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33 Cards in this Set
- Front
- Back
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cornelius vanderbilt
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an American entrepreneur, he built his wealth in shipping and railroads and was the patriarch of the Vanderbilt family
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New York Central Railroad
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a railroad operating in the Northeastern United States. Headquartered in New York, the railroad served most of the Northeast, including the states of New York, Pennsylvania, Ohio, Michigan, Indiana, Illinois, and Massachusetts,
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Federal land Grants 1865-1900
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Federal subsidies, loans, and land grants for railroads , Protective tariffs
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4. Transcontinental Railroad
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a contiguous network of railroad trackage that crosses a continental land at different oceans or continental borders.
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5. Jay Gould
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a leading American railroad developer and speculator. He has long been vilified as an robber baron, whose successes made him the ninth richest American in history
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6. Panic of 1893
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a serious economic depression in the United States that began in that year.[ 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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7. J.P. Morgan
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was an 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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was the first inexpensive industrial process for the mass-production of steel from molten pig iron.
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9. Andrew Carnegie
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was a Scottish-American industrialist, businessman, entrepreneur and a major philanthropist.
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10. Vertical Integration
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a style of management control, vertically integrated companies in a supply chain
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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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John D. Rockefeller
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was an American oil magnate. Rockefeller revolutionized the petroleum industry and defined modern philanthropy
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Standard Oil Trust
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American integrated oil producing, transporting, refining, and marketing company
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Horizontal Integration
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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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Anti Trust Movement
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body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices.
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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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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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an environment in which transactions between private parties are free from state intervention, including taxes, tariffs and enforced monopolies.
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Adam Smith
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a Scottish social philosopher and a pioneer of political economics
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Gospel of Wealth
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an essay written by Andrew Carnegie in 1889 which described the responsibility of philanthropy by the new upper class of self-made rich.
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Transatlantic Cable
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a company formed in 1856 to undertake and exploit a commercial telegraph cable across the Atlantic ocean
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Alexander Graham Bell
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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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Founded 1886 in Minneapolis, Minnesota by Richard W. Sears and Alvah
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Horatio Alger
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American author, best known for his many novels about impoverished boys and their rise from humble backgrounds to lives of respectable middle-class security
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railroad strike of 1877
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began on July 14 in West Virginia, United States and ended some 45 days later .
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National Labor union
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he first national labor federation in the United States. Founded in 1866 and dissolved in 1873, it paved the way for other organizations, such as the Knights of Labor and the AF
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Knights of Labor
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he largest and one of the most important American labor organizations of the 1880s, Its most important leader was Terence Powderly.
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Terence V. Powderly
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born in Carbondale, Pennsylvania, the son of Irish Catholic immigrants.
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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 in Chicago. It began as a rally in support of striking workers. An unknown person threw a dynamite bomb at police as they dispersed the public meeting
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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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an English-born American labor union leader and a figure in American labor history. Gompers founded the American Federation of Labor (AFL), and served as that organizations president from 1886 to 1894
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32. Homestead Strike 1894
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an industrial lockout and strike which began on June 30, 1892, culminating in a battle between strikers and private security agents
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eugene debs
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an American union leader, one of the founding members of the International Labor Union and the Industrial Workers of the World (IWW), and several times the candidate of the Socialist Party of America for President of the United States.
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