initially wrote and published for adults, but a friendship with boys' author William Taylor Adams led him to writing for the young
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Railroad Strike of 1877
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began on July 14 in Martinsburg, West Virginia, United States and ended some 45 days later after it was put down by local and state militias, and federal troops.
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National Labor union
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Founded in 1866 and dissolved in 1873, it paved the way for other organizations, such as the Knights of Labor and the AF of L (American Federation of Labor
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Knights of Labor
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was the largest and one of the most important American labor organizations of the 1880s
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Terence V. Powderly
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He was a highly visible national spokesman for the working man as head of the Knights of Labor from 1879 until 1893. Although the Knights claimed over 600,000 members at its peak in 1886, it was so poorly organized that Powdery had little power.
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Haymarket Bombing
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was a demonstration and unrest that took place on Tuesday May 4, 1886, at the Haymarket Square
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American Federation of Labor
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was one of the first federations of labor unions in the United States. It was founded in 1886 by an alliance of craft unions disaffected from the Knights of Labor
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Samuel Gompers
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was an English-born American labor union leader and a key figure in American labor history. Gompers founded the American Federation of Labor
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Homestead Strike 1894
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was an industrial lockout and strike which began on June 30, 1892, culminating in a battle between strikers and private security agents on July 6, 1892
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Eugene V. Debs
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was an American union leader, one of the founding members of the International Labor Union and the Industrial Workers of the World
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