Ch. 10 Flashcards

1
Q

travois

A

a sled pulled by a dog or a horse

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2
Q

dividends

A

share of a corporation’s profit

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3
Q

triangle fire

A

fire in 1911 at the triangle shirtwaist factory that killed nearly 150 people

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4
Q

jerky

A

dried meat

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5
Q

who invented the moving assembly line

A

henry ford

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6
Q

first american corporation to be worth $1 billion

A

US steel company

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7
Q

when did airplanes become widely used

A

during/after world war 1- useful because they could be used to see the enemy location, they could travel 40 mph, and could drop bomb on enemy positions

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8
Q

john d. rockefeller

A

bought up oil refineries, slashed prices to eliminate competition, and utilized supply and demand to increase sales

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9
Q

wounded knee creek

A

shot mistakenly fired, led to people shooting at each other

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10
Q

andrew carnegie

A

controlled the steel industry by buying out rivals, buying iron mines, railroads, steamline ships, and warehouses- gave millions to charities because he believed in the “gospel of wealth”

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11
Q

j.p. morgan’s industry

A

US steel company

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12
Q

tepee

A

tents made by stretching buffalo skin on tall poles

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13
Q

where was sitting bull killed

A

wounded knee creek

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14
Q

supply and demand

A

an economic theory in which the price of a resource is determined by the availability of the resource and the demand for it

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15
Q

haymarket riot

A

labor rally in chicago that ended in violence when a bomb exploded

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16
Q

4 examples of what bulls were used for

A

food
shelter
clothing
tools

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17
Q

wright brothers

A

orville and wilbur wright flew the first plane which flew 150 feet in 12 seconds

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18
Q

anarchists

A

people who oppose all forms of organized government

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19
Q

where did sitting bull get killed

A

wounded knee creek

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20
Q

andrew carnegie’s company

A

carnegie steel

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21
Q

strikebreaker

A

replacements for striking workers

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22
Q

reservation

A

a limited area of land set aside for native americans

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23
Q

who bought who’s company and what were the names of the companies

A

j.p. morgan bout andrew carnegie’s industry- carnegie steel became the US steel company

24
Q

afl (american federation of labor )

A

organization of trade unions that represented skilled workers

25
Q

sherman antitrust act

A

a law that banned the formation of trusts and monopolies of the US

26
Q

trade union

A

a union of persons working in the same trade

27
Q

battle of little bighorn

A

battle where 225 soldiers from the 7th calvary where col. george a. custer were killed by indians led by sitting bull and crazy horse

28
Q

corral

A

enclosure

29
Q

corporation

A

business owned by investors

30
Q

fort laramie treaty

A

native americans had to stay in one place in exchange for gov. protection and aid

31
Q

who created the standard oil company

A

john d. rockefeller

32
Q

3 captains of industry

A

andrew carnegie- carnegie steel industry
j.p. morgan- US steel industry
john d. rockefeller- standard oil company

33
Q

thomas edison

A

built a research lab in ny, invented the light bulb, phonograph, first electric power plant, and moving pictures and short movies

34
Q

bessemer process

A

william kelly and henry bessemer discovered a new way to make steel, it enabled the production of steel at a low cost; railroads replaced iron with steel

35
Q

why were trusts good and why were they bad

A

they were good because they could compete by selling the best products at the lowest prices and the wages increased; they were bad because they eliminated competition and hurt smaller businesses

36
Q

what did capitalism own and what did this allow companies to do

A

private citizens with a free market; to sell and buy goods as needed

37
Q

vertical integration

A

gaining control of all the steps used to change raw materials into finished products

38
Q

another creek where 150 innocent people were killed

A

sound creek massacre

39
Q

sweatshops

A

workplace where people labor long hours in poor conditions for poor pay

40
Q

ilgwu (international ladies’ garments workers union)

A

union of garment workers

41
Q

trust

A

a group of corporations run by a single board of directors

42
Q

where did the first airplane fly

A

kitty hawk, north carolina

43
Q

what happened on the plains with the buffalo and who did this hurt and why

A

buffalo were killed by buffalo hunters, this hurt the plains’ indians because they used the buffalo for a lot of things

44
Q

alexander graham bell

A

invented the phone

45
Q

when did planes first catch on

A

after world war II

46
Q

scarcity

A

a state of limited sources

47
Q

standard oil company

A

company created by john d. rockefeller, it was a monopoly that controlled 95% of america’s oil company

48
Q

moving assembly line

A

greatly reduced time to make an automobile and mass production of cars and other products started soon after

49
Q

capitalism

A

business owned by private citizens

50
Q

collective bargaining

A

the right of unions to negotiate with management for workers as a group

51
Q

j.p. morgan

A

used banking skills to make high profits to control corporations, bought up troubled corporation and reduced competition

52
Q

monopoly

A

a company or group having control over all or nearly all of the business in an industry

53
Q

knights of labor

A

american labor organization to protect the rights of workers

54
Q

stock

A

partial ownership of the company

55
Q

dawes act

A

gave land to native americans by dividing reservations for farming to adopt to white customs; land was not good for farming so the native americans sold the land to white settlers