2.10 - 2.15 ✔️ Flashcards

1
Q

Organization formed by workers meant to negotiate for certain things like better pay, safer working conditions, and better benefits

A

labor union

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2
Q

First major labor organization. Open to all genders and for both unskilled and skilled workers

A

Knights of Labor

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3
Q

A violent confrontation between police and labor protesters in Chicago that became the symbol for the international struggle for workers’ rights.

A

Haymarket Riot 1886

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4
Q

A national federation of labor unions that still continues today.

A

American Federation of Labor

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5
Q

When workers tried to protest the paycut. This led to a bloody confrontation between the workers and the hired Pinkerton security guards, killing 16 and injuring many others. (Carnegie Steel company)

A

Homestead Strike 1892

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6
Q

A widespread railroad strike and boycott that severely disrupted rail traffic in the midwest. Government’s first time using an injunction to break a strike

A

Pullman Strike 1894

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7
Q

Attack on striking coal miners and their families - resulted in the deaths of 25 people.

A

Ludlow Massacre 1914

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8
Q

Social organization that fought monopolist gran transport.

A

Grange Movement

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9
Q

An American agrarian movement during the 1870’s and 1880’s that sought to improve the economic conditions for certain people through the creation of cooperatives and political advocacy.

A

Farmers’ Alliances

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10
Q

Free market economic system where people believe that the invisible hand of the market guides the economy.

A

Laissez Faire

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11
Q

Federal law to deliver 10000 dollars of aid to purchase seed gran for farmers after a major drought in texas. Vetoed by president cleveland

A

Texas Grain Bill, 1887

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12
Q

A theory that applied the theory of darwinism to people. It essentially states that poor people deserve to be poor and rich people deserve to be rich.

A

Social Darwinism

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13
Q

A political approach that strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups

A

Populism

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14
Q

Politically oriented coalition of agrarian reformers that advocated a wide range of economic and political legislation in the late 19th century.

A

People’s (populist) party

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15
Q

Economic depression in the US where many lost their jobs and many farmers lost their farms.

A

Panic of 1893

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16
Q

Wanted to introduce silver as a basis for money as well (before this only gold was allowed to be used for money). Farmers + populists liked this as it would help them pay off debt

A

Bimetallism

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16
Q

When paper money is only linked to gold. Silver is not a currency.

A

Gold Standard

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17
Q

Populist Party’s list of goals from their convention in 1892

A

Omaha Platform

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18
Q

Populist leader

A

William Jennings Bryan

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19
Q

Created an interstate commerce commission to oversee the conduct of the railroad industry. AKA when railroads became regulated by federal gov.

A

Interstate Commerce Act 1887

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20
Q

first Federal act that outlawed monopolistic business practices.

A

Sherman Antitrust act 1890

21
Q

the 26th president of the United States, serving from 1901 to 1909

A

Teddy Roosevelt

22
Q

Roosevelt’s domestic policy agenda - Aimed to ensure fairness

A

Square deal

23
Q

political philosophy of Theodore Roosevelt, an espousal of active federal intervention to promote social justice and the economic welfare of the underprivileged;

A

New Nationalism

24
Q

A group of interests for only a small group of people.

A

Special interests

25
Q

Act that defines unethical business practices, such as price fixing and monopolies, and upholds various rights of labor. Act to stop monopolies

A

Clayton Antitrust Act, 1914

26
Q

This amendment allowed income tax to be collected

A

16th amendment

27
Q

When people started moving from rural areas to cities.

A

Urbanization

28
Q

The “board” that organized the war effort between industries

A

War industries board

29
Q

When black people moved out of the south to the north in hopes for a better life

A

Great migration

30
Q

Out break of racial violence in chicago. Also known as the chicago race riots

A

Red Summer 1919

31
Q

Out break of racial violence in chicago. Also known as the red summer 1919

A

Chicago Race riots 1919

32
Q

a system of stratification that focuses on the belief that some racial groups are either superior or inferior to other racial groups.

A

Racial heirarchy

33
Q

a period in American history of dramatic social, economic and political change. More people living in urban areas than in rural areas

A

Roaring 20’s

34
Q

scandal of the early 1920s surrounding the secret leasing of federal oil reserves by the secretary of the interior, Albert Bacon Fall

A

Teapot dome scandal

35
Q

the preoccupation of society with the acquisition of consumer goods.

A

Consumerism

36
Q

large retail establishments that offer a wide variety of goods organized into different departments,

A

Department store

37
Q

When people went into debt to buy things. They then paid monthly installments.

A

Buying on credit

38
Q

a series of workers and machines in a factory by which a succession of identical items is progressively assembled.

A

Assembly Line

39
Q

The rise in efficiency of production, allowing more good to be produced faster.

A

Productivity

40
Q

Founder of ford motors and is credited with making cars affordable for the middle class

A

Henry Ford

41
Q

It was an act that created a reserve from which banks could borrow money incase too many people asked for money. Added stability to the system.

A

Federal Reserve Act of 1913

42
Q

A place where stocks can be bought and sold

A

Stock Market

43
Q

The stock market crash where people lost a lot.

A

Black tuesday

44
Q

the quantity of goods or services that consumers are willing and able to purchase.

A

Consumer Demand

45
Q

When peope weren’t employed not because they didn’t want to be, but because they couldn’t be.

A

Unemployment

46
Q

When many people try to take their money out at the same time

A

Bank run

47
Q

When banks cannot give everyone their money, usually because of huge numbers of people taking their money out.

A

Bank failures

48
Q

The drought that affected south central US. Greatly damaged agriculture

A

Dust Bowl

49
Q

investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.

A

Speculation

50
Q

When you pay 20 % of the actual value of the share in hopes of making enough of a profit to be able to pay all of it back and make a profit. (eg, buy for 10, actual price = 50, price goes up to 100, you sell stock and make 50 dollars after paying the other 40 back)

A

Buying on Margin

51
Q

A wealthy mining engineer before his presidency, this president led the wartime Commission for Relief in Belgium and was the director of the U.S. Food Administration, followed by post-war relief of Europe.

A

Herbert Hoover