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18 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Andrew Carnegie 2 step plan to become rich: 1. Vertical intergration
2. Horizontal intergration
He made it so that the steel mills would lead right to the railroad lines ⬇ ⬇ ⬇ ⬇ ⬇
The railroads shipped the steel around the country.
What did these plans do? |
1. Buy all companies that make the raw materials ➡steel.
2. Buy the competition. |
1. Companies making sugar spice and everything nice ➡ PP girls.
2. You can't have any competition if you ... Them. |
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Carnegie's book "Gospel of Wealth" Carnigie gave millions of dollars to charity
What is one quote from Carnegie's book? |
"Rich men should give their money to help mankind" |
... |
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Thanks to Carnegie's successfulness, Social Darwinism was created.
What SD based on? |
Natural Selection (Charles Darwin)
Only the Best of the Best (The Crem de le Crem) will survive. |
... |
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Social Darwinism basically is the idea that white men who are rich and educated will become successful.
What about AAs, Asians, and Hispanics? |
All other races were considered inferior. |
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Entrepreneurs tried to control their comperition by Monopolies.
What are Monopolies? 2 defs. |
1. Many companies working together.
2. Buying or Destroying (destroying competitor's buildings/ killing competitor's family members) the competition. |
1... What's gonna work?
2. Buy or die |
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John D. Rockefeller took over what industry?
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Oil |
Name of Business : Standard Oil Company |
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J P. Morgan (Banker/Financier) took over what industry? |
Railroads |
Last section... Consolidated..(def- bring together) |
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1892- J.P Morgan buys Electric Company. He changes the name to General Electricity.
What was the original name of the company and the owner? |
Og company name: Edison's Electrical Company
OG owner- Thomas Edison |
Who invented the lightbulb |
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1901- J.P Morgan also buys Carnegie's Steel Company.
And changes the name of the company to what? This company is the first Million Dollar Company in the world. |
U.S Steel |
'Merica... |
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What happened during the Gilded Age? |
Carnegie, Rockefeller, and J.P Morgan were corrupt & Used Illegal Tactics. |
The Gilded Age is because of Robber Barons. |
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Who are the Robber Barons? |
The nickname for Carnegie, Rockefeller, and J.P Morgan |
Killer whale Orca Blackfish |
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1890 : The Anti Sherman Trust Act What was it made to do? |
Banned Monopolies |
The board game... |
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Business in the south was terrible, suffering Hard Economic Times. Because of one reason... What was it? This was also the reason why it took the South SO LONG to recover from Sherman's dmg... *Sherman flashbacks* |
The south refused to INDUSTRIALIZE Focused more on farming |
Living in the past... |
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Why were unions formed? |
Because the workers worked in a million dollar company BUT are only paid less than 20 dollars an hour |
Not much pa... |
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Who worked in Sweatshops? How was it? |
Women and children Unsafe and too much hardwork |
The old saying when the boat is sinking? ... Photos... |
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Who is the NLU?
Both Acronym & purpose
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Acronym: National Labor Union
Purpose: In 1868 Legalized 8hr work day FOR GOV. Only. |
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In the NLU, are AA allowed to work? |
No |
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Who created the CNLU? Acronym and Purpose... |
Creator: AA Workers Acronym: Colored National Labor Union Purpose: Make AA workers have jobs |
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