Capitalism & Reform Flashcards
Vertical Integration
Business strategy in which a company buys other companies in which they don’t have to use other suppliers to create their products.
Horizontal Integration
Business strategy in which a business buys another business of the same kind to eliminate competition.
Free Exercise Clause/Establishment Clause
Protects the rights of individuals to practice any religion of their choice, or no religion at all, without government interference
Sherman Antitrust Act
Law passed to ban businesses from colluding or merging to form a monopoly, or engaging in other practices that restrain trade
18th Amendment
prohibited the manufacture, sale, or transportation of alcohol
19th Amendment
Women’s suffrage (right to vote)
Commerce Act
Regulated the railroad industry and prevented unfair practices. Interstate Commerce Commission (ICC) to oversee the rates and operations of railroads that crossed state lines.
Andrew Carnegie
Steel industry, from Scotland
John D. Rockefeller
Oil industry
Robber Barons
Powerful and wealthy industrialists and financiers of the late 19th century/Gilded Age (Carnegie, Rockefeller, Morgan, etc.)
“political machines”
Uses corruption, fraud, intimidation, or violence to maintain it’s political party’s control over a certain area, and prevent any opposition or reform from voters.
One reason for the massive economic expansion in the Gilded Age was _____.
cheap labor
“Tammany Hall” and “Boss” Tweed were powerful players in ____.
New York City
In the 19th century, most social services were administered by ______.
private institutions
Members of which ideology would have believed that it is the duty of the wealthy to help the less-fortunate?
Social Gospel
Members of which ideology would have believed that some people were simply destined to be poor and controlled by the wealthy?
Social Darwinists
Which of these is a similarity in these two movements?
They helped explain the wealth gap
Plessy v. Ferguson case originated to address segregation and discrimination in the railroads of what state?
Louisiana
The __________ was a factor in the Plessy v. Ferguson case, for it deals with “due process” and “equal protection.”
14th Amendment
14th Amendment
citizenship for everyone including slaves
15th Amendment
granted universal suffrage
13th Amendment
abolished slavery
What was the impact of the Supreme Court’s decision in the Plessy v. Ferguson case?
segregation was legal “separate but equal”
In 1889, Jane Addams founded the first settlement home in the U.S., known as __________.
Hull House
The purpose of Hull House was to help __________ acclimate to life in the U.S.
new immigrants
Addams became the first American woman to __________.
win the Nobel Peace Prize
The Progressive Movement sought to cure the political and social abuses that had arisen during __________.
The Gilded Age
