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48 Cards in this Set
- Front
- Back
Trust
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legal way of getting a lot of stock in the same industry
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American Federation of Labor
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Led by Samuel Gompers
only people belonging to certain crafts |
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Knights of Labor
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Led by Uriah Stephens
open to skilled/unskilled |
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Congress of Industrial Organizations
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Led by John Lewis
all skilled/unskilled workers in 1 industry |
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Edwin L. Drake
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First person to get oil from drilling
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Petroleum
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oil oozing from under ground
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Gilded Age
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era of wealth- actually full of corrupt politics and poverty
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Philanthropists
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People who give large sums of money to charity
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Carnegie
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Ruled the steel industry
philanthropist |
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Rockefeller
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Ruled the oil industry - monopoly
philanthropist |
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Union Pacific
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Builders of the transcontinental railroad that started in the east and worked west
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Central Pacific
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Started in the west and moved east
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Incorporate
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become a legal corporation
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dividends
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part of the profit
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Stock
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part ownership in a corporation
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Capital
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money
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Corporation
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organization legally entitled to own property and make contracts as if it were an individual person
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Rail Roads changed U.S. in what ways?
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-linked economies of west and east.
-helped ppl settle -gave more environmental control |
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Standard Time
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divided U.S. into 4 time zones
Eastern, central, pacific, and mountain. |
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Centennial Exhibition
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Graham bell showed telephone convention in Philadelphia
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Alexander Graham Bell
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Invented the telephone
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Patent
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Legal document that secures your invention for a certain amount of time
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Business Cycle
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A series of ups and downs in a busines
boom- up bust- down |
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Bessemer Steel Process
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Made production of steel more efficient less coal was needed to melt iron Ore
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Generator
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machine that produces an electrical current
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Thomas Edison
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Created the light bulb
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Samuel Morse
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Invented the telegraph
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Sweatshops
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places where workers worked long hours with bad conditions
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Socialism
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in an economic system all members are equal owners of all businesses- they share the work and the profits
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Haymarket Affair
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A union protest in which about 100 people died after and unknown person fired a bomb and the police opened fire.
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Pullman Strike
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a nation wide railway strike that spread through the rail industry.
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Eugene V. Debs
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American Railway Union President.Put in jail after Pullman Strike
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Samuel Gompers
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helped found a new national organization of unions called the American Federation of Labors
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American Federation of Labors
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Focused on improving working conditions by using boycotts, negatiations, and strikes.
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Stock Certificate
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Document that states you own a share in a business
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Limited Liability
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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
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Agarian
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Refers to a society of region in which farming is the main industry.
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Charles Darwin
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British scientist who wrote "The Origins of Species" talks about evolution of different species
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Social Darwinism
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theory that claims some people are born with certain traits that allow them to be successful and others are born without those traits.
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Regulate
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to place restictions on something. The U.S. government began to regulate trusts that were monopolies.
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Mary Jones
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effective labor leader who organized meetings, gave speeches, and helped strikers.
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Robber Baron
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someone in charge of a monopoly (Rockefeller)
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Elias Howe
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Created many inventions (sewing machines) and had many patents.
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Munn v. Illinois
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Supreme court case dealing with agriculture and corporate rates
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Grangers
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Organization made for farmers
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Pinkertons
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Armed gaurds that were hired to stop striking workers
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Homestead Strike
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Carnegie cut wages and the workers went on strike, Pinkertons went to keep out peacefully-Battled 10 dead
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Grover Cleveland
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the current president during this time("Gilded Age")
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