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30 Cards in this Set
- Front
- Back
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Mass production
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creating large quantities of product quickly and cheeply
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Assembly line
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an arrangement of machines tools workers in which a product is assembled by having each perform a specific successive operation on an incomplete unit as it passes by in a series of stages organized in a direct line
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Carnegie
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Steel
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Vertical integration
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having control of all the steps required to change a raw material into a finished product.
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Carnegie owned
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mining companies
rail lines steamship lines warehouses steel mills |
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Carnegie donated
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3,000 libaries
Universities Pension funds for formar employes Carnegie Hall in NYC |
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Rockfeller
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Oil refinery
Considered to be the wealthiest man ever |
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Ruthlessness
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Ruthlessness
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Horizontal intergration
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buying up all of the same types of companies in an industry
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Trust
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a group of corporations run by a single board of directors.
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The Standered Oil Trust
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Rockfellels corporation.
The corporation created a monopoly |
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Monopoly
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when a company controls nearly all of the business in an industry thereby elimination competition
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Rokefeller donated
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$80 million for the University of Chicago
Spelman University Dennison University Johns Hopkins |
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Strikes
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a work stoppage caused by the mass refusal of employes to perform work
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The Pullman Strike
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Owner cut pay of workers but didn't lower the pay of employe rent
Judge ordered them back to work they didn't go President Cleaved sent troups and the leaders were arrested for violation the Sherman Anti Trust Act |
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injunction
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a court order to spot doing something
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Mother Jones
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a famous organizer of workers
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Knights of Labor
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formed by Terrence Powdery
ended secrecy women blacks and unskilled workers were aloud did not believe in strikes |
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American Federation Of Labor
(AFL) |
Skilled workers only
practical not idealistic believed in strikes no blacks or new immigrants became the most powerful labor union 1 million by 1904 |
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Transcontinental
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across a continent
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The Golden Spike
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the last spike that connected the first transcontinental railroad
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standard
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something considered by an authority or by general consent as a basis of comparison an approved model;
an object that i regarded as the usual or most common size for form of its kind |
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Standardized Gauge
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the standard width of the trains rode on
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network
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a system of connected lines
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consolidate
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combine
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Vanderbilt
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the most powerful railroad owner
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Railroads Ripple Effect
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Increased transportation of goods
Business sprang up around the railroads Increased settlements in the West Thousands employed by the Railroads Coal lumber Steel RAILROADS |
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Rebates
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discouts
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pools
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several railroad companies would divide their business in an area and then fix their prices to a higher level
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Populist party
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in favoring of protesting the railroads
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