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34 Cards in this Set

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Rebates
discounts from railroad companies given to their biggest customers to force small businesses to go out of business.
James Hill
Canadian -born railroad baron, finished the last major cross-country line in 1893. Wounded from Duluth, Minnesota, to Everett, Washington. Great Northern Railroad.
Pool
Group of companies that divided up business in an area and fixed prices. Made shipping prices high.
Changes brought about by Railroad industry
Brought people together , business sprang, towns sprouted, 4 time zones and special departments for each part of the business.
Consolidate
Larger RR companies brought out smaller RR companies to rule out competition.
Network
System of connected lines, created when they standarized track width.
Free enterprise system
economic system in which businesses are owned by private citizens.
John Rockafeller
Owned standarized oil trusts.
vertical integration
control of all phases of an industry, from raw materials to finished product.
dividend
share of a corporation's profit.
Trusts
Group of Corporations run by a single board of of directors.
Monopoly
Company that controls all or nearly all the business of an industry.
Corporation
business that is owned by investors. Sells stock to raise money.
J.P. Morgan
powerful banker who used banking profits to gain control of Major Corporations. Bought up RR companies and steel.
Sherman Anti Trust Act
Banned the formation of trusts and monopolies. Too weak to be effective.
Edison
Lightbulb, electric powerplant, and phonograph
Bell
Telephone
Eastman
Kodak Camera
McCoy
Automatic Engine-oiling machine. A device for oiling engines
Swift
Refrigeration
Matzeliger
Shoemaking machine
Bessmeir
Steel making products
Sholls
Typewriter
Assembly lines & effects
Made products cheaper and faster.People could now afford to buy products like automobiles.
Mother Jones
Organized workers into Unions and spoke out against Child labor.
Injunctions
A court order to do or not do something. Used to prevent workers from Striking.
Why did owners use Child labor.
Low pay.
AFL membership, who belonged
Skilled Workers
Triangle Fire
Tragic fire that led to new factory safety laws.
Terence Powderly
President of the Knights of Labor
Haymarket Riot
Violent strike, caused an anti labor feeling throughout the Country.
Public feelings towards unions
Children shouldn't work,if individual worked hard they should be rewarded. Against Child labor. Union workers deserved little sympathy.
Things that hurt the union
injunctions & violent strikes.
Goals of Union
1. higher wages 2.shorter workday. 3.better working conditions 4.End child labor