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21 Cards in this Set
- Front
- Back
Jay Gould
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Captain of industry and owner of the Union Pacific Railroad
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Interstate Commerce Act
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First Federal attempt to control unfair practices by railroads
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J. Pierpont Morgan
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investment banker who helped create US steel
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Andrew Carnegie
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Scottish immigrant who built enormous steel company
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vertical integration
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Technique of controlling all phases of production, extracting maximum profit
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John D. Rockefeller
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Creator of Standard Oil and a master of the use of pools and trust to monopolize in industry
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standard oil trust
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an umbrella organization of 40 companies that controlled the US oil industry
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Sherman Anti-Trust Act
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law against trusts; initially unsuccessful
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Thomas Edison
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Inventor, founder of the first industrial research laboratory
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Henry Grady
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Editor of the Atlanta Constitution and tireless booster of his city and region
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Horatio Alger
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Author of more than 100 “rags to riches” books for boys
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wildcat strikes
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Spontaneous strikes not authorized by a labor union; some turned violent
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National Labor Union
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Early attempt to establish a single national union
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Knights of Labor
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Organization that took up where the NLU left off; enjoying considerable success for a while
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American Federation of Labor
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Skilled craft unions united under the leadership of Samuel Gompers
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Samuel Gompers
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AFL leader who focused on practical goals like wages, hours, and working conditions
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homestead strike
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company lockout that sparked a strike and violence at the Carnegie steel plant in 1892
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Eugene V. Debs
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Union organizer, arrested as leader of striking National Railway Union; would become Socialist leader
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William Sumner
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Tough-minded Yale professor and theorist of Social Darwinism
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Social Darwinism
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Theory that “survival of the fittest” competition benefits society by weeding out the unfit
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Marxism
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Belief that capitalism would inevitably destroy itself in a violent class struggle, thus paving the way for classless, communist utopia
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