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33 Cards in this Set

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Cornelius Vanderbilt
He build his wealth in shipping and railroads. He was also one of the richest Americans in history.
New York Central Railroad
Was formed in 1853 by the consolidation of a number of smaller railroads. Cornelius Vanderbilt gained conrol of the railroad.
Federal land Grants 1865-1900
Federal construction or funding of internal improvments like roads or canals which remained poilitically conroversial.
Transcontinental Railroad
A railroad that the US build and the congress supported this railroad. A construction of railroad trackage.
Jay Gould
Was a leading American railroad constructer and speculator. He was also one of the richest people in America.
Panic of 1893
This was a serious economic depression in the US. The panic was because of the collapse of the railroads and the banks failure to be able to fincance them.
J.P. Morgan
Was an American financer and also dominated corporal finance and consolidation during his time.
Bessemer Process
The first inexpensive industrial process for mass production of steel from molten pig iron.
Andrew Carnegie
A scottish american industrialist and he owned most of his fortune from the steel industry.
Vertical Integration
Used to describe a mangagment control. Vertically integrated companies in a supply chain are united through a common owner.
U.S. Steel
an integrated steel producer with major production operations in the US, Canada, and Central Europe. The company is the world's tenth largest steel producer ranked by sales
John D. Rockefeller
He was an American oil magnate. He revolutionized the entire oil industry and defined the structure of modern philanthrophy.
Standard Oil Trust
a predominant American integrated oil producing, transporting, refining, and marketing company.
Horizontal Integration
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.
Anti Trust Movement
the body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace.
Sherman Antitrust Act 1890
requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of violating the Act.
United States v. E.C. Knight
was a United States Supreme Court case that limited the government's power to control monopolies.
Laissez – Faire Capitalism
describes an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies
Adam Smith
was a Scottish social philosopher and a pioneer of political economics.
Gospel of Wealth
an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich
Transatlantic Cable
was the first cable used for telegraph communications laid across the floor of the Atlantic Ocean.
Alexander Graham Bell
was an eminent scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone.
Sear Roebuck
Roebuck is home to the Walnut Grove Plantation, a preserved 18th century farmhouse and tourist attraction.
Horatio Alger
best known for his many formulaic juvenile novels about impoverished boys and their rise from humble backgrounds to lives of respectable middle-class
Railroad Strike of 1877
The depression of the 1870s forced the American railroads into a cost-cutting mode. The workers for the Baltimore & Ohio Railroad went on strike
National Labor union
the 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 of L
Knights of Labor
was the largest and one of the most important American labor organizations of the 1880s.
Terence V. Powderly
the son of Irish Catholic immigrants. He was a highly visible national spokesman for the working man as head of the Knights of Labor
Haymarket Bombing
a demonstration and unrest that took place on Tuesday May 4, 1886, at the Haymarket Square in Chicago
American Federation of Labor
was one of the first federations of labor unions in the US. It was founded by an alliance of craft unions
Samuel Gompers
an English-born American labor union leader and a key figure in American labor history. Gompers founded the American Federation of Labor
Homestead Strike 1894
an industrial lockout and strike culimanating a battle between the strikers and the private security agents.
Eugene V. Debs
was an American union leader, one of the founding members of the International Labor Union and the Industrial Workers of the World