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33 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt
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American entrepreneur.
built his wealth in shipping and railroads and was one of the richest Americans in history. |
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2. New York Central Railroad
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simply as the New York Central in its publicity, was a railroad operating in the Northeastern United States.
served most of the Northeast |
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3. Federal land Grants 1865-1900
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promote western expansion the federal government provided railroad companies with huge subsidies in the form of loans and land grants
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4. Transcontinental Railroad
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network of railroad trackage that crosses a continental land mass with terminals at different oceans or continental borders.
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5. Jay Gould
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American railroad developer and speculator.
He has long been vilified as an archetypal robber baron |
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6. Panic of 1893
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serious economic depression in the United States that began in that year.
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7. J.P. Morgan
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American financier, banker and art collector who dominated corporate finance and industrial consolidation during his time
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8. Bessemer Process
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first inexpensive industrial process for the mass-production of steel from molten pig iron.
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Andrew carnigie
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Scottish-American industrialist, businessman, entrepreneur and a major philanthropist.
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10. Vertical Integration
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is one method of avoiding the hold-up problem.
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11. U.S. Steel
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is an integrated steel producer with major production operations in the United States, Canada, and Central Europe.
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12. John D. Rockefeller
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revolutionized the petroleum industry and defined the structure of modern philanthropy.
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13. Standard Oil Trust
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formed by John D. Rockefeller,The company faced legal issues in 1890 following passage of the Sherman Antitrust Act.
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14. Horizontal Integration
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a type of 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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15. Anti Trust Movement
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A feeling of impotence in the face of these perceptions led to numerous movements for reform politics seemed to be growing corrupt and opportunities for leading a morally satisfying life were becoming fewer.
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16. Sherman Antitrust Act 1890
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United States federal government to investigate and pursue trusts, companies, and organizations suspected of violating the Act.
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17. United States v. E.C. Knight
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was a United States Supreme Court case that limited the government's power to control monopolies.
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18. Laissez – Faire Capitalism
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environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies.
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19. Adam Smith
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Scottish social philosopher and a pioneer of political economics.
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20. Gospel of Wealth
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term for a notion promoted by many successful businessmen that their massive wealth was a social benefit for all.
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21. Transatlantic Cable
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first cable used for telegraph communications laid across the floor of the Atlantic Ocean.
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22. Alexander Graham Bell
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eminent scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone.
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23. Sear Roebuck
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scotish pioneer that invented the next eletric chair to torture men who grope
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24. Horatio Alger
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was a prolific 19th-century American author
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25. Railroad Strike of 1877
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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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26. National Labor union
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The National Labor Union was the first national labor federation in the U.S. It was founded in 1866 and dissolved in 1872.
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27. Knights of Labor
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worked to ensure the rights of minorities and to provide fairness in the workplace.
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28. Terence V. Powderly
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born in Pennsylvania on 22nd January, 1849. He worked as a machinist and joined the Knights of Labor in 1874.
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29. Haymarket Bombing
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1886 killed many people,as a result a highly controversial trial with the executions of 4 innocent men.
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30. American Federation of Labor
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Federation of trade unions organized in 1886: united with the Congress of Industrial Organizations 1955
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31. Samuel Gompers
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president of the American Federation of labor
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32. Homestead Strike 1894
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eliminate the union as the exclusive bargaining agent in Carnegie's Homestead Works
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33. Eugene V. Debs
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Eugene v. Debs was a labor leader. He ran for the U.S. President 5 different times, and still had no success.
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