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16 Cards in this Set
- Front
- Back
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Pools, Trusts, Holding Companys
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a. Group of companies agreed to not compete but keep their prices the same
b. Companies working together hand over control of comp. to bored of trustees who tell them how to operate c. Held the stock and controlled companies |
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J.P Morgan
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giant of finance-pirateish. Swashbuckling in money world
Joined with Carnegie to make big steel company |
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Andrew Carnegie
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poor, intelligent, steel industrialist
Was responsible for spread of free public library |
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Edwin L. Drake
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First to drill and find oil
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John D. Rockerfeller
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Set up the standard oil Company
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What are the contributing factors to the transformed economy?
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1. technological innovation
2. Business management techniques 3. Transportation and communication networks 4. Advertisers 5. Laborers |
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Montgomery Ward
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Mail order catelog
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Sears and Roebuck
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a. Also made card catelog, began by sending jewlery by mail with his partner b.
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Centennial Exposition
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Festival inventions for 100th anniversary of america
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Thomas Edison
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invented a new kind of factory and light bulb
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Labor (trade) Unions
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Workers organized together to protect their interests
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Commonwealth v Hunt
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Opened path for unions-declared it was legal as any other club organization
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Molly Maguires 1875
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Secret society of minors. 10 employees hung for murder
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Haymarket Massacre (1886)
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In attempt to break up anarchist and communists. Meeting was bombed and killed 7 police
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Pullman Strike
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Us troops fought US workers to keep trains moving
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Knights of Labor
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Bring all workers into one skilled union
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