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29 Cards in this Set
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- Back
- 3rd side (hint)
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Leand Stanford
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Gov of CA, Central + Southern Pacific railroads, Stanford University
govenor of CA, founded + presided over Central Pacific railroad, pres of Southern pacific railroad, started stanford university |
railroads
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James J HIl
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developed Northern Railroad, financial struggle w/ JP Morgan led to Wall Street Panic
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railroads
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Jay Gould
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caused Black Friday
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Alxander Graham Bell
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telephone
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Thomas Edison
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inconsecent light bulb, phonograph
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Cornelius Vanderbilt
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connected country w/ railroads adn steam boats, unstable buisiness tactics led to Wall Stree Crash
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railroads
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Andrew Carnegie
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created teh Caregie steel company to combined w/ the US Steel Corporation to create the larest steel company in the world
Wrote "Gospel of Wealth" Used money to help libraries + public edu |
steel
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John D. Rockefeller
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created Standard Oil Company
controled most of US oil (monopoly) used horizontal Integration buisiness was liquified by Supreme Court |
oil
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J.P Morgan
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One of the most powereful and influential bankers at the time
Showed powere and arrogance of financial capitalism |
bank
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Terrace Powderly
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pres of Knights f Labor
most powerful under his leadership |
labor
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Samuel Gompers
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orginaized American Federation of Labor
orgnized skilled workers by trade hated unions + union involvement in politics called fro restriction on immigrands |
unions
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John P Altgelt
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defended indivicuals against gov power
Pardoned anarchist leaders is Haymarket Affair Protested Clevelands descicion to send trops to Pullman coal strike |
protect little guy
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Robber Barons
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A nivkname for people who monopolized industries + overcharged consumers (Rochefeller, Carnergie, JP Morgan)
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Horizontal integration
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monopolizing parts of an industry (Rochefeller)
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Vertical Consolidation
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MOnopolizing an entire industry -from raw materials to finished product (Carnegie)
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Stock Watering
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over exaerizing the assets and profit of a company to its stock and bonds will go up
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Pools
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when all competingmembers in a buisiness raise their prices at the saem time so they all amke a big profit
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Holding Companies
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when one company holds (owns) the stock forseveral companies
Made in response to Sherman Antitrust Act |
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Trust
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A person on the board o directors in 1 comp is on the board of competing companies thereby eliminating competition
(must own enough stock in teh competing company to have enough power t choose board members and make descicions) |
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Interlocking Directories
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A Company puts someone in power to influence competeing companies
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Bessemer Process
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turning iron into steep
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Haymarket Affair
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workers from the McCormick Harvesting Machine COmpany go on strike which began peacfully but someone threw a bomb and killed a policman (anarchists charged and found guilty)
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Yellow Dog constract
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workers must sign before being employed promising they won't be part of a union
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Collective Bargaining
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Face to face negotiations between unions adn the employer (union leaders represent entire union)
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Strikes, Pickets, Boycotting
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Strikes= refuse to work
Pickets = advertise strikes through signs Boysotting = ask people no to buy product |
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Closed Shop
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only hires union workers
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Blacklisted
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states you were in a union (once fired can't fin any other work)
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National Labor Union
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1st national union
Represented iron wokers who wanted 8 hr work day Downfall was alligning selvs w/ Greenback Labor Party |
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Pullman Strike
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workers form teh Pullman Car Company went on strike when their pay was reduced
Refused to connect cars on the Pulman Train Train used to carry gov mail So considered federal offense Clevland sent troops to break up strike |
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