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48 Cards in this Set

  • Front
  • Back
Trust
legal way of getting a lot of stock in the same industry
American Federation of Labor
Led by Samuel Gompers
only people belonging to certain crafts
Knights of Labor
Led by Uriah Stephens
open to skilled/unskilled
Congress of Industrial Organizations
Led by John Lewis
all skilled/unskilled workers in 1 industry
Edwin L. Drake
First person to get oil from drilling
Petroleum
oil oozing from under ground
Gilded Age
era of wealth- actually full of corrupt politics and poverty
Philanthropists
People who give large sums of money to charity
Carnegie
Ruled the steel industry
philanthropist
Rockefeller
Ruled the oil industry - monopoly
philanthropist
Union Pacific
Builders of the transcontinental railroad that started in the east and worked west
Central Pacific
Started in the west and moved east
Incorporate
become a legal corporation
dividends
part of the profit
Stock
part ownership in a corporation
Capital
money
Corporation
organization legally entitled to own property and make contracts as if it were an individual person
Rail Roads changed U.S. in what ways?
-linked economies of west and east.
-helped ppl settle
-gave more environmental control
Standard Time
divided U.S. into 4 time zones
Eastern, central, pacific, and mountain.
Centennial Exhibition
Graham bell showed telephone convention in Philadelphia
Alexander Graham Bell
Invented the telephone
Patent
Legal document that secures your invention for a certain amount of time
Business Cycle
A series of ups and downs in a busines
boom- up
bust- down
Bessemer Steel Process
Made production of steel more efficient less coal was needed to melt iron Ore
Generator
machine that produces an electrical current
Thomas Edison
Created the light bulb
Samuel Morse
Invented the telegraph
Sweatshops
places where workers worked long hours with bad conditions
Socialism
in an economic system all members are equal owners of all businesses- they share the work and the profits
Haymarket Affair
A union protest in which about 100 people died after and unknown person fired a bomb and the police opened fire.
Pullman Strike
a nation wide railway strike that spread through the rail industry.
Eugene V. Debs
American Railway Union President.Put in jail after Pullman Strike
Samuel Gompers
helped found a new national organization of unions called the American Federation of Labors
American Federation of Labors
Focused on improving working conditions by using boycotts, negatiations, and strikes.
Stock Certificate
Document that states you own a share in a business
Limited Liability
refers to the limited risk one takes when investing in a corporation, if the corporation fails, the investor only loses what ws invested, not his personal assets
Agarian
Refers to a society of region in which farming is the main industry.
Charles Darwin
British scientist who wrote "The Origins of Species" talks about evolution of different species
Social Darwinism
theory that claims some people are born with certain traits that allow them to be successful and others are born without those traits.
Regulate
to place restictions on something. The U.S. government began to regulate trusts that were monopolies.
Mary Jones
effective labor leader who organized meetings, gave speeches, and helped strikers.
Robber Baron
someone in charge of a monopoly (Rockefeller)
Elias Howe
Created many inventions (sewing machines) and had many patents.
Munn v. Illinois
Supreme court case dealing with agriculture and corporate rates
Grangers
Organization made for farmers
Pinkertons
Armed gaurds that were hired to stop striking workers
Homestead Strike
Carnegie cut wages and the workers went on strike, Pinkertons went to keep out peacefully-Battled 10 dead
Grover Cleveland
the current president during this time("Gilded Age")