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25 Cards in this Set

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