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33 Cards in this Set
- Front
- Back
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Cornelius Vanderbilt
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He build his wealth in shipping and railroads. He was also one of the richest Americans in history.
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New York Central Railroad
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Was formed in 1853 by the consolidation of a number of smaller railroads. Cornelius Vanderbilt gained conrol of the railroad.
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Federal land Grants 1865-1900
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Federal construction or funding of internal improvments like roads or canals which remained poilitically conroversial.
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Transcontinental Railroad
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A railroad that the US build and the congress supported this railroad. A construction of railroad trackage.
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Jay Gould
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Was a leading American railroad constructer and speculator. He was also one of the richest people in America.
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Panic of 1893
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This was a serious economic depression in the US. The panic was because of the collapse of the railroads and the banks failure to be able to fincance them.
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J.P. Morgan
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Was an American financer and also dominated corporal finance and consolidation during his time.
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Bessemer Process
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The first inexpensive industrial process for mass production of steel from molten pig iron.
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Andrew Carnegie
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A scottish american industrialist and he owned most of his fortune from the steel industry.
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Vertical Integration
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Used to describe a mangagment control. Vertically integrated companies in a supply chain are united through a common owner.
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U.S. Steel
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an integrated steel producer with major production operations in the US, Canada, and Central Europe. The company is the world's tenth largest steel producer ranked by sales
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John D. Rockefeller
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He was an American oil magnate. He revolutionized the entire oil industry and defined the structure of modern philanthrophy.
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Standard Oil Trust
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a predominant American integrated oil producing, transporting, refining, and marketing company.
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Horizontal Integration
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a type of ownership and control. It is a strategy used by a business or corporation that seeks to sell a type of product in numerous markets.
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Anti Trust Movement
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the body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace.
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Sherman Antitrust Act 1890
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requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of violating the Act.
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United States v. E.C. Knight
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was a United States Supreme Court case that limited the government's power to control monopolies.
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Laissez – Faire Capitalism
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describes an environment in which transactions between private parties are free from state intervention, including restrictive regulations, taxes, tariffs and enforced monopolies
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Adam Smith
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was a Scottish social philosopher and a pioneer of political economics.
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Gospel of Wealth
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an essay written by Andrew Carnegie in 1889 that described the responsibility of philanthropy by the new upper class of self-made rich
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Transatlantic Cable
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was the first cable used for telegraph communications laid across the floor of the Atlantic Ocean.
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Alexander Graham Bell
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was an eminent scientist, inventor, engineer and innovator who is credited with inventing the first practical telephone.
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Sear Roebuck
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Roebuck is home to the Walnut Grove Plantation, a preserved 18th century farmhouse and tourist attraction.
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Horatio Alger
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best known for his many formulaic juvenile novels about impoverished boys and their rise from humble backgrounds to lives of respectable middle-class
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Railroad Strike of 1877
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The depression of the 1870s forced the American railroads into a cost-cutting mode. The workers for the Baltimore & Ohio Railroad went on strike
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National Labor union
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the first national labor federation in the United States. Founded in 1866 and dissolved in 1873, it paved the way for other organizations, such as the Knights of Labor and the AF of L
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Knights of Labor
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was the largest and one of the most important American labor organizations of the 1880s.
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Terence V. Powderly
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the son of Irish Catholic immigrants. He was a highly visible national spokesman for the working man as head of the Knights of Labor
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Haymarket Bombing
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a demonstration and unrest that took place on Tuesday May 4, 1886, at the Haymarket Square in Chicago
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American Federation of Labor
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was one of the first federations of labor unions in the US. It was founded by an alliance of craft unions
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Samuel Gompers
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an English-born American labor union leader and a key figure in American labor history. Gompers founded the American Federation of Labor
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Homestead Strike 1894
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an industrial lockout and strike culimanating a battle between the strikers and the private security agents.
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Eugene V. Debs
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was an American union leader, one of the founding members of the International Labor Union and the Industrial Workers of the World
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