Ch. 22 + 23 Flashcards
How did the government contribute to the building of the national rail work?
They provided free grants of federal land to the railroad companies
Which two railroads created the first continental line in 1869?
The Union Pacific and the Central Pacific
Name the effects of transcontinental railroad lines
Immigration increased, cities grew larger, mining and agricultural industries had an easier time transporting goods, lands were depleted more quickly
The Interstate Commerce Act
required railroads to publish their rates openly, prohibited rebates and pools, outlawed charging more for a short haul, set up the Interstate Commerce Commision
What did the supreme court ruling St.Louis and Pacific Railroad Company V. Illinois establish?
prohibited states from regulating interstate commerce, which gave the federal government the sole power to regulate the Railroad industry
Vertical Integration
Perfected by Andrew Carnegie, established monopolistic control of every phase of business
Interlocking doctorates
placing officers of your own company onto various boards of directors of other companies, used by banker JP Morgan to consolidate competitors
How did large trusts like Standard Oil and those of Swift and Armour justify the economic denomination of their industries?
Large- scale methods of production and distribution could provide superior products at low prices
What was the basic belief of Social Darwinists
the idea that people gained wealth through “survival of the fittest” and that the wealthy did not owe anything to the poor
What did the Sherman Anti-Trust Act state
the first congressional attempt to regulate business for the public good, forbade combinations in restraint of trade, contained legal loopholes, used to curb labor unions, was not very effective
Who did southern textile mills generally employ?
poor whites recently of the farms
Who did southern textile mills generally employ?
poor whites recently of the farms, blacks were excluded
Which group was most dramatically altered by the new industrial age?
Women who came to work with typewriters and telephone switchboards, earned less than men, had smaller families and delayed marriages
The National Labor Union won what for it’s workers?
An 8-hour work day
What did the American Federation of Labor advocate for?
they concentrated on improving wages and hours of only skilled labors and avoided general social reform