Building a Powerful Nation Revision Flashcards
Monopoly
A company that has no competition
Laissez faire
“Leave alone”, the less the gov’t is involved in the economy, the better business will be
Social Darwinism
Discouraged government interference in economic matters
Plessy vs. Fergunson
“Separate but equal” doctrine
Lynching
Kill someone for alleged offense without a legal trial
Americanization
The action of making a person or thing American in character or nationality.
Vaudeville
A show or performance(comedy) making fun of others
Yellow Journalism
Section of newspaper with crude illustration
Niagara Movement
Obtaining civil rights for African Americans
Recall
Voters can vote to remove elected officials
Clayton Antitrust Act
Prohibits certain actions that lead to anti-competitiveness
Collective Bargaining
Workers negotiate as a group with employer
Division of labor
Breaking a job down into separate tasks
Business Cycle
Economic expansion or contraction
Subsidies
Direct or indirect payments to individuals or firms
Restrictive Covenants
Agreements that limit the way you can use property
Rural Free Delivery
Deliver mail directly to farm families
Social Welfare Programs
Protects citizens from economic risk and insecurities
What did both Thomas Edison and George Westinghouse work with?
Electricity
What was the goal of the Sherman Antitrust Act?
Promote fair industrial competition
What typically led an immigrant to achieve success in America?
Determination and Hard Work
According to reformers during the Gilded Age, who should lead reform efforts to help the needy?
Prosperous Americans
What was the number one economic reason for the United States to expand?
Because old industries were expanding as well as new ones forming
How did the United States enforce the Monroe Doctrine with Great Britain?
US insisted Great Britain submit a boundary despute with Venezuela to arbitration
What was the central message of the Roosevelt Corollary?
US would use force to prevent intervention in the affairs of neighboring countries
What connection was made between imperialism and the American frontier?
Imperialism would offer Americans a new frontier
Why was the building of the Panama Canal important?
Facilitated movement between Atlantic and Pacific ports
How did the United States acquire the Canal Zone?
Organized a revolt in Panama
What did most Progressives agree that the government should do?
Protect workers and help the poor
What helped Wilson get elected in 1912?
A split in the Republican Vote
Why did President Wilson establish the Federal Reserve System?
Reorganize the federal banking system
What were the main goals of the Progressives?
Moral improvement of society, child labor laws, reduction of gov. corruption
How did John D. Rockefeller gain control over much of the oil industry?
Managing a trust made up of Standard oil and allied companies
How did Andrew Carnegie gain control of the steel industry?
By practicing vertical consolidation
How were the banana republics of Central America controlled?
By American business interests
