Chapter 13 Flashcards

0
Q

Time zones

A

1880s
24 time zones
Because of trains and railroad lines

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1
Q

Bessemer process

A

Makes steel affordable

Needed for railroads, bridges, skyscrapers

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2
Q

Laissez-Faire

A

Allowed businesses to operate under minimal government regulation

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3
Q

Andrew Carnegie

A

Steel

Rags to riches

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4
Q

John D. Rockefeller

A

Oil

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5
Q

Horizontal integration

A

Lower prices to buy competitors out of business then buy them out then raise the prices
Rockefeller first to use this
Ohio state law- prevents one company from owning another, Rockefeller couldn’t buy out competitors

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6
Q

Vertical integration

A

Increased power by gaining control of many different businesses, companies reduce cost and charge higher prices to competitors
No middle man

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7
Q

“Natural selection”

A

Only the fittest survived to reproduce

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8
Q

“Robber barons”

A

Shared capitalist

Rich wealthy men that cheat Americans out of things, workers live bellow poverty level

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9
Q

Why was Bill Gates in court?

A

Monopoly

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10
Q

Social Darwinism

A

Declared wealth was a measure of ones inherent value and those who had it were the most “fit”
Used to justify beliefs and conditions

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11
Q

Trust=

A

Monopoly

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12
Q

ICC

A

Interstate commerce commission

Oversee railroad operations

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13
Q

Sherman Antitrust Act

A

Outlawed any trust operated “in restraint of trade or commerce among the several states”

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14
Q

Sweatshops

A

Small, hot, dirty, dark workshops

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15
Q

Main workshops

A

Little kids and women
Paid nest to nothing
Small hands help getting into machines

16
Q

Company towns

A

Owned by business rented by workers
Had grocery stores
Paid in credit and had to buy from them

17
Q

Collective bargaining

A

Negotiating as a group for higher wages or better working conditions
One form is strike

18
Q

Knights of Labor

A

Uriah Smith Stephens founded it
Broad social reform
Included all workers

19
Q

American Federation of Labor

A

Samuel Gompers
Focused specifically on wages, hours and conditions
Opposed women joining
Expensive to join so during strike could pay people
Wasn’t as successful because of money entry

20
Q

Pullman workers strike

A

Shut down railroads
Protesting cuts and layoffs
Troops were called in to end it

21
Q

Homestead strike

A

Strike about steel industry

Tools called in to end it

22
Q

What side does the federal government take…. The workers or the business?

A

Business