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29 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt?
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He was one of America's most richest men in the second half of the 19th century. He started in business when he was 16 years old.
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New York Central Railroad?
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This railroad was know as the New York Central in its publicity, it operated in the Northeastern United States. The headquarter is in New York.
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Federal Land Grants 1865-1900?
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Land offered from the government to help railroad construction.
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Transcontinental Railroad?
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It had been dreamed as early as 1836. It was suggested in the 40's and 50's. Congress expended 150,000 in hunting a feasible route for it in 1853.
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Jay Gould?
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Jay was born in Roxbury, New York. He was an American financer and leading railroad developer.
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Panic of 1893?
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It was a serious economic depression in the United States that began in that year.
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J.P Morgan?
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He was a wealthy industrialist who emerged from the 19th century and became one of the most powerful financers in the 20th century.
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Bessemer Process?
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It was the process for the mass, production of steel form molten pig iron.
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Andrew Carnegie?
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He was a steel tycoon in the 19th century who became on t=of the most famous philanthropists in the 20th century.
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Vertical Integration?
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The process in which several steps in the distribution of a product or service controlled by a single company.
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U.S Steel?
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Headquartered in Pittsburgh is the largest fully integrated steel producer in the United States.
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John D. Rockefeller?
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He was one of the richest Americans in history and he found the Standard oil company.
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Standard Oil Trust?
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It was a prodominant American integrated oil producing, transporting, refining and marketing company.
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Horizontal Integration?
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When a company expandes its business into different products that are similar to current lines.
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Anti-Trust Movement?
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The economic situation for people would be going out of control so many individuals worried that opportunities would go away.
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Sherman anti-trust act of 1890?
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Required the United States federal government to investigate and pursue trusts.
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United States v E.C Knight?
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It was also known as the "Sugar Trust Case" was a United States supreme court case that limited the governments power to control monopolies.
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Laissez - Faire Capitalism?
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Describes an environment in which transaction between private parties are free from state intervention.
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Adam Smith?
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He was a Scottish philosopher and an author of a 1776 book that was a classic novel about modern economics.
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Gospel of Wealth?
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It is an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy.
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Transatlantic Cable?
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It was an underwater communication link between North America and Europe.
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Alexander Graham Bell?
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He invented the telephone and his father invented visible speech(the alphabet).
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Sear Roebuck?
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It was involved in a supreme court case that limited state law on unfair competitions.
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Horatio Alger?
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He was a prolific writer of many books for boys and he died of heart disease.
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Railroad Strike of 1877?
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The depression of the 1870'sforced the American railroads into a cost-cutting mode. a lot of workers went on strike.
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National Labor Union?
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It was the first National Labor federation in the United States. Founded in 1866 and dissolved in 1873.
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Knights of Labor?
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It was an organization founded in 1869 and it was used to help solve labor conflicts.
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Terence V. Powderly?
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He was born in Pennsylvania, and was the son of Irish Catholic immigrants.
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Haymarket Bombing?
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It was a demonstration and unrest that took place on Tuesday May 4th, 1886 at the haymarket square.
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