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28 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt-
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headed and consolidated the New York Central line
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Why were time zones created?
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Accurate timing was critical in safely running trains
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Stock Watering-
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a technique in which railroads would artificially talk up the company so stalk would increase
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"Pools"-
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a group of competitors who agree to work together as a mega-company
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Wabash v. Illinois-
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Supreme Court case stating that states cannot regulate interstate trade, only Congress can
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Interstate Commerce Act-
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outlawed rebates and pools & required rates to be openly published
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J.P. Morgan-
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financier who put his own people on the boards of struggling companies to create a monopoly
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John D. Rockefeller-
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monopolized the oil industry
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Bessemer Process-
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process in which cool air is blown over red hot iron to burn off impurities and produce stronger and cheaper steel
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Vertical Integration-
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owning a bunch of unrelated companies
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Horizontal Integration-
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buying companies all in the same field
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Gospel of Wealth-
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the rich's moral duty to spread the wealth like the Gospel
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Plutocracy-
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rich rule by plutocrats
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Ironclad Oaths/Yellow Dog Contracts
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methods of banning people from joining unions
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Knights of Labor-
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a big union that accepted all people (women and colored included)
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Terrence v. Powderly-
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court case that succeeded in getting the 8 hour work day
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American Federation of Labor-
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small unions tied together
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Haymarket Square Incident-
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riots held by Knights of Labor strikers
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Who founded the AFL?
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Samuel Gompers
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Who invented the type writer?
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Christopher Sholes
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Who invented the steam engine?
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Edward Drake
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Rev. Russel Conwell-
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promoted Social Darwinism with his sermon Acres of Diamonds
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Henry W. Grady-
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editor of the Alaska Constitution who urged Southerners to beat Northerners at the industry game
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James Buchanan Duke-
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created the American Tobacco Company
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Black List-
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list done by business for people who join unions so they can't get jobs
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Leland Stanford-
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started railroad in CA
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Who created the air brakes?
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George Westinghouse
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Where was the first oil well drilled?
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Titusville, PA
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