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25 Cards in this Set
- Front
- Back
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Transcontinental Railroad
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railroad from east coast > west coast
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Alexander G. Bell
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inventor of telegraph and telephone
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Carnegie "Gospel of Wealth"
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steel production combined with Frick. Vertical consolidation. "Rich man who dies rich dies disgraced"
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Rockefeller
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oil productions. RICH, RICH, RICH!
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T.A. Edison
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invented lightbulb and central electricity
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Homestead
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place of strike in PGH.
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monopoly
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elimination of competition
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cartel
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secret group formed from same product companies
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trust
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combining 2 companies of same product
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Vertical consolidation
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control of all production phases (Carnegie)
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economy of scale
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where the more competion price per item goes down
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piecework
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paid per completed unit
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collective bargaining
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labor union bargaining in groups to make bigger impact
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scab
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worker that replaces striker for cheap pay
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anarchist
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against all forms of gov.
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Yellow Dog Contracts
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new employee contract promising no labor union involvement
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Haymarket Square
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strike where bomb was thrown into police formation
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H.C. Frick
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combined with Carnegie, owned coke mines
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Brooklyn Bridge
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longest bridge ever built
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Labor Movement
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age of Carnegie where there were Labor Unions
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Distribution of Wealth
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where the rich get richer, poor get bitter, and the gap widens between them
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Business/Communications and their affect on women
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gets them jobs, but cheap jobs not as good as the mens, no room for social climbing
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Social Darwinism
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the survial of the fittest
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Philanthropy
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when you give your money to the masses to better themselves (Carnegie Library)
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Laissez-Faire
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limited role in business (hands-off policy)
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