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45 Cards in this Set
- Front
- Back
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George Pullman
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designed a railroad sleeping car
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rebates
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discounts
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dividends
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shares of a company's profit
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Cornelius Vanderbuilt
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son of a poor farmer, he earned his fortune in steamship lines and then bought up railroads
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consolidate
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when companies combine
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free enterprise system
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a system in which businesses are owned buy private citizens that control everything
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monopoly
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controls all or nearly all of 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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vertical integration
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acquiring control of all the steps required from changing a raw material into a finished product
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George Westinghouse
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invented and sold his new air brake, which allowed all carts to stop at once
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Andrew Carnegie
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earned profits fro steel mills
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Bessemer Process
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it enables steel makers to make strong steel at low prices
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James Hill
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a Canadian born railroad baron that finished the last major cross-country line in 1893
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stock
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share in businesses
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corporation
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businesses owned by investors
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Sherman Antitrust Act
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banned formation of monopolies and trusts but was to weak to be effective
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J. Pierpoint Morgan
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powerful banker and head of US steel company
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John Rockefeller
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dominated American oil industry
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Standard Oil Company
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The company Rockefeller formed by combining all of the ones he had bought
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network
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system of connecting lines
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pool
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when several companies come together and decide to divide up business in an area and set their prices at a high level
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Alexander Graham Bell
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Created the first telephone
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Cyrus Field
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ran an underwater telegraph cable across the Atlantic Ocean, it brought Europe and the US closer together
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Thomas Edison
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Created the lightbulb, the phonograph, the movie industry, and the electric power plant
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Jan Matzeliger
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invented the shoemaking machine
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Gustavus Swift
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Introduced refrigeration to the meatpacking industry
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George Eastman
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invented the lightweight Kodak camera
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Henry Ford
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with his "motor car for the multitude" he made the auto a part of everyday American life. He also created the assembly line.
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assembly line
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method of production in which workers are stationed in one place as products edge along on a moving belt.
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Mass production
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to make large quantities of a product quickly and cheaply
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Orville and Wilbur Wright
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Invented the first plane
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sweatshop
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a workplace where people labor long hours in poor conditions for low pay
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Knight of Labor
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union open that tried to make factories a better place
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Terence Powderly
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President of the Knights of Labor
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strikebreakers
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replacements for striking workers
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anarchists
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people who oppose all forms of organized government
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Haymarket Riot
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riot in Haymarket square against the killings of the strikers
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Samuel Gompers
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British-born cigar maker that formed a new union in Columbus, Ohio called the American Federation of Labor
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American Federation of Labor
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union formed by Samuel Gompers in Columbus, Ohio
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collective bargaining
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the right of unions to negotiate with management for workers as a group
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Mother Jones
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devoted her life to the cause of workers
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International Ladies Garment Workers Union
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union to protest women's rights
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Triangle Fire
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a fire that broke out in a sweatshop in NYC where nearly 150 people were killed
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Western Federation of Miners
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union made for miners against their working conditions
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injunction
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a court order to do or not do something
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