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33 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt
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who: American entrepreneur
when: 18th cent significance:built wealth in shipping and railroads. |
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New York Central Railroad
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what: railroad operating in the United States
when: 19th cent significance: was able to connect many places in the US |
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Federal Land Grants 1865- 1900
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what: they were land grants that were given to the people of the US
when: 1865- 1900 significance: many people gained ownership over land, but then there came negative effects. |
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Transcontinental Railroad
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what:railroad line built in the US
when: 1863- 1869 significance: the railroad was able to connect Atlantic and Pacific coasts |
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Jay Gould
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who: leading american railroad developer
when:19th cent significance: he had been vilified as an archetypal robber baron, which made him the richest man in america. |
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Panic of 1893
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what: serious economic depression in the US
when: 1893 significance: was marked by the collapsed of railroad overbuilding and shaky railroad financing |
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J.P. Morgan
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who: American financier, banker and art collector
when: 20th cent significance: dominated corporate finance and industrial consolidation |
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Bessemer Process
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what: first inexpensive industrial process for the mass-production of steel form molten pig iron
when:19th cent significance: first to be used to an industrial scale |
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Andrew Carnegie
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who: Scottish- American industrialist
when: 19th cent significance:he had a lot of important contributions as a philanthropist |
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Vertical Integration
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what: described a style of management control
when: 19th cent significance: they used it to maintain things under control and running smoothly |
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US Steel
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what: an integrated steel producer
when: 20th cent significance: it was the major production operations in the US |
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John D. Rockefeller
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who: American oil magnate
when: 19th cent significance: revolutionized the petroleum industry and defined structure of modern philanthropy |
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Standard Oil Trust
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what: a predominant American integrated oil producing, transporting, refining, and marketing company
when:19th cent significance:one of the world largest multinational corporations |
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Horizontal Integration
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what: describes a type of ownership and control
when:19th cent significance: strategy used by a business or corporation |
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Anti Trust Movement
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jayme knows the abcs backwards!!!! (:
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Sherman Antitrust Act 1890
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It required the United States federal government to investigate and pursue trusts, companies, and organizations suspected of violating the Act
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US vs. E.C. Knight
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It 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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This 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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(18th cent): He was a Scottish social philosopher and a pioneer of political economics.
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Gospel of Wealth
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(1889):An essay that described responsibility of philanthropy by the new upper class of sefl-made rich.
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Transatlantic Cable
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(19th cent): It 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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(19th cent):He was an eminent scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone
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Sear Roebuck
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(1964): It was a United States Supreme Court case which limited state law on unfair competition when it prevents the copying of an item that is not covered by a patent
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Horatio Alger
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(19th cent): He was an author well known for hie formulaic juvenile novels about impoverished boys. His work gained more fame after his death.
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Railroad Strike of 1877
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(1877): Railroad strike that began in Martinsburg, West Virginia. It ended 45 days after its start, it was put down by local and state militias and federal troops.
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National Labor union
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(1866): It was the first national labor federation in the United States
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Knights of Labor
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(19th cent): 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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(1879-1893): A highly visible national spokesman for the working man as head of the Knights of Labor from 1879 until 1893.
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Haymarket Bombing
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(19th cent): It was a demonstration and unrest. It was a rally in support of striking workers
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American Federation of Labor
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(1866): It was one of the first federations of labor unions in the United States.
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Samuel Gompers
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(20th cent): An English-born American labor union leader and a key figure in American labor history.
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Homestead Strike 1894
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an industrial lockout and strike
91892): Strike which began on June 30, 1892, culminating in a battle between strikers and private security agents |
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Eugene V. Debs
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(20th cent): 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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