apush Flashcards
C.Vanderbilt
A business tycoon who amassed a fortune in the steamboat business and invested this fortune in the consolidation of many smaller rail lines under one company, the New York Central Railroad
Railroads
most important innovation of 19th century, effective transportation network, more direct routes, greater speed, larger volumes of traffic.
J. Gould
an American financier that was partnered with James Fisk in tampering with the railroad stocks for personal profit.
Pullman
a nationwide railway strike that occurred from May through July, 1894, causing to the disruption of rail traffic throughout the nation, riots and property damage in and around the city of Chicago, the arrest of strike leaders, and 30 deaths.
T. Edison
American inventor and businessman. He developed many devices that greatly influenced life around the world, including the phonograph, the motion picture camera, and a long-lasting, practical electric light bulb. Andrew Carnegie.
A. Bell
A Scottish-born scientist. He is best known for patenting the telephone in 1876. He also founded the Bell Telephone Company in 1879 and the American Telephone and Telegraph Company (AT&T) in 1885
Carnegie
A Scottish-American industrialist who led the expansion of teh American steel industry. His article “The Gospel of Wealth” called for the rich to use their wealth to improve society and it started a wave of philanthropy.
Rockefeller
An American industrialist and philanthropist. Historical Significance: He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U.S. business trust.
Corporations
Business owned by many people.
Standard Oil Trust
A mechanism by which one company grants control over its operations, through ownership of its stock, to another company.
JP Morgan
An American financier, banker, philanthropist, and art collector. He funded the Edison General Electric and Thomson-Houston Electric Company and merged them to create General Electric.
Edward Bellamy
, Looking Backward. Envisioned a utopian socialist society where the government owned the means of production and distributed wealth equally among all citizens.
Granger Movement
A group of agrarian organizations that worked to increase the political and economic power of farmers. They opposed corrupt business practices and monopolies, and supported relief for debtors.
Munn v. Illinois
The Supreme Court upheld the Granger laws.
Interstate Commerce Act
a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be “reasonable and just,” but did not empower the government to fix specific rates.
Sherman Antitrust Act
A federal law that committed the American government to opposing monopolies, it prohibits contracts, combinations and conspiracies in restraint of trade.
Jacob Coxey
. A wealthy Ohio Populist who led a 500-strong “army” to Washington, D.C. in 1894 to demand a public works program to create jobs for the unemployed in the midst of a devastating four-year depression. Helped establish paper moneylead protest of unemployment from Panic of 1893.
Muckrakers
nickname given to young reporters of popular magazines. These magazines spent a lot of money on researching and digging up “muck,” hence the name muckrakers. This name was given to them by Pres.